Lockheed Martin has selected Harris Corporation (NYSE:HRS) to upgrade mission system avionics for the F-35 Lightning II as part of the Technology Refresh #3 (TR3) program, significantly boosting the aircraft's data storage, display processing and throughput capabilities. The announcement was made during the International Paris Air Show being held June 19-25 in Le Bourget. Harris will provide the Aircraft Memory System (AMS) and Panoramic Cockpit Display Electronic Unit (PCD EU), which are based on open architecture and commercial-off-the-shelf (COTS) technology. The AMS provides solid-state mass storage capability for the F-35 aircraft avionics subsystems. It is the repository for avionics operational flight programs, mission and theater data, prognostics and health data, audio, display video, and aircraft parametric data. The PCD EU provides processing for the panoramic head-down display in the cockpit. "The new TR3 electronics pave the way for system upgrades well into the future," said Ed Zoiss, president, Harris Electronic Systems. "Open systems are the future of avionics and Harris is investing substantial R&D to develop these solutions. These awards affirm the military's approach to open systems architecture and Harris' commitment to delivering more affordable, higher performance solutions than would have been possible using proprietary technology." The technology development phase will begin in June 2017, followed by a system qualification phase in early 2019, and a subsequent 5-year production contract phase. Harris avionics and ruggedized open systems mission processing technology already support the F-35, F-22, and F/A-18. About Harris Corporation Harris Corporation is a leading technology innovator, solving customers' toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports government and commercial customers in more than 100 countries and has approximately $6 billion in annual revenue. The company is organized into three business segments: Communication Systems, Space and Intelligence Systems, and Electronic Systems. Learn more at harris.com. Forward-Looking Statements 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 value or expected value of orders, contracts or programs are forward-looking and involve risk and uncertainties. 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.