Harris Corporation Finalizes Acquisition of Lucent Technologies' Point-to-Point Microwave Business.

Business Editors/Technology Writers

MELBOURNE, Fla.--(BUSINESS WIRE)--July 5, 2000

Harris Corporation (NYSE: HRS), a leading international manufacturer of communications equipment, today announced the completion of its previously announced purchase of TRT Lucent Technologies microwave radio business unit. In connection with the purchase, Harris and Lucent have entered into a five-year preferred supplier agreement in which Harris will supply point-to-point microwave products worldwide for Lucent's wireless divisions.

Harris acquires Lucent's point-to-point microwave radio business, including TRT Lucent's Microwave Digital Link (MDL) product line, which covers the 2 to 38 GHz frequency bands and is ETSI (European Telecommunications Standards Institute) compliant. In addition, Harris and Lucent have signed a joint development agreement that targets future generations of point-to-point microwave radios.

With the completion of the sale, the microwave radio business unit of TRT Lucent Technologies will be located just outside Paris in Chatenay-Malabry, Hauts de Seine and is now called Harris Communication SA, a part of Harris' Microwave Communications Division. Approximately 50 TRT Lucent employees will join the Harris team to design, develop, market, sell, and support Harris' extended family of microwave radio products. Lucent will retain its manufacturing personnel and facility in Rouen, France, and will continue to manufacture the MDL product line for Harris.

"This acquisition makes Harris a much more prominent player in Europe's high-stakes communications marketplace," said Michel Guay, managing director, Harris Communication. "We're intent on building a very influential presence here as a way of growing our worldwide leadership in the delivery of microwave radio solutions. Both the preferred relationship and the acquisition strengthen our competitive position in Europe, as well as the Middle East and Africa, and reflect our commitment to growing Harris' microwave business."

Harris Corporation (NYSE: HRS) is an international communications equipment company focused on providing product, system, and service solutions that take its customers to the next level. The company provides a wide range of products and services for commercial and government communications markets such as wireless, broadcast, government, and network support. The company has sales and service facilities in nearly 90 countries. Additional information about Harris Corporation can be found at http://www.harris.com.

Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and delivers the systems, software, silicon and services for next-generation communications networks for service providers and enterprises. Backed by the research and development of Bell Labs, Lucent focuses on high-growth areas such as optical and wireless networks; Internet infrastructure; communications software; communications semiconductors and optoelectronics; Web-based enterprise solutions that link private and public networks; and professional network design and consulting services. For more information on Lucent Technologies, visit its Web site at http://www.lucent.com.

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 impact of the transaction on Harris' business and its microwave business are forward-looking and involve risks and uncertainties. Other factors that may impact the company's results and forward-looking statements 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.