Harris Corporation Delivers Fourth GPS III Satellite Navigation Payload; Establishes Full Production Cadence

Highlights:

Completes fourth delivery of ten navigation payloads for Lockheed Martin's GPS III satellites

Advanced payload increases power, accuracy, flexibility and lifespan

Harris navigation technology on every GPS satellite; 800-plus service years without mission failure

Harris Corporation (NYSE: HRS) delivered the advanced navigation payload for the fourth GPS III Space Vehicle (SV04) to Lockheed Martin on October 29 - establishing a proven and reliable production cadence. Harris delivered two payloads in 2017 and is committed to delivering four more in 2018.

Harris is under contract with Lockheed Martin for 10 GPS III navigation payloads. The first payload is fully integrated on the U.S. Air Force's first GPS III satellite, GPS III SV01, which was declared Available for Launch in September, with an expected launch in 2018. The payload moved flawlessly through space vehicle integration and test - exceeding specification requirements.

Harris' second, third and fourth navigation payloads have been fully integrated on GPS III SV02, SV03 and SV04. The fifth payload for SV05 is in process of environmental testing.

At the heart of Harris' navigation payloads is a Mission Data Unit (MDU), featuring a unique 70-percent digital design that links atomic clocks, radiation-hardened computers and powerful transmitters - enabling signals three times more accurate than those on current GPS satellites. These payloads also boost satellite signal power, increase jamming resistance by eight times and help extend the satellite's lifespan.

In November, Harris announced that it had completed development of a fully digital MDU for Lockheed Martin's GPS III satellites 11 and beyond. The new SV 11+ payload design will provide enhanced capabilities and increased performance for the Air Force.

While the Air Force originally developed GPS for warfighters, millions of people around the world and billions of dollars of commerce now depend on the accurate, reliable signal created and sent by Harris navigation technology.

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 payload capabilities and future payload deliveries are forward-looking and involve risk 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/2017/12/harris-corporation-deliv...
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