HRS Harris Corp.

ROCHESTER, N.Y., June 3 /PRNewswire-FirstCall/ -- Michael P. Maurer, vice president/controller of the RF Communications division of Harris Corporation (NYSE:HRS), has been named one of three finalists in the "Best Executive - Financial Service" category of the 2008 American Business Awards, also known as the Stevie(R) Awards. The "Best Executive" selection and other Stevie Awards will be announced during a special dinner at the Marriott Marquis Hotel in New York City on June 12. Maurer's leadership has contributed to outstanding financial performance of the Rochester-based Harris RF Communications, the leading supplier of secure voice and data communications products, systems, and networks to military, government, and commercial organizations worldwide. Harris radios are used in more than 100 countries. Over the past three years (fiscal years 2005-2007), revenue at Harris RF Communications has grown from $537 million to $1.2 billion, a compound annual growth rate (CAGR) of 48 percent. Operating income has grown from $167 million to $403 million, a CAGR of 56 percent. "Michael Maurer's contributions to Harris RF Communications go well beyond the numbers. He is a valued business partner and strongly believes that his role is to help our employees achieve their career aspirations - and then go farther," said Dana Mehnert, president of Harris RF Communications. "He has built a financial organization that embraces ethical behavior, respect for the individual, and continuous improvement. No matter where we do business in the world, his group maintains its core values of integrity, honesty, transparency and responsibility." Maurer, a 30-year Harris employee, is currently leading a company-wide best practices working capital initiative to drive working capital improvements throughout Harris Corporation by leveraging initiatives that have worked well at RF Communications. He previously initiated an RF Communications Finance Institute that has resulted in more than 20 different courses for finance, information services, accounting and contract employees. During fiscal year 2007, a team led by Maurer reduced inventories by more than $30 million, increasing inventory turns from 3.4 times to more than 7 times. Over this same period, revenue increased over $370 million. About the Stevie(R) Awards Beginning with The American Business Awards in 2002, the Stevie Awards were created to honor and generate public recognition of the efforts, accomplishments, and positive contributions of companies and business people worldwide. Stevie is taken from the name Stephen, which is derived from the Greek for "crowned." In 2007, more than 2,000 nominations were submitted for consideration in more than 40 categories. Business professionals nationwide chose finalists during more than five weeks of preliminary judging. Details about The American Business Awards and the list of finalists in all categories are available at http://www.stevieawards.com/aba . About Harris Corporation Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of more than $5 billion and more than 16,000 employees -- including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications(R) products, systems, and services. Additional information about Harris Corporation is available at http://www.harris.com/ . "Stevie" is a registered trademark of Stevie Awards, Inc. DATASOURCE: Harris Corporation CONTACT: Jim Burke, Corporate Headquarters, of Harris Corporation, +1-321-727-9131, Web site: http://www.harris.com/ http://www.stevieawards.com/aba

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