Harris Corporation Awarded $161 Million F/A-18 Electronic Warfare System Contract; Recognized for 20 years of 100% On-Time Deliveries

Highlights:

Awarded next production lot of onboard jammers for U.S. Navy and Australian F/A-18s

Provides reliable electronic warfare technology for aircraft safety and mission success

Recognized for 100 percent on-time delivery over 20-year, $1B partnership

Harris Corporation (NYSE: HRS) has been awarded a $161 million contract modification to supply the next production lot of electronic jammers to protect U.S. Navy and Australian F/A-18 Hornet and Super Hornet aircraft against electronic threats.

Harris will manufacture and deliver Integrated Defensive Electronic Countermeasures (IDECM) jammers for the F/A-18C/D/E/F variants, with deliveries under the new contract expected to be completed by May 2021. The Harris ALQ-214(V)4/5 is the key onboard electronic warfare (EW) jamming system for the IDECM program, protecting the aircraft from electronic threats, including sophisticated integrated air defense systems.

This award is in addition to the $133 million production lot award received in the first quarter of fiscal 2018. The company has received more than $1 billion in awards to date from the Naval Air Systems Command for AN/ALQ-214 development and production and was recently recognized by the Navy for maintaining a perfect on-time delivery record over the entire 20-year life of the IDECM program.

The 20-year flawless delivery record to the Navy is a remarkable achievement, and we look forward to supporting their critical missions for the next 20 years and beyond, said Ed Zoiss, president, Harris Electronic Systems. Our investments and dedication to delivering IDECM systems has helped to keep naval aviators ahead of emerging threats and out of harm's way.

About Harris Corporation

Harris Corporation is a leading technology innovator, solving customers' toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports government and commercial customers in more than 100 countries and has approximately $6 billion in annual revenue. The company is organized into three business segments: Communication Systems, Electronic Systems and Space and Intelligence Systems. Learn more at harris.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect managements 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-looking statements 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 value, expected value or duration of orders, contracts or programs and about technology capabilities are forward-looking and involve risks and uncertainties. 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.

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LINK:	https://www.harris.com/press-releases/2018/03/harris-corporation-award...
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