HRS Harris Corp.

Harris Corp. Responds to Cancellation of Comanche Program MELBOURNE, Fla., Feb. 23 /PRNewswire-FirstCall/ -- Harris Corporation today responded to the cancellation of the Army's RAH-66 Comanche helicopter program. The company's annual revenue run-rate associated with the Comanche program is approximately $20-25 million. For fiscal year 2004, most of the revenue has already occurred. Harris annual revenue exceeds $2 billion, and current backlog in the company's Government Communications SystemsDivision is $3.7 billion. The company said that all employees associated with the cancelled program, primarily in Palm Bay and Malabar, Florida, would be absorbed into other government programs. Harris currently has more than 200 active government programs and over 400 job openings, for which it is actively recruiting. During the past six months, Harris has been hiring approximately 50 employees per month for positions primarily in Brevard County, Florida. Harris total employment in Brevard is approximately 6,000. "We were involved on the Comanche program for over 20 years and believe it would have provided an outstanding capability for the U.S. warfighter," said Bob Henry, Corporate Senior Vice President and President of Harris' Government Communications Systems Division. "We are disappointed in the program's cancellation. Long term, we will continue to maintain a diverse portfolio of programs across the DoD, Civil, Homeland Security and Intelligence agencies. This strategy has been one ofthe drivers for growth in Harris' Government Communications Systems Division over the past five years and it will continue to be into the future." Through its Government Communications Systems business, Harris has been providing avionics equipment forthe Comanche program, including cockpit displays, display generator module sets, memory storage units, and fiber optic interface modules. Harris Corporation is an international communications equipment and systems company focused on providing assured communications(TM) solutions for government and commercial customers in more than 150 countries. The company's five operating divisions serve markets for government communications, tactical radio, broadcast, microwave, and network support. Additional information about Harris Corporation is available at http://www.harris.com/. Forward-Looking Statement This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-lookingstatements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the expected value of the program to Harris are forward-looking and involve risks and uncertainties. Other factors that may impact the company's results and forward-looking statement may be disclosed in the company's filings with the SEC. Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. DATASOURCE: Harris Corporation CONTACT: Tom Hausman, Harris Corporation, +1-321-727-9131, or Web site: http://www.harris.com/

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