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August 10th, 2017
Harris Corporation Delivers Navigation Payload for Third Lockheed Martin GPS III Satellite

MELBOURNE, Fla. -Harris Corporation (NYSE:HRS) has delivered the third of 10 advanced navigation payloads to Lockheed Martin (NYSE: LMT), which will increase accuracy, signal power and jamming resistance for U.S. Air Force GPS III satellites.

The advanced navigation payloads feature a Mission Data Unit (MDU) with a unique 70-percent digital design that links atomic clocks, radiation-hardened computers and powerful transmitters – enabling signals three times more accurate than those on current GPS satellites. The new payloads also boost satellite signal power, increase jamming resistance by eight times and help extend the satellite’s lifespan.

The payload is expected to be integrated into GPS III Space Vehicle 3 (GPS III SV03) this summer. In May, Harris’ second GPS III navigation payload was integrated into GPS III SV02. The first navigation payload is integrated aboard GPS III SV01, which has now completed rigorous testing and is in storage awaiting its expected 2018 launch.

“We are now in full production and on target to deliver the fourth GPS III navigation payload to Lockheed Martin this fall,” said Bill Gattle, president, Harris Space and Intelligence Systems. “Our payloads help U.S. and allied soldiers complete their missions, enable billions of dollars in commerce and benefit the everyday lives of millions of people around the world.”

Harris has a long legacy of expertise in creating and sending GPS signals, extending back to the mid-‘70s – providing navigation technology for every U.S. GPS satellite ever launched. Harris is also developing a fully digital MDU for the U.S. Air Force’s GPS III Space Vehicles 11+ acquisition. This new MDU will be demonstrated in fall 2017 and provides even greater flexibility, affordability and accuracy versus existing GPS satellites.

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 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 payload capabilities and future payload deliveries 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.