Harris Corporation Increases Quarterly Dividend
MELBOURNE, Florida, August 28, 2006 — The Board of Directors of Harris Corporation (NYSE:HRS) has increased the quarterly cash dividend to 11 cents per share, compared to the previous quarterly dividend of 8 cents per share. This dividend is payable September 15, 2006, to shareholders of record September 6, 2006.
“We are delighted to announce this increase in our quarterly dividend,” said Howard L. Lance, chairman, president, and CEO. “Our financial performance for fiscal year 2006 was excellent, and we concluded the year with a record quarter for revenue, orders, and net income, and an improved outlook for each business segment.”
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. With headquarters in Melbourne, Florida, the company has annual sales of $3.5 billion and nearly 14,000 employees — including more than 6,000 engineers and scientists — dedicated to the development of best-in-class assured communications™ products, systems, and services. The company’s operating divisions serve markets for government communications, RF communications, broadcast communications, and microwave communications. Additional information about Harris Corporation is available at www.harris.com.
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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 our expected financial performance are forward-looking and involve risks and uncertainties. Other factors that may impact the company’s results and forward-looking statement may be disclosed in the company’s filings with the SEC. 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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