US Navy Awards Harris Corporation $7 Million Order for Electronic Warfare Decoy Technology

Highlights:

Provides decoy systems for Naval Research Laboratory's ADAP program

Represents an order under 2015 $54 million electronic warfare IDIQ contract

Accelerates replacement of existing Nulka decoy with Harris-developed EW payload

Harris Corporation (NYSE:HRS) has received a $27 million order to deliver maritime electronic warfare (EW) payloads for the U.S. Naval Research Laboratory's Advanced Decoy Architecture Project (ADAP) program. The order was received during the fourth quarter of Harris' fiscal 2016.

The order, issued under a three-year, $54 million ceiling IDIQ contract received in September 2015, also includes testing and engineering services to help meet current and future EW mission requirements. The Harris-developed ADAP EW payloads represent an upgrade to the existing Nulka decoy, currently in service with the U.S. Navy, Coast Guard, Royal Australian Navy and Royal Canadian Navy.

Decoys are an essential layer of shipboard protection, often serving as the last line of electronic defense, said Ed Zoiss, president, Harris Electronic Systems. Harris ADAP payloads defeat the most sophisticated RF-guided anti-ship weapons with electronic techniques built upon decades of electronic warfare and countermeasure design experience.

About Harris Corporation

Harris Corporation is a leading technology innovator, solving our customers' toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports customers in more than 125 countries, has approximately $8 billion in annual revenue and 22,000 employees worldwide. The company is organized into four business segments: Communication Systems, Space and Intelligence Systems, Electronic Systems, and Critical Networks. Learn more at harris.com.

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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 or expected value of orders, contracts or programs 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.

LINK:	https://www.harris.com/press-releases/2016/06/us-navy-awards-harris-co...
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