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MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING The management of Harris Corporation (the “Company”) is responsible for establishing and maintaining adequate internal control over financial reporting as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended. The Company’s internal control over financial reporting is designed to provide reasonable assurance, based on an appropriate cost-benefit analysis, regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. The Company’s internal control over financial reporting includes those policies and procedures that: (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Management, with the participation of our Chief Executive Officer and Chief Financial Officer, assessed the effectiveness of the Company’s internal control over financial reporting as of July 1, 2011. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework. Based on management’s assessment and those criteria, management concluded that the Company maintained effective internal control over financial reporting as of July 1, 2011. Management excluded from its assessment of the effectiveness of the Company’s internal control over financial reporting the internal controls of CapRock Holdings, Inc. and its subsidiaries, including CapRock Communications, Inc. (collectively, “CapRock”), which the Company acquired during the first quarter of fiscal 2011; the internal controls with respect to the Schlumberger group’s Global Connectivity Services business, substantially all the assets of which the Company acquired during the fourth quarter of fiscal 2011 (“Schlumberger GCS”); and the internal controls of Carefx Corporation (“Carefx”), which the Company acquired during the fourth quarter of fiscal 2011. CapRock, Schlumberger GCS and Carefx are included in the fiscal 2011 consolidated financial statements of the Company. On a combined basis, as of July 1, 2011, total assets and net assets of CapRock, Schlumberger GCS and Carefx, excluding goodwill and identifiable intangible assets, constituted 3.8 percent and 5.1 percent of the Company’s total assets and net assets, respectively. On a combined basis, for the fiscal year ended July 1, 2011, revenue from CapRock, Schlumberger GCS and Carefx constituted 6.7 percent of the Company’s total revenue. Management will include the internal controls of CapRock, Schlumberger GCS and Carefx in its assessment of the effectiveness of the Company’s internal control over financial reporting for fiscal 2012. The Company’s independent registered public accounting firm, Ernst & Young LLP, has issued a report on the effectiveness of the Company’s internal control over financial reporting. This report appears on page 61 of this Annual Report on Form 10-K. 59
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM The Board of Directors and Shareholders of Harris Corporation We have audited the accompanying consolidated balance sheets of Harris Corporation as of July 1, 2011 and July 2, 2010, and the related consolidated statements of income, cash flows, and comprehensive income and equity, for each of the three years in the period ended July 1, 2011. Our audits also included the financial statement schedule listed in the Index at Item 15(2). These financial statements and schedule are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements and schedule based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Harris Corporation at July 1, 2011 and July 2, 2010, and the consolidated results of its operations and its cash flows for each of the three years in the period ended July 1, 2011, in conformity with U.S. generally accepted accounting principles. Also, in our opinion, the related financial statement schedule, when considered in relation to the basic financial statements taken as a whole, presents fairly in all material respects the information set forth therein. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Harris Corporation’s internal control over financial reporting as of July 1, 2011, based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated August 29, 2011 expressed an unqualified opinion thereon. Boca Raton, Florida August 29, 2011 60 /s/ ERNST &YOUNG LLP Certified Public Accountants
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harris corporation 2011 annual repo
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more than ever Businesses and gover
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ealigned segments focus on strategi
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fiscal 2011 highlights 7.19.10 $97
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usiness segments at-a-glance fiscal
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oard committees 1 Audit Committee 2
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HARRIS CORPORATION 2011 FORM 10-K
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Part I: Part II: Part III: HARRIS C
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Communications Solutions, Healthcar
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Networking Wideband Waveform (“AN
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performance-driven business model,
Page 23 and 24: fiscal 2011, we were awarded a four
Page 25 and 26: including risks relating to our U.S
Page 27 and 28: We are a major developer, supplier
Page 29 and 30: Competition We operate in highly co
Page 31 and 32: in fiscal 2011, $721 million in fis
Page 33 and 34: Additional information relating to
Page 35 and 36: We could be negatively impacted by
Page 37 and 38: • We may experience declines in r
Page 39 and 40: The outcome of litigation or arbitr
Page 41 and 42: ITEM 2. PROPERTIES. Our principal e
Page 43 and 44: Norfolk County Retirement System on
Page 45 and 46: PART II ITEM 5. MARKET FOR REGISTRA
Page 47 and 48: The following table sets forth info
Page 49 and 50: (5) Results for fiscal 2007 include
Page 51 and 52: Government Communications Systems:
Page 53 and 54: Over the longer term, DoD budgets a
Page 55 and 56: fiscal 2009. See the “Interest In
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Page 59 and 60: NETCENTS program. This revenue grow
Page 61 and 62: material issues with liquidity, alt
Page 63 and 64: time and from time to time during t
Page 65 and 66: aggregate principal amount of the d
Page 67 and 68: during fiscal 2011. As is customary
Page 69 and 70: effect on our statement of financia
Page 71 and 72: sufficient future taxable income, o
Page 73: ITEM 8. FINANCIAL STATEMENTS AND SU
Page 77 and 78: CONSOLIDATED STATEMENT OF INCOME 20
Page 79 and 80: CONSOLIDATED STATEMENT OF CASH FLOW
Page 81 and 82: NOTES TO CONSOLIDATED FINANCIAL STA
Page 111 and 112: ITEM 9. CHANGES IN AND DISAGREEMENT
Page 113 and 114: ITEM 12. SECURITY OWNERSHIP OF CERT
Page 115 and 116: (3)(a) Restated Certificate of Inco
Page 117 and 118: Company’s Quarterly Report on For
Page 119 and 120: *(10)(g)(i) Harris Corporation 1997
Page 121 and 122: *(10)(y) Harris Corporation Annual
Page 123 and 124: SCHEDULE II — VALUATION AND QUALI
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Name of Subsidiary HARRIS CORPORATI
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Exhibit 23 CONSENT OF INDEPENDENT R
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CERTIFICATIONS I, Gary L. McArthur,
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Exhibit 32.2 Certification Pursuant
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HARRIS CORPORATION 1025 West NASA B
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