Harris Corporation Wins $40 Million Air Force Satellite Control Network Contract Extension

The United States Air Force has awarded Harris Corporation (NYSE:HRS) a $40 million nine-month extension of the Network and Space Operations and Maintenance contract to support the Air Force Satellite Control Network at two network control locations in the U.S. and at antenna sites throughout the world. The contract was awarded during the first quarter of Harris’ fiscal 2016.

Under the contract, Harris will provide operations, maintenance and logistics support to Air Force satellite operations at the 50th Space Wing at Schriever Air Force Base, Colorado, and other worldwide locations, including Colorado Springs, Colorado; Vandenberg Air Force Base, California; Diego Garcia Station; Guam Tracking Station at Andersen Air Force Base; Hawaii Tracking Station at Kaena Point; New Boston Air Force Station, New Hampshire; Eastern Vehicle Checkout Facility, Cape Canaveral Air Force Station, Florida; and Thule Tracking Station, Thule Air Base, Greenland.

“We have helped the 50th Space Wing provide critical information to decision makers and those on the front line reliably and cost effectively for more than 19 years,” said Wayne Lucernoni, president, Harris Mission Sustainment. “The Air Force Satellite Control Network is crucial to our national security, and Harris is committed to providing mission excellence.”

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.

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.

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