Harris Corporation Updates EPS Guidance for Fiscal Year 2008

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MELBOURNE, Fla., Feb. 28 — Harris Corporation (NYSE: HRS) today announced that it expects non-GAAP earnings for fiscal year 2008 ending on June 27 to be at the lower end of its previous guidance range of $3.45 to $3.55 per diluted share, as a result of additional cost overruns on several commercial satellite reflector programs. The company expects to establish additional reserves of about $47 million in its fiscal third quarter in the Government Communications Systems segment to
cover costs related to redesign, rework and schedule delays.

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