Harris Corporation Awarded $212 Million F/A-18 Electronic Warfare System Contract

Highlights:

Provides highly reliable electronic warfare technology for aircraft safety and mission success

Continuous modernization has helped to keep naval aviators ahead of emerging threats

Recognized for 100 percent on-time delivery over 21-year, $2 billion partnership

Harris Corporation (NYSE:HRS) has been awarded a $212 million contract modification to supply the next production lot of electronic jammers to protect U.S. Navy and Foreign Military Sales F/A-18 Hornet and Super Hornet aircraft against electronic threats. The contract, which represents the largest order on the program to date, was received during the third quarter of Harris fiscal 2019.

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 August 2022. The Harris ALQ-214A(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.

The award continues Harris' 21-year partnership with the Navy and perfect on-time delivery record over the life of the IDECM program. The company has received $2 billion in awards to date from the Naval Air Systems Command for AN/ALQ-214 development and production.

Our commitment to continually modernize IDECM has helped to keep naval aviators ahead of emerging threats and out of harm's way, said Ed Zoiss, president, Harris Electronic Systems. The flawless delivery record to the Navy over the past two decades is a remarkable achievement and a reflection of the dedication and hard work of the Harris EW team.

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/2019/04/harris-corporation-award...
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