Harris Stratex Under Review

RESEARCH TRIANGLE PARK, N.C. -- Harris Stratex Networks, Inc. (NASDAQ: HSTX), a leading specialist in backhaul solutions for mobility and broadband networks, announced that Harris Corporation (NYSE: HRS) is evaluating strategic alternatives to reduce its majority ownership in the company.

Harris currently owns 56 percent of Harris Stratex Networks, which was formed January 26, 2007, through the combination of the Harris Microwave Communications Division and Stratex Networks, Inc. We recognize that the future relationship is subject to review based on the strategic fit of the two companies. With the new strategic growth plan established by Harris Stratex, both companies recognize they are addressing different markets with different business models.

“Over the past two years, we have established ourselves as a global leader in our focus markets,” said Harald Braun, Harris Stratex Networks president and CEO. “We have made significant changes and investments in both our organizational structure and product offering, with an emphasis on leading-edge IP solutions. These technology advancements have enabled us to expand our global customer base and increase revenues year-over-year. Going forward, we are confident that we are well positioned to execute on our plan.”

Harris Corp. (NYSE: HRS)

Harris Stratex Networks Inc. (Nasdaq: HSTX)