Harris Corporation Awarded $15 Million Submarine Sensor Contract

MELBOURNE, Fla.
July 22, 2015

Highlights:

  • Providing acoustic sensors for U.S. Navy's Virginia-class submarines
  • Sensors improve tracking accuracy
  • Similar systems already used on 18 of Navy's newest and most capable submarines

MELBOURNE, Fla., July 22, 2015 — Harris Corporation (NYSE: HRS) has been awarded a $15 million follow-on contract to manufacture, test and deliver acoustic sensors for the Light Weight Wide Aperture Array (LWWAA) system, installed on the U.S. Navy's 10 Virginia-class submarines.

The Harris acoustic module assemblies help the LWWAA system provide data to the submarine's combat system, enabling accurate tracking of ships and submarines. This improves situational awareness of the movement of friendly and hostile forces underwater. The sensors are housed in a conformal package that mounts to the submarine hull.

"These latest systems will join the 18 ship sets the company has already supplied for the Navy's newest and most capable submarines," said Jim Brunelle, director, Harris Undersea Systems business. "Harris' solutions protect our forces operating at sea and provide the situational awareness they need to succeed in their critical missions."

Harris will provide the systems to Northrop Grumman Corporation, prime contractor on the program. Deliveries under the contract are expected to start in September 2015 and complete by December 2019. Harris has been a supplier of undersea warfare systems to the U.S. Navy and allies worldwide for more than 60 years. The company produces a range of technologies for maritime platforms and environments, including electronic warfare systems, naval command and control technology, sonar systems, data link systems and acoustic sensors for military and commercial use.

About Harris Corporation
Harris provides advanced, technology-based solutions that solve government and commercial customers' mission-critical challenges. The company has approximately $8 billion in annual revenue and about 23,000 employees — including 9,000 engineers and scientists — supporting customers in more than 125 countries. Learn more at harris.com.

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Contact Information:

Carolyn Camp
Harris Electronic Systems
carolyn.camp@harris.com
973-284-5400

Jim Burke
Harris Corporation
jim.burke@harris.com
321-727-9131

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Forward-Looking Statements
This press release contains forward-looking statements that reflect management's 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 expected value of the program to Harris 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.