MELBOURNE, Florida, February 4, 2009 — Harris Corporation (NYSE:HRS) reported revenue of $1.52 billion in its second quarter of fiscal 2009, an increase of 16 percent compared to $1.32 billion in the prior-year quarter.

GAAP net income decreased from $114.3 million, or $.83 per diluted share, in the prior-year quarter to a net loss of $38.6 million, or $.29 per diluted share, in the second quarter. The net loss includes a $182.5 million (after-tax and minority interest), or $1.37 per diluted share, non-cash charge for impairment of goodwill and other intangible assets of the company's 56 percent-owned subsidiary, Harris Stratex Networks, Inc. (NASDAQ:HSTX). As previously announced on January 7, 2009, it was determined that goodwill and other intangible assets initially recorded in connection with the combination of Stratex Networks, Inc., and the Harris Microwave Communications Division on January 26, 2007, were impaired as a result of the current global economic environment and the decline of its market capitalization. On December 8, 2008, Harris announced that it is evaluating strategic alternatives related to its ownership of Harris Stratex Networks.

Non-GAAP net income for Harris in the second quarter, excluding the impairment charge, increased 24 percent to $1.08 per diluted share. Non-GAAP net income in the prior-year quarter, excluding acquisition-related costs, was $.87 per diluted share. A reconciliation of GAAP to non-GAAP financial measures is provided in Tables 5 and 6 along with accompanying notes.

"We are very pleased with the strong year-over-year organic revenue growth and operating performance in the second quarter," said Howard L. Lance, chairman, president and chief executive officer. "Harris has a solid financial position with strong operating cash flow, allowing us to continue to invest for future growth."

RF Communications
Second quarter revenue in the RF Communications segment was $438 million, an increase of 23 percent compared to $357 million in the prior-year quarter. Operating income was $144 million, and operating margin was strong at 32.9 percent of revenue.

Revenue was modestly higher in the U.S. market and significantly higher in international markets. International revenue comprised 40 percent of total segment revenue in the second quarter, as compared to 27 percent for total fiscal 2008. International revenue growth was driven by major deliveries of tactical radio systems to the Philippines, Mexico, Iraq, Algeria, and Afghanistan.

Multi-year tactical communications modernization programs in international markets are expected to continue.

Total orders in the second quarter were lower than expected due to the delay of several large orders, which are now expected to book later in fiscal 2009 or early fiscal 2010. None of these orders were lost or canceled. In the DoD market, the transition of the new administration has created some delays as positions are filled and budgets are reviewed. In addition, DoD customers are in the process of establishing new contract vehicles necessary to procure the JTRS-approved Falcon III^® 117G manpack radios.

Significant new orders in the quarter were received from the U.S. Army and U.S. Marine Corps, as well as Norway, Algeria, and Singapore. The pipeline of new opportunities for tactical radios has increased compared to the prior year.

Following the close of the quarter, Harris received a $45 million contract from the government of the United Arab Emirates. The award is a follow-on contract to a multi-year series of procurements for Falcon radio products and systems and includes Falcon II^® radios, Falcon III high-capacity data radios (HCDRs), and tactical broadband global area network (BGAN) satellite communications terminals.

Adoption of the new Harris Falcon III multiband radios — both handheld and manpack — continued to gain traction in the marketplace. More than 65,000 JTRS-approved Falcon III radios have been delivered for U.S. combat operations worldwide.

Growing demand for Falcon III radios — both handheld and manpack — was also reflected in new U.S. orders totaling $85 million, which were received in the second quarter and early in the third quarter. Harris received Falcon III handheld orders (AN/PRC-152 and the vehicular-configured AN/VRC-110 radios and accessories) from the U.S. Army and U.S. Marine Corps, which are using the radios in multiple applications including MRAP (Mine Resistant Ambush Protected) vehicles. New orders for the latest Falcon III radio — the multiband manpack radio (AN/PRC-117G) — were received from the U.S. Special Operations Command, U.S. Air Force, and U.S. Marine Corps. The 117G is the first and only JTRS-approved wideband/narrowband networking tactical radio to be deployed by the U.S. Department of Defense. The radio enables data-intensive applications, bringing streaming video and situational awareness information to the battlefield.

Government Communications Systems
The Government Communications Systems segment reported second quarter revenue of $748 million, a 20 percent increase compared to $625 million in the prior-year quarter. Operating income in the second quarter was $85 million, an increase of 27 percent compared to $67 million in the prior-year quarter. Operating margin was a strong 11.4 percent in the quarter.

The Field Data Collection Automation (FDCA) program for the U.S. Census Bureau contributed significantly higher revenue in the second quarter, compared to the prior year, as a result of the delivery of computers and communications equipment, as well as additional program requirements. During the quarter, the FDCA contract was modified to include additional program requirements, bringing the total value of the program to approximately $800 million through December 2011.

Other revenue drivers included multiband satellite communications terminals for the U.S. Navy's Commercial Broadband Satellite Program, avionics shipments for the F-35 Joint Strike Fighter program, an IT services program for the Air Force Weather Agency, and several classified programs. Revenue decreases, compared to the prior-year quarter, resulted from the successful completion of the FAA Voice Switching and Control Systems (VSCS) refurbishment phase, completion of the MAF/TIGER database program for the Census Bureau, and a decline in commercial reflectors revenue.

During the quarter Harris was awarded new National Intelligence Programs with a combined value of approximately $300 million, including a $100 million order under a new five-year IDIQ (Indefinite Delivery Indefinite Quantity) contract to provide systems integration and IT services. Other key program wins in the quarter included a $37 million contract modification by the U.S. Navy Space and Naval Warfare Systems Command to supply multiband shipboard satellite communications terminals for the Arleigh Burke class of guided missile destroyers.

Also in the quarter, Harris completed the first phase for the U.S. Department of Health and Human Services' Nationwide Health Information Network (NHIN) CONNECT Gateway project. The customized software will enable seamless health information sharing among multiple federal agencies and regional healthcare providers. Healthcare enterprise information solutions is a new Harris growth initiative.

Broadcast Communications
Second quarter revenue in the Broadcast Communications segment was $163 million, flat compared to the prior-year quarter. Operating income in the second quarter of fiscal 2009 was $12 million and operating margin was 7.4 percent. Segment operating performance improved in the second quarter as a result of cost reduction actions taken over the past several quarters. In the prior-year quarter, operating income was $8 million, and non-GAAP operating income, excluding acquisition-related costs, was $10 million.

Sales of Transmission Systems increased in the quarter driven by the over-the-air digital TV transition in the U.S. and Brazil. Strong sales of Infrastructure and Networking Solutions and Media and Workflow software in international markets were more than offset by weak market demand in the North America market. Weak economic conditions in the U.S. have prompted many broadcast and media customers to delay capital spending.

Orders momentum slowed significantly in the U.S. market during the first half of fiscal 2009 and is expected to remain weak during the next several quarters. The outlook for international business is more positive, aided by several large project opportunities. Harris is benefiting from its recent investments to expand sales and marketing resources in international markets. During the quarter, the company received significant international orders for Harris ONE™ solutions from Qatar, Iraq, India, Australia, Lebanon, Turkey, Nigeria, Russia, Bulgaria, Slovenia, Italy, Germany, Belgium, Switzerland, and Mexico.

Harris Stratex Networks, Inc.
Harris Stratex Networks revenue for the second quarter was $191 million, an increase of 5 percent compared to $181 million in the prior-year quarter. The segment reported an operating loss of $292 million in the quarter as a result of a non-cash pre-tax charge of $301 million associated with the impairment of goodwill and other intangible assets, as discussed above. Excluding the charge, non-GAAP operating income was $10 million.

At the time of the combination that formed Harris Stratex Networks on January 26, 2007, Harris agreed to certain limitations on changes in its majority ownership prior to January 26, 2009. Harris announced on December 8, 2008, that it is evaluating strategic alternatives and expects to make an announcement during the third quarter related to its future ownership in Harris Stratex Networks.

Outlook
Harris has updated its fiscal 2009 guidance for revenue and GAAP earnings per share to reflect the expected disposition of Harris Stratex Networks prior to the end of the fiscal year and the exclusion of the business from continuing operations in fiscal 2009. Previous GAAP earnings guidance for fiscal 2009 was $4.05 to $4.15 per diluted share, including the expected results of Harris Stratex Networks. The updated guidance of $3.93 to $4.03 per diluted share in GAAP earnings from continuing operations excludes Harris Stratex Networks. Updated fiscal 2009 earnings guidance for continuing operations represents a year-over-year increase of 17 to 20 percent, compared to non-GAAP earnings from continuing operations in fiscal 2008 of $3.36 per diluted share. Revenue from continuing operations in fiscal 2009 is expected to increase by 8 to 9 percent compared to fiscal 2008. A reconciliation of GAAP to non-GAAP financial measures is provided in Table 7, along with the accompanying notes.

Harris will host a conference call today at 4:30 p.m. Eastern Time (ET) to discuss its second quarter fiscal 2009 financial results. The dial-in number for the teleconference is (913) 312-0400 and the access code is 4173577. Please allow at least 10 minutes prior to the scheduled start time to connect to the teleconference. Harris encourages you to listen via webcast, which will be broadcast live at www.harris.com/conference-call. A replay of the teleconference will be available beginning at 8:00 p.m. ET on February 4 and will run until midnight ET on Wednesday, February 11. To access the replay, please call (719) 457-0820, access code 4173577. A recording of the call will also be available on the Harris website beginning at 7:00 p.m. ET on Wednesday, February 4.

About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of $5.4 billion and 16,000 employees — including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications^® products, systems, and services. Additional information about Harris Corporation is available at www.harris.com.

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