2. Forward looking statements
Statements in this presentation that are not historical facts are 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. Forward-looking statements in this presentation include but are not limited to: anticipated timing of the
closing of the acquisition of Multimax and satisfaction or the conditions to closing, the impact of the acquisition on Harris fiscal
2008 earnings, earnings-per-share guidance for fiscal 2007 and 2008, and statements regarding revenue growth and outlook.
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. The Company's consolidated results and the forward-looking statements could be affected by many factors,
including but not limited to: our participation in markets that are often subject to uncertain economic conditions which makes it
difficult to estimate growth in our markets and, as a result, future income and expenditures; our dependence on the U.S.
government for a significant portion of our revenues, and the loss of this relationship or a shift in U.S. government funding could
have adverse consequences on our future business; potential changes in U.S. government or customer priorities due to
program reviews or revisions to strategic objectives, including termination of or potential failure to fund U.S. government
contracts; risks inherent with large long-term fixed-price contracts, particularly the ability to contain cost overruns; the
performance of critical subcontractors or suppliers; financial and government and regulatory risks relating to international sales
and operations, including fluctuations in foreign currency exchange rates and the effectiveness of our currency hedging
program; our ability to continue to develop new products that achieve market acceptance; the consequences of future geo-
political events, which may affect adversely the markets in which we operate, our ability to insure against risks, our operations
or our profitability; strategic acquisitions and the risks and uncertainties related thereto, including our ability to manage and
integrate acquired businesses; potential claims that we are infringing the intellectual property rights of third parties; the
successful resolution of patent infringement claims and the ultimate outcome of other contingencies, litigation and legal matters;
customer credit risk; the fair values of our portfolio of passive investments, which values are subject to significant price volatility
or erosion; risks inherent in developing new technologies; the potential impact of hurricanes on our operations in Florida and the
potential impact of earthquakes on our operations in California; the impact of the results of Harris Stratex Networks, which may
vary significantly and may be difficult to forecast; the ability to recruit and retain qualified personnel; and general economic
conditions in the markets in which we operate. Further information relating to factors that may impact the Company's results and
forward-looking statements are disclosed in the Company's filings with the SEC. Harris disclaims any intention or obligation,
other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future
events, or otherwise.
Investor Briefing, 2 June 2007
3. Business segment revenue mix
Harris Stratex
Government
Networks
Communications
15%
Systems
Broadcast
45%
Communications
14%
RF Communications
26%
Based on latest 12 months ended March 2007 pro forma revenue of $4.2B (including Harris Stratex Networks for the entire period). Reference non-GAAP
reconciliation on Harris Investor Relations website
Investor Briefing, 3 June 2007
4. Revenue trends
($ in millions)
+18-22%
$4,900-$5,100
+20%
Harris Stratex
~$4,170
Networks
+16%
Broadcast
$3,475
+19%
$3,001
RF Comm
$2,519
Government
Comm
Systems
FY04 FY05 FY06 FY07* FY08*
* Fiscal 2007 and 2008 guidance provided on May 31, 2007
Investor Briefing, 4 June 2007
5. Earnings per share trends
+19%
$3.28-3.38
+26%
$2.77-2.81
+47%
$2.22
+57%
$1.51
Non-GAAP
$.96
EPS*
FY04 FY05 FY06 FY07** FY08**
FY04 FY05 FY06 FY07 FY08
GAAP EPS $3.39-3.43 $3.21-3.31
$.92 $1.46 $1.71
* Reference non-GAAP reconciliation on Harris Investor Relations website ** Fiscal 2007 and 2008 guidance provided on May 31, 2007
Investor Briefing, 5 June 2007
6. Engineering R&D investments
Fiscal 2006 – $814 ($ in millions)
Government
Funded
$626 Internally
Funded
$188
$188
$137
$111
FY04 FY05 FY06
Investor Briefing, 6 June 2007
7. Major new product introductions
Falcon® III MB
Falcon® Secure
SINCGARS alternative
Personal Role
Radio
Falcon® III manpack SecNet® 54 Secure
and high-capacity Wireless LAN
data radios
Falcon® III
MB handheld
FlexStar™ HD
radio exciter TRuepoint™ 6000
NEXIO™ video server Microwave radio
HD master control
Mobile TV
CENTRIO™ Multi-viewer MPEG-4 HD Encoder Platinum router transmitter
Investor Briefing, 7 June 2007
8. Increasing new product revenue
Percent of
Revenue
revenue
$800M 40%
Total product revenue
% 35
New product revenue
600 30
25
400 20
15
200 10
5
0 0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Fiscal 2007
Fiscal 2006 Projected
New products defined as products introduced within past 3 years
Investor Briefing, 8 June 2007
9. Current financial position
• Excellent liquidity
– $523 million in cash, cash equivalents and short-term investments at end of
third quarter
– $525 million in unused credit facilities (Harris Stratex $25 million)
– Universal shelf in place with no limitations as to amounts
we can raise
– Cash flow from operations for fiscal 2007 is expected to exceed
$450 million
• Strong balance sheet
– Total-debt-to-total-capital ratio of 27%
– Debt ratings at BBB+/Baa2
• Increased dividend
– Quarterly dividend is currently $.11 per share
• $600 million stock repurchase announced May 1, 2007
Investor Briefing, 9 June 2007
10. Harris Government businesses
Aviation electronics
Communications and
information networks
Space and ground
SATCOM systems
Intelligence, surveillance,
Mission operations and
and reconnaissance
support services
Tactical radio communications
Investor Briefing, 10 June 2007
11. Diverse government customer base
Dept of Defense
International
• Army
• over 100 countries
• Navy
• Marine Corps
• Air Force Products Intelligence
• National Guard
agencies
• NSA
• NRO
• NGA
Systems • Other
classified
Technical
Services
• NRO
Civil agencies
• Air Force
• FAA
• Naval Research Labs
• Census Bureau
• Dept of State
• NOAA
• Postal Service
• Gov’t Printing Office
• Dept of Health & Human Services
• Dept of Justice
Based on latest 12 months ended March 2007 revenue of $3B for the Harris Government businesses
Investor Briefing, 11 June 2007
12. Driving revenue growth and diversity in
Government Communications Systems
$1.9B
DoD
Intelligence
agencies
$904M
DoD
Technical Services
Intelligence
agencies
Technical Services Civil agencies
Civil agencies
12 months 12 months
ended 3/30/02 ended 3/30/07
Investor Briefing, 12 June 2007
13. Program diversity — over 300 programs
(LTM revenue $ in millions)
No single program represents more than 9% of revenue in
Government Communications Systems
180
Top 15 programs
160
140
120
100
80
60
40
20
0
Intelligence Agencies Department of Defense
Civil Agencies Technical Services
Investor Briefing, 13 June 2007
14. Government Communications Systems
program diversity — over 300 programs
Civil Department of Defense Technical Services
FAA Telecommunications F/A 35 Joint Strike Fighter (JSF); National Reconnaissance Office
Infrastructure (FTI); Mission F/A 22 Raptor; F/A 18 E/F Super Hornet (NRO) operations, maintenance,
Support; Satellite Network and support (Patriot)
Multi-functional Information Distribution
FAA Voice Switching and Control System (MIDS) Air Force 50th Space Wing
System (VSCS)
Operational Space Services and
Large Aperture Multiband Deployable
FAA Weather and Radar Processing Support (OSSS)
Antennas (LAMDA)
(WARP)
Air Force 50th Space Wing Mission
Multiple Launch Rocket System (MLRS)
NGA mapping, imagery Communication Operations and
Multi-band Shipboard SATCOM Terminal Maintenance (MCOM)
U.S. Census Bureau databases
(MSSCT)
(MAF/TIGER)
DISA Crisis Management System
U.S. Census Bureau Field Data Advanced Extremely High Frequency (CMS)
Collection Automation Program Navy Multi-band Terminal (AEHF) *
(FDCA) U.S. Department of State, Bureau of
Hawklink Common Data Link (LAMPS)
Consular Affairs modernization
Geostationary Operational
and support
Environmental Satellite System
(GOES-R) *
Intelligence Programs (classified)
* Down-select follows development phase.
Investor Briefing, 14 June 2007
15. Growth strategies
• Build on success in core markets – avionics,
data links, space antennas and electronics,
communications networks, database and image
processing, wireless products, mission IT services
• Continue customer diversification – leverage
capabilities into new civilian agencies with secure
communications and information technology needs
• Win major positions on key IDIQ contracts
• Leverage synergies with RF Communications –
systems technologies and products for selective
pursuits in international markets
Investor Briefing, 15 June 2007
16. Acquisition of Multimax — excellent
financial rationale
Multimax is a leading provider of mission-critical communications
and IT network systems and services for U.S. government
• Acquiring Multimax for $400 million in cash; funded through existing $500M
credit facility with long-term debt financing put into place post-closing;
expected to close prior to Harris fiscal year end June 29, 2007
• Track record of strong revenue growth and excellent profitability
– Latest 12 months pro forma revenue and EBIT of $315 million and
$55 million, respectively
• Contributes double-digit revenue growth at operating margins that are
above the Government Communications Systems segment ROS
• Adds by $.08 per diluted share earnings accretion in fiscal year 2008,
excluding acquisition-related charges
Investor Briefing, 16 June 2007
17. Acquisition of Multimax — excellent
strategic rationale
• Capitalizes on U.S. government market trend for increased outsourcing of
IT systems and communications networks support services
• Adds experienced management team and workforce
– 1,100 employees; primarily located at customer sites, providing strong
relationships and access to new opportunities
– Majority with IT technical certifications
– 85% have security clearances
– Excellent track record of meeting service-level commitments
• Complements existing Harris services business, providing greater scale
– Creates $700 million revenue base and combined workforce of more than 3,000
• Broadens customer list
– New DoD customers within Air Force, Army and Navy, including services to key
bases such as Wright Patterson AFB, Gunter AFB, and Ft. Monmouth Army base
– Department of Homeland Security and Department of Veterans Affairs
• Provides excellent growth opportunities through Multimax’s prime positions
on large Government-Wide Acquisition Contracts (GWACs)
Investor Briefing, 17 June 2007
18. Acquisition of Multimax – key contracts
and customers
• The NETCENTS program for the U.S. Air Force, a procurement
vehicle for network-centric information technology with a $9
billion ceiling (Prime contract)
• The ITES-2S program for the U.S. Army, a procurement
vehicle for information technology enterprise solutions with a
$20 billion ceiling (Prime contract)
• The EAGLE program for the Department of Homeland
Security, a procurement vehicle for systems and services,
with a $45 billion ceiling (Prime contract)
• The FirstSource program for the Department of Homeland
Security, a procurement vehicle for products with a $3 billion
ceiling (Prime contract)
• The Navy Marine Corps Intranet (NMCI) program providing a
full range of network-based voice, video and data
communications on a single, enterprise-wide Intranet (sub-
contract to EDS)
• The Network Enterprise program for the U.S. General Services
Administration (GSA), a procurement vehicle for over 135
government agencies (sub-contract to Level 3).
Investor Briefing, 18 June 2007
19. Acquisition of Multimax – locations
Alaska
Hawaii
HQ
Offices
Employees
Service area
with 4-hour
maximum to
respond
Network services support more than 800,000 users at 3,800 locations
Investor Briefing, 19 June 2007
20. Principal products
• Tactical radios
– Interoperable Falcon® II,
software-defined tactical radios
• HF, VHF, UHF, and multiband –
manpack, handheld and vehicular
– Falcon® III multiband, multi-mission
radios
• JTRS SCA compliant multiband
handheld and manpack radios and
secure personal radio with wideband
networking capability
• Cryptographic solutions
– NSA-recognized leaders in
embedded encryption
• Sierra™, Citadel®
– Core differentiator and
competitive barrier
Investor Briefing, 20 June 2007
21. Global ground tactical radio
market leadership
All Others
Harris
Raytheon
33%
General Dynamics
ITT
Thales
Rohde & Schwarz
Tadiran
Harris market share increased from 27% in CY2005
to 33% in CY2006 in a market that grew 23%
Harris market share estimates based on calendar year 2006 ground-based, global tactical radio market of $2.7B compared to $2.2B in the prior year.
Investor Briefing, 21 June 2007
22. Key differentiators
• Successful “commercial” business model
– Anticipate market needs and design to
military standards
– Ready-to-ship, off-the-shelf products for both U.S. and
international customers
– Primarily use internal R&D resources to create leading-
edge products
• Technical leadership
• Outstanding field service and support
• World-class international distribution channels
supporting historically strong and growing
international position
• Global strength — strong positions in both U.S.
and international markets
Investor Briefing, 22 June 2007
23. Ongoing growth drivers
• Modernization and expansion of
tactical communications capability
– Expanded mobility
– Broader command, control and communications
required at lower levels
– DoD funding continues to place high priority
on investment in tactical communications
• Expanding International modernization
opportunities
– Pakistan, Mexico, Algeria, Iraq, UAE, Australia
• Falcon III JTRS certified radios creating
additional demand
– We are JTRS!
• Doubling addressable markets to $6B by
entering into new growth areas with new
products
Investor Briefing, 23 June 2007
24. Near-term U.S. DoD opportunities
total more than $3B
HF and Multiband, Multimission Radio
HF and multiband expansion,
Mine Resistant Ambush Protected vehicle
follow-on (MBMMR) and tactical handheld
SINCGARS alternative for U.S. Army
(MRAP) program
radios for the Marine Corps
JTRS Handheld Radio Program and TACP DoD-wide HF radio procurement DoD-wide competitive procurement for
modernization for the U.S. Air Force contract for the U.S. SOCOM JTRS handheld radios (CISCHR)
Investor Briefing, 24 June 2007
25. Near-term international opportunities
total more than $1.5B
Europe Central Asia
• UK MOD • Pakistan Army
• Netherlands Army • Pakistan Frontier Corps
• Netherlands Air Force • Georgia MOD
• Romania MOD
Middle East and Africa
• Algeria MND
+
• Algeria Gendarmerie
• UAE SOC
• Saudi SANG
• Kenya MOD
+
• Iraq National Army
Latin and Central America
• Mexico Army
• Mexico Navy Asia Pacific
• Chile Army • Philippines MOD
• Chile Air Force • Australia Army
• Chile SOF • Indonesia MOD
Investor Briefing, 25 June 2007
26. Falcon III
• Builds on the success of Falcon II and fulfills tomorrow’s promise of JTRS today
• Next-generation multiband, multimission platform
• Handheld, manpack, vehicular, high-capacity data radio, soldier radio
• Designed for today’s legacy interoperability needs and tomorrow’s
data networking requirements
• Supports transformation to true network-centric operations
• Certified by the JTRS Joint Program Executive Office (JPEO),
a significant endorsement in the marketplace
• Gaining significant market traction!
– AN/PRC-152 multiband handheld and vehicular AN/VRC-110
version are in high volume production
– Fielded with great success – over 15,000 units shipped
– In service with U.S. Army, Air Force, Navy, other
government agencies, Australia and NATO countries
– Demonstrated ease of upgradeability with new waveforms
– Successful manpack and international soldier radio
product launches
– Networked soldier radio prototype demonstrated
• Advanced capability
– JTRS SCA compliant architecture
– Extends frequency range from 512 MHz to 2 GHz
– Significant reduction in weight and size
– Adds wideband secure networking
– Secure interoperability with First Responders
– Programmable encryption – NSA certified
Investor Briefing, 26 June 2007
27. Tactical radio products
competitive landscape
Domestic International
HF VHF Multiband HF VHF Multiband
SPR HCDR HCLOS SPR HCDR HCLOS
MP MP/HH MP HH MP MP/HH MP HH
HARRIS
Falcon II
Falcon III
Thales
ITT
Raytheon
Tadiran
Selex
Rohde &
Schwarz
Investor Briefing, 27 June 2007
29. Falcon III is changing the game
• Legacy SINCGARS radios only provide
single-mode, short-range, line-of-site
communications
SINCGARS
Legacy
SINCGARS
Investor Briefing, 29 June 2007
30. Falcon III is changing the game –
Multiband, Multimission
• Legacy SINCGARS radios support only a single
mode
TACSAT
Ground-to-air
• Falcon III multiband, multimission radios
provide multimode interoperability:
– Ground-to-ground SINCGARS SINCGARS
– Ground-to-air Easy
dismount
– Long range tactical satellite
– Easy vehicle dismount – mobility
– Interoperability to legacy radios
• Software upgradeable to incorporate new
waveforms as developed
– Examples:
• APCO P25 first responder
interoperability
FALCON III
• Search & rescue functionality
AN/VRC-110
• Other wideband networking
waveforms
First responders
Search & rescue
Falcon III addresses the full range of mission requirements today with the
upgrade capability to address the requirements of the future
Investor Briefing, 30 June 2007
31. Expanding the addressable market
$6.0B
Harris core tactical radio addressable market size
Addressable market expansion – Falcon III International
Systems
Further addressable market expansion & Programs
Portable
SATCOM
COMSEC
Terminals
High-Capacity LOS
Falcon Watch Sensor
High-Capacity Data Radio
Secure Personal Radio
$2.7B
VHF
SINCGARS
VHF
SINCGARS
MB Handheld
MB Handheld
$1.6B
VHF Other
VHF Other
VHF Other
MB Manpack
MB Manpack
MB Manpack
HF
HF
HF
UHF UHF UHF
Addressable CY05 Addressable CY06 Addressable potential
Investor Briefing, 31 June 2007
32. Harris Stratex Networks
• Provider of wireless transmission
network solutions
– Transport, access, and carrier-grade Ethernet
microwave systems
– Nodal processors
– Network management solutions
– Turnkey field services
• Global customer base
– Mobile & fixed wireless operators
(cellular, GSM, 3G/UMTS, WiMAX)
– Government agencies
– Public utility and transportation companies
– State and local government and public
safety providers
– Wireline operators
– Enterprise networks
Investor Briefing, 32 June 2007
33. Combination offers compelling
strategic and financial rationale
• Creates significantly greater scale — the largest independent provider
of wireless transmission network solutions
– #4 globally and #1 in North America
• Delivers complementary global distribution channels and significantly
expanded customer footprint
• Serves a large market with expected strong growth over next five years
• Offers customers an unmatched end-to-end product portfolio
• Offers expected annual savings of approximately $35M through
product costs and operating expenses
• Creates a larger, highly relevant, and more competitive company
– Stronger financial performance potential
– Greater financial capacity
– Product leadership
– Ability to serve adjacent markets
Positioned to deliver double-digit growth and margin expansion
Investor Briefing, 33 June 2007
34. Market leadership
World’s largest independent supplier of
wireless transmission network solutions
North American market
Ot he rs 7 %
Others
Harris Stratex 48%
Harris Stratex 48%
T Tadiran %
a dira n 4
C Ceragon %
e ra go n 5
NEC
N ec 12 %
Global market
OOthers8 %
t he rs
Fujitsu
F ujit s u 1%
Harris Stratex 15%
Stratex 15%
E lt Eltek-Nera %
e k - N e ra 7
Alcatel
A lc a t e l 2 6 %
N ENEC %
C 13
E ric s s o n 2 3 %
Ericsson
Nokia-Siemens
N o k ia - S ie m e ns 16 %
A Alcatel17 %
lc a t e l
Investor Briefing, 34 June 2007
35. Revenue by region
($ in millions)
Europe/Middle East /Russia
North America
$141
$210
Asia/Pacific
$57
Africa
$199
Latin America
$41
• #1 in North America
• #2 in Middle East and Africa
• #4 Globally
Based on revenue of $656 million for the 12 months ended March 2007
Investor Briefing, 35 June 2007
36. Growth strategies
• Focus on execution of the business plan – deliver
cost reduction synergies, focus on customers, stabilize
the organization
• Capitalize on North America leadership position –
exploit Federal and state recapitalization opportunities,
2GHz spectrum relocation, and increasing capacity
requirements by operators
• Increase international penetration – leverage new
products and expanded sales channels to penetrate
major regional players
• Increase turn-key solutions offering –
network design, engineering services, deployment and
implementation
Investor Briefing, 36 June 2007
37. Broadcast Communications
Video Infrastructure &
Digital Media
(Leitch, Aastra) – servers,
graphics, test &
measurement, routing,
networking
Software Solutions to
manage broadcast and
media workflow (Encoda,
OSi) – traffic, billing,
automation and video
asset management
Transmission –
Combination of TV and
radio businesses
Investor Briefing, 37 June 2007
38. Harris workflow capabilities
Harris workflow can take you
from start to finish Transmission
Automation
Control & monitoring
Channel release
Test & measurement
Core processing
Networking & routing
Broadcast graphics
Newsrooms & editing
Media management
Ingest
Scheduling
Sales
Investor Briefing, 38 June 2007
39. ONE company along the broadcast
chain — Harris complete approach
Investor Briefing, 39 June 2007
40. Broadest offering in the market
Video Distribution Systems
TV & Radio
Software Transmitters
Digital Media Video & Networking
News Post- Branding/ Storage/ Video Video Signal Manage/
Traffic Automation
Production Graphics Servers Distribution Processing Mgmt/T&M Ingest
Harris
Avid/Pinnacle
Thomson
Grass
Valley/Thales
Tektronix
Sony Broadcast
Miranda
Evertz
Omnibus
Investor Briefing, 40 June 2007
41. Revenue mix
$606M
Infrastructure
Digital Media
$287M
Infrastructure Software
Software
Transmission
Transmission
Fiscal 04 12 months
ended March 2007
Investor Briefing, 41 June 2007
42. New consumer services…
Global HDTV households by service
In millions
25
20
15
10
5
Investor Briefing, 42 June 2007
43. drive technology spending…
Global broadcast technology revenue projections
In billions
$8
$7
$6
$5
$4
$3
$2
$1
Investor Briefing, 43 June 2007
44. in which we participate fully…
Global broadcast technology revenue by segment
Total market size: $12B
Available to Broadcast Communications: $5.8B
Source IABM
Investor Briefing, 44 June 2007
45. and capitalize through ONE company
approach…
Example 1: HD conversion costs for typical station in the U.S.
$4M
$3.3M
Other
3 Monitoring/distribution
Production/routingswitcher
HD production server &
graphics
2
Non-linear editing
$1.3M
Other
HD tape machinery
Cameras
1 Systems integration
Encoder upgrade
Software
Automation/Traffic
Hardware
HD playout server Systems
Switches/Routers/Monitoring
0
HD Master Control HD Production Studio
Available to
Broadcast Communications $0.9M $1.8M
≈ 10%
Stations HD capable <15%
Investor Briefing, 45 June 2007
46. Services innovation
Technology innovation
ONE face to the customer
ONE supplier of integrated
ONE approach for order fulfillment
workflow solutions
ONE number to call for
ONE supplier of integrated service and support
signal flow solutions
ONE resource for technical
expertise and envisioning
Investor Briefing, 46 June 2007
47. Growth strategies
• Exploit Digital & HD leadership – end-to-end new
product solutions for production studio, master
control, infrastructure and digital media investments,
mobile TV, IPTV, HD Radio
• Deploy next-generation workflow software –
replace legacy applications with integrated traffic,
billing, scheduling, and advertising applications
across an open platform architecture
• Integrate content delivery solutions – offer HD
content transport and digital video asset
management solutions
Investor Briefing, 47 June 2007
