HARRIS CORPORATION (NYSE:HRS) Files An 8-K Results of Operations and Financial Condition

Item 7.01 Regulation FD Disclosure.

The information contained in this Current Report on Form 8-K that
is furnished under this Item 2.02 and 7.01, including the
accompanying Exhibit 99.1, is being furnished to Item 2.02 and
7.01 of Form 8-K and shall not be deemed to be filed for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended
(the Exchange Act), or otherwise subject to the liability of that
section. The information contained in this Current Report on Form
8-K that is furnished under this Item 2.02 and 7.01, including
the accompanying Exhibit 99.1, shall not be incorporated by
reference into any filing under the Securities Act of 1933, as
amended, or the Exchange Act, whether made before or after the
date hereof, except as shall be expressly set forth by specific
reference in such a filing.

On May 3, 2017, Harris Corporation (Harris) issued a press
release announcing, among other things, its results of operations
and financial condition as of and for its third quarter of fiscal
2017. The press release also updated Harris guidance range
regarding expected net income per diluted share for fiscal 2017,
on generally accepted accounting principles (GAAP) and non-GAAP
bases, and its guidance regarding expected revenue for fiscal
2017. The full text of the press release and related financial
tables is furnished herewith as Exhibit 99.1 and is incorporated
herein by reference.

Non-GAAP Financial Measures

The press release includes a discussion of non-GAAP financial
measures, including (i) income from continuing operations and
income from continuing operations per diluted share for the third
quarter of fiscal 2017 and the third quarter of fiscal 2016, in
each case excluding Exelis acquisition-related and other charges;
(ii) free cash flow for the third quarter of fiscal 2017,
excluding cash flow for net capital expenditures; (iii) the
revenue comparison for Harris and the Electronics Systems segment
for the third quarter of fiscal 2017 on an organic basis,
excluding revenue in the third quarter of fiscal 2016
attributable to the Aerostructures business divested in the
fourth quarter of fiscal 2016; (iv) the guidance range for
expected income from continuing operations per diluted share for
fiscal 2017, excluding Exelis acquisition-related and other
charges; (v) the expected percentage change in revenue for Harris
for fiscal 2017 on an organic basis, excluding revenue in fiscal
2016 attributable to the Aerostructures business divested in the
fourth quarter of fiscal 2016; and (vi) expected free cash flow
for fiscal 2017, excluding cash flow for net capital
expenditures. A non-GAAP financial measure is generally defined
as a numerical measure of a companys historical or future
performance that excludes or includes amounts, or is subject to
adjustments, so as to be different from the most directly
comparable measure calculated and presented in accordance with
GAAP. The non-GAAP financial measures identified in the first
sentence of this paragraph are financial measures that are not
defined by GAAP and should be viewed in addition to, and not in
lieu of, income from continuing operations and income from
continuing operations per diluted share, operating cash flow,
percentage changes in revenue and other financial measures on a
GAAP basis. Harris has included in its press release a
reconciliation of non-GAAP financial measures disclosed in the
press release to the most directly comparable GAAP financial
measure.

Harris management believes that these non-GAAP financial
measures, when considered together with the GAAP financial
measures, provide information that is useful to investors in
understanding period-over-period operating results separate and
apart from items that may, or could, have a disproportionate
positive or negative impact on results in any particular period.
Harris management also believes that these non-GAAP financial
measures enhance the ability of investors to analyze trends in
Harris business and to understand Harris performance. In
addition, Harris may utilize non-GAAP financial measures as
guides in forecasting, budgeting and long-term planning processes
and to measure operating performance for some management
compensation purposes. Please refer to Harris financial
statements and accompanying footnotes for additional information
and for a presentation of results in accordance with GAAP.
Non-GAAP financial measures should be considered in addition to,
and not as a substitute for, or superior to, financial measures
prepared in accordance with GAAP.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is furnished herewith:

to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

EXHIBIT INDEX