L3Harris Investing in Australia’s Defence Capabilities Through Centre of Excellence

BRISBANE, Australia, July 30, 2024 - The Albanese Government attended the L3Harris Technologies (NYSE:LHX) launch of its Centre of Excellence (COE) for Electronic Warfare (EW) today in Brisbane, Queensland. This facility will feature expertise in the design, manufacture, integration and sustainment of high-reliability EW technology critical for modern military operations.

Jennifer Howard, Minister for Treasury, Trade and Investment for Queensland, and Graham Perrett MP, Federal Member for Moreton and Member of the Joint Standing Committee on Foreign Affairs, Defence and Trade, officiated the centre's launch.

"Queensland is a Defence state, and the government supports Defence industries via the Queensland Defence Industries 10-Year Roadmap and Action Plan, as well as the Queensland Space Industry Strategy. L3Harris' new operations in Queensland will contribute to a vibrant and growing defence supply chain, with their investment helping them better support the needs of the Australian Defence Force and the Australian defence industry," Howard said.

The COE will also serve as the hub for L3Harris' space, intelligence and cyber products used across Australia and the Indo-Pacific region. This effort will bring L3Harris' support and delivery centers closer to the Australian Defence Force (ADF) and reduce turnaround times by increasing local manufacturing capabilities and jobs across new technologies for quantum sensing, robotics, secure communications and data management.

"The L3Harris Centre of Excellence for Electronic Warfare is a fantastic initiative that will grow our sovereign industrial base by contributing to a future made in Australia and equip the Australian Defence Force with the capabilities they need," Perrett MP said.

The Australian facility will also enable the delivery of T4™ and T7™ robots to the ADF as part of the Land-154 program to enhance unit capabilities in improvised explosive device neutralisation and exploitation. The robots are equipped with cameras and best-in-class features that detect, examine and neutralise explosive threats and hazards to help protect Australian personnel.

"The launch of our Centre of Excellence is a clear signal of L3Harris' commitment to lead and shape the future of defence technology in Australia, for Australia, by our incredibly talented local workforce," said Ed Zoiss, President, Space and Airborne Systems, L3Harris. "As we embark on this journey, we extend our gratitude to the ADF for their trust and partnership."

L3Harris has 15 locations across Australia employing more than 550 people with 30% of the workforce having served in the ADF. L3Harris provides mission systems, communication systems and dedicated support services to the Royal Australian Air Force, Navy and Army across all domains.

About L3Harris Technologies

L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers' mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.

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 facility capabilities are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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