UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 11-K

(Mark One)

o		ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

þ		TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 1-3863

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

Harris Corporation Retirement Plan

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Harris Corporation
1025 West NASA Blvd.
Melbourne, Florida 32919

 

 

HARRIS CORPORATION
RETIREMENT PLAN

Audited Financial Statements and Supplemental Schedule

As of December 31, 2009 and July 3, 2009 and
for the Period from July 4, 2009 to December 31, 2009

HARRIS CORPORATION RETIREMENT PLAN
December 31, 2009 and July 3, 2009
Table of Contents

Report of Independent Registered Public Accounting Firm			1
Audited Financial Statements:
Statements of Net Assets Available for Benefits at December 31, 2009 and July 3, 2009			2
Statement of Changes in Net Assets Available for Benefits for the Period from July 4, 2009 to December 31, 2009			3
Notes to the Financial Statements			4
Supplemental Information:
Schedule H, Line 4(i) — Schedule of Assets (Held at End of Year)			12
Signature			37
Exhibits:
EX-23.1 - Consent of Ernst & Young LLP

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Participants and the Harris Corporation Employee Benefits Committee
Harris Corporation Retirement Plan

We have audited the accompanying statements of net assets available for benefits of Harris Corporation Retirement Plan as of December 31, 2009 and July 3, 2009, and the related statement of changes in net assets available for benefits for the period from July 4, 2009 to December 31, 2009. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements 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. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and 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 net assets available for benefits of the Plan at December 31, 2009 and July 3, 2009, and the changes in its net assets available for benefits for the period from July 4, 2009 to December 31, 2009, in conformity with U.S. generally accepted accounting principles.

Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2009 is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.

/s/ Ernst & Young LLP
Independent Certified Public Accountants

Boca Raton, Florida
June 29, 2010

HARRIS CORPORATION RETIREMENT PLAN
Statements of Net Assets Available for Benefits at December 31, 2009 and July 3, 2009

		December 31,				July 3,
		2009				2009
ASSETS
Investments at fair value:
Interest bearing cash		$	6,501,387			$	5,317,038
Preferred stocks			534,114				589,225
Common stocks			524,342,000				375,924,133
Registered investment companies			365,705,896				293,674,583
Common/collective trust funds			1,405,166,256				1,278,465,558
Synthetic guaranteed investment contract wrappers			301,449				138,918
Corporate bonds and debentures			46,671,974				44,490,995
Municipal and provincial bonds			522,047				840,514
Foreign bonds			4,725,899				4,214,604
U.S. Government securities			137,560,171				132,842,712
Participant loans			39,452,348				36,636,578
Total investments at fair value			2,531,483,541				2,173,134,858
Receivables:
Contributions receivable:
Employer			—				1,050,389
Participants			—				8,484,687
Accrued interest and dividends			2,152,870				2,087,647
Due from broker for securities sold			5,573,726				12,375,906
Total receivables			7,726,596				23,998,629
Total assets			2,539,210,137				2,197,133,487
LIABILITIES
Accrued expenses			417,466				338,572
Due to broker for securities purchased			4,909,940				23,751,743
Total liabilities			5,327,406				24,090,315
Net assets available for benefits at fair value			2,533,882,731				2,173,043,172
Adjustment from fair value to contract value for fully benefit-responsive investment contracts			8,865,730				26,928,225
Net assets available for benefits		$	2,542,748,461			$	2,199,971,397

The accompanying notes are an integral part of these financial statements.

HARRIS CORPORATION RETIREMENT PLAN
Statement of Changes in Net Assets Available for Benefits
For the Period from July 4, 2009 to December 31, 2009

Additions to net assets attributed to:
Investment income:
Net appreciation in fair value of investments		$	338,265,582
Interest			5,697,404
Dividends			4,494,065
Total			348,457,051
Contributions:
Participant rollovers			9,502,628
Employer matching			25,532,861
Participant (other than rollovers)			46,158,347
Total contributions			81,193,836
Transfers into the Plan from another plan			8,367,896
Total additions			438,018,783
Deductions from net assets attributed to:
Benefits paid to participants			93,500,785
Administrative expenses			1,740,934
Total deductions			95,241,719
Net increase			342,777,064
Net assets available for benefits:
Beginning of period			2,199,971,397
End of period		$	2,542,748,461

The accompanying notes are an integral part of these financial statements.

HARRIS CORPORATION RETIREMENT PLAN
Notes to the Financial Statements
December 31, 2009 and July 3, 2009

NOTE 1 — DESCRIPTION OF PLAN

The following description of the Harris Corporation Retirement Plan (the “Plan”) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

A.		General — The Plan is a defined contribution plan with a 401(k) feature covering substantially all eligible employees of Harris Corporation and certain of its subsidiaries (collectively, the “Company” or “Employer”) as defined in the Plan document. The Plan Administrator is the Harris Corporation Employee Benefits Committee comprised of persons appointed by Harris Corporation. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
B.		Contributions — Participants may contribute a percentage of both pre-tax and after-tax eligible compensation, as defined in the Plan document and subject to Internal Revenue Code (the “Code”) limitations. After-tax contributions may be made either on a regular after-tax basis or on a designated Roth after-tax basis. Participants age 50 and older by the end of the calendar year can contribute an additional amount above the annual pre-tax limitation, as defined in the Plan document and subject to Code limitations. The Company matches up to 50% or 100% (depending on business unit) of pre-tax and after-tax contributions subject to a limit of 4% or 6% (depending on business unit) of eligible compensation for any eligible employee who has completed the Plan’s service requirement (either six months or one year, depending on business unit). Full-time regular participants who make no election with respect to their contribution percentage are deemed to have elected deferment of 6% of eligible compensation on a pre-tax basis. The Company may make discretionary profit sharing contributions to the Plan in an amount determined by the Company, allocated to eligible participants based on compensation as defined in the Plan document. With respect to the period from July 4, 2009 to December 31, 2009, no profit sharing contributions were made; instead, the Company’s cash-based Performance Reward Plan permitted each participant eligible for such plan to elect a special, unmatched pre-tax contribution to the Plan of 0%, 50% or 100% of the amount, if any, otherwise payable to the participant by the Company in cash under the Performance Reward Plan, subject to Code limitations. In addition, participants may rollover amounts to the Plan from other qualified plans.
C.		Payments of Benefits — Prior to termination of employment, a participant may withdraw all or any portion of his or her regular after-tax account balance or rollover balance. A participant may also receive a distribution while employed for financial hardship, as defined in the Plan document, upon attainment of age 591/2 or in certain cases, in connection with active military duty. Upon retirement or other termination of employment, a participant may elect to receive either a lump-sum amount equal to all or a portion of the participant’s vested account, or installments of his or her vested account over a future period.
D.		Participant Loans — The loan program permits participants to borrow against their pre-tax, regular after-tax, designated Roth after-tax and rollover contributions. A participant may borrow in increments of $100 from a minimum of $500 to a maximum of 50% of the vested portion of the participant’s account or $50,000 whichever is lower, within certain limitations established by the Plan document. Payback periods range from one to five years unless the loan is to be used for the purchase of a principal residence, in which case the payback period may not exceed ten years. Interest rates are established by the Company based on market rates. Loans are paid back ratably through payroll deductions (or, if the participant is not receiving paychecks, then they are paid back by personal, certified or cashier’s check, money order or electronic transfer). The outstanding loans have been established as a separate fund.
E.		Participant Accounts — Each participant’s account is credited with the participant’s contribution, including the contribution, if any, in respect of the participant’s election under the Company’s cash-based Performance Reward Plan, and allocations of (a) the Company’s matching contribution, (b) the Company’s discretionary profit sharing contribution, if any, and (c) Plan earnings, and is charged with an allocation of Plan losses and administrative expenses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.
F.		Vesting — Participants are immediately vested in their pre-tax, regular after-tax, designated Roth after-tax and rollover contributions plus earnings thereon. Vesting in the Employer matching and any profit sharing contributions, plus earnings thereon,

is based on years of service, as defined in the Plan document. A participant is 100% vested after four years of service, based on the following schedule:

Years of Service		Vesting Percentage
Less than 1 year			0	%
1 year			25	%
2 years			50	%
3 years			75	%
4 years			100	%

		However, certain vesting schedules applicable to assets merged into the Plan have been preserved, as legally required, and may result in the vesting of Employer contributions more quickly than described above.
		A participant also becomes 100% vested in Employer contributions upon his or her termination of employment after attaining age 55 or on account of his or her death or disability.
G.		Forfeitures — A terminated participant who is not 100% vested will forfeit the non-vested portion of the Company’s contributions unless the participant returns to employment within five years. The forfeited contributions are used first, to restore the accounts of recently located missing participants, as defined in the Plan document; next, to restore the accounts of participants who are reemployed prior to incurring a break in service of five consecutive years; next, to fund any matching or profit sharing contributions to be allocated to participants who are reemployed after a period of qualified military service, as defined in the Plan document; and finally, to reduce future contributions to the Plan by the Company. Forfeited amounts included in Plan assets at December 31, 2009 and July 3, 2009 were $931,697 and $406,710, respectively. For the period from July 4, 2009 through December 31, 2009 and for the fiscal year ended July 3, 2009, Employer contributions were reduced by $0 and $573,127, respectively, from forfeited non-vested accounts.
H.		Plan Termination — Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts.
I.		Investment Options — Upon enrollment into the Plan, a participant may direct Employer and participant contributions into any of several investment options, including the Harris Stock Fund. A participant may transfer amounts from other investment options into the Harris Stock Fund, provided that no transfer shall cause more than 20% of a participant’s account to be invested in the Harris Stock Fund. The investment options are fully described in the “Employer Summary Plan Description,” which is available to all participants. In the event no investment option is selected by the participant, the default investment option for contributions is the LifeCycle Fund that is age-appropriate for the participant. Elections to change funds can be made daily; however, amounts in the Stable Value Fund cannot be transferred directly to the Money Market Fund. Investments are also governed by other limitations described in the Plan document and the “Employer Summary Plan Description.”

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting — The accounting records of the Plan are maintained on the accrual basis. Certain prior year data have been reclassified to conform to the presentation for the transition period from July 4, 2009 to December 31, 2009.

Fiscal Year Change — Effective December 31, 2009, the Plan changed from a fiscal year end corresponding to the Company’s fiscal year ending to a calendar year ending. As such, these financial statements represent the transition period from July 4, 2009 to December 31, 2009 which precedes the beginning of the new calendar year fiscal cycle.

Recent Accounting Pronouncements

Fair Value Measurements — In April and September 2009, the Financial Accounting Standards Board (“FASB”) issued guidance which (i) provided additional guidance for estimating fair value when the volume and level of activity for the asset or liability have significantly decreased, (ii) provided guidance on identifying circumstances that indicate a transaction is not orderly, (iii) permitted, as a practical expedient, entities to measure the fair value of certain investments based on the net asset value per share and (iv) expanded the required disclosures about fair value measurements. The Plan’s adoption of this guidance did not have a material effect on the Plan’s net assets available for benefits or the changes in net assets available for benefits.

Subsequent Events — In May 2009 and February 2010, the FASB issued guidance which established general standards of accounting for, and disclosure of, events that occur after the balance sheet date but before financial statements are issued or are available to be issued. In particular, this guidance established (i) the period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition or disclosure, (ii) the circumstances under which an entity should recognize events or transactions occurring after the balance sheet date and (iii) the disclosures that an entity should make about events or transactions that occurred after the balance sheet date. The plan’s adoption of this guidance did not have a material effect on the Plan’s net assets available for benefits or the changes in net assets available for benefits.

FASB Codification — In June 2009, the FASB issued new codification standards which represent the source of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by non-governmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. The codification supersedes all non-SEC accounting and reporting standards which existed prior to the codification. All other non-grandfathered, non-SEC accounting literature not included in the codification is non-authoritative. The new codification standards were effective for 2009.

Fair Value Disclosures — In January 2010, the FASB issued guidance which expanded the required disclosures about fair value measurements. In particular, this guidance requires (i) separate disclosure of the amounts of significant transfers in and out of Level 1 and Level 2 fair value measurements along with the reasons for such transfers, (ii) information about purchases, sales, issuances and settlements to be presented separately in the reconciliation for Level 3 fair value measurements, (iii) fair value measurement disclosures for each class of assets and liabilities and (iv) disclosures about the valuation techniques and inputs used to measure fair value for both recurring and nonrecurring fair value measurements for fair value measurements that fall in either Level 2 or Level 3. This guidance is effective for annual reporting periods beginning after December 15, 2009 except for (ii) above which is effective for fiscal years beginning after December 15, 2010. The Plan is currently evaluating the impact that this guidance will have on the Plan’s financial statement disclosures.

Valuation of Investments — The Plan’s investments are stated at fair value. Quoted market prices are used, when available, to value investments. Investments for which quoted market values are not available are stated at fair values as reported by the trustee or investee company. Participant loans are valued at their outstanding balances, which approximate fair value. See Note 7 — Financial Instruments for further information on the valuation of investments.

Synthetic Guaranteed Investment Contracts — During the period from July 4, 2009 to December 31, 2009 and for the period ended July 3, 2009, the Plan held synthetic guaranteed investment contracts (“synthetic GICs”) in its Stable Value Fund (the “Fund”). A corresponding contract wrapper with the issuer of the synthetic GICs was also held in order to provide a variable rate of return on the cost of the investment. The fair value of the synthetic GICs was determined using a discounted cash flow method or quoted market value of underlying investments. The fair value of the contract wrapper was based on the present value of the difference between the current fee and fee re-bids provided by the issuers and was $301,449 and $138,918 at December 31, 2009 and July 3, 2009, respectively. The Plan values all investments at fair value. See Note 7 — Financial Instruments for further discussion of fair value measurements.

The interest crediting rate of synthetic GICs is based on the contract value, and the fair value, duration and yield to maturity of the portfolio of bonds underlying the synthetic GICs. The interest crediting rate is reset quarterly. The minimum crediting rate is zero percent.

The interest crediting rate reset allows the contract value to converge with the fair value of the underlying portfolio over time, assuming the portfolio continues to earn the current yield for a period of time equal to the current portfolio duration.

The primary variables impacting the future interest crediting rates of synthetic GICs include the current yield of the assets underlying the contract, the duration of the assets underlying the contract and the existing difference between the fair value and contract value of the assets within the contract.

The investments in synthetic GICs are presented at fair value on the Statements of Net Assets Available for Benefits. To the extent that the underlying portfolio of a synthetic GIC has unrealized and/or realized losses, a positive adjustment is made to the adjustment from fair value to contract value under contract value accounting. As a result, the future interest crediting rate may be lower over time than the then-current market rates. Similarly, if the underlying portfolio generates unrealized and/or realized gains, a negative adjustment is made to the adjustment from fair value to contract value, and the future interest crediting rate may be higher than the then-current market rates. The adjustments ensure that ending net assets available for benefits are recorded at contract value and reflect the unrealized and/or realized gains and losses on the underlying portfolio of synthetic GICs.

Synthetic GICs generally provide for withdrawals associated with certain events which are not in the ordinary course of Plan operations. These withdrawals are paid with a market value adjustment applied to the withdrawal as defined in the investment contract. Each contract issuer specifies the events which may trigger a market value adjustment. Such events include but are not limited to the following: material amendments to the Plan or in the administration of the Fund; changes to the Plan’s competing investment options including the elimination of equity wash provisions; complete or partial termination of the Plan; the failure of the Plan to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA; the redemption of all or a portion of the interests in the Fund held by the Plan at the direction of the Plan sponsor, including withdrawals due to the removal of a specifically identifiable group of employees from coverage under the Plan (such as a group layoff or early retirement incentive program), the closing or sale of a subsidiary, employing unit or affiliate, the bankruptcy or insolvency of the Plan sponsor, the merger of the Plan with another plan, or the Plan sponsor’s establishment of another tax qualified defined contribution plan; any change in law, regulation, ruling, administrative or judicial position or accounting requirement, applicable to the Fund or the Plan; or the delivery of any communication to Plan participants designed to influence a participant not to invest in the Fund.

At this time, the Plan does not believe that the occurrence of any such market value adjustment-triggering event, which would limit the Plan’s ability to transact at contract value with participants, is probable.

If the Plan defaults in its obligations under any synthetic GIC (including the issuer’s determination that the agreement constitutes a non-exempt prohibited transaction as defined under ERISA), and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Plan will receive the fair value of the underlying investments as of the date of termination. With the exception of this circumstance, termination of the contract by the issuer would be settled at contract value.

The average yield based on actual earnings was approximately 3.65% at December 31, 2009 and 4.49% at July 3, 2009. The average yield based on interest rate credited to participants was approximately 2.99% at December 31, 2009 and 2.61% at July 3, 2009.

Use of Estimates — The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires the Plan Administrator to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results may differ from those estimates.

Administrative Expenses — Unless otherwise elected by Harris Corporation, all reasonable charges and expenses incurred in connection with the administration of the Plan are paid by the trustee from the assets of the trust.

NOTE 3 — INVESTMENTS

During the period from July 4, 2009 to December 31, 2009, the Plan’s investments (including investments bought, sold and held during such period) appreciated or depreciated in value as follows:

Net appreciation (depreciation) in fair value as determined by quoted market prices:

Preferred stocks		$	169,863
Common stocks			140,646,271
Registered investment companies			54,288,098
Corporate bonds and debentures			2,628,147
Municipal and provincial bonds			(15,549	)
Foreign bonds			338,123
U.S. Government securities			(629,112	)
			197,425,841
Net appreciation in fair value as determined by investee company/trustee:
Common/collective trust funds			140,839,741
Total net appreciation in fair value		$	338,265,582

The fair value of individual investments that represent 5% or more of Plan net assets at December 31, 2009 and July 3, 2009 is as follows:

		December 31,				July 3,
		2009				2009
MFB NTGI-QM Collective Daily Russell 1000 Index Fund		$	204,983,028			$	140,768,383
MFO Prin Global Invs COLTV Invt TR Diversified Intl Eqty FD 50 BP Fee CL			165,617,701				130,518,412
Galliard Capital Management Wells Fargo Bank NA Fixed Income Fund A			*				111,711,375
Galliard Capital Management Wells Fargo Bank NA Fixed Income Fund D			128,076,521				124,245,294
Galliard Capital Management Wells Fargo Bank NA Fixed Income Fund E			*				111,368,009
Galliard Capital Management Wells Fargo Bank NA Fixed Income Fund F			282,397,785				271,924,287

NOTE 4 — RELATED-PARTY TRANSACTIONS

Certain Plan investments are shares of common stock of Harris Corporation and balances in a common/collective trust fund that are managed by Northern Trust. Harris Corporation is the Plan sponsor and Northern Trust is the Trustee and, therefore, these transactions qualify as exempt party-in-interest transactions under the provisions of ERISA.

The Plan’s investments in Harris Corporation common stock (included with other common stock) and in common/collective trust funds managed by Northern Trust (included with other common/collective trust funds) at December 31, 2009 and July 3, 2009 are as follows:

		December 31, 2009								July 3, 2009
		Shares				Fair Value				Shares				Fair Value
Common stock
Harris Corporation common stock			2481219			$	117,981,963				2526121			$	72,221,799
Common/collective trust funds
NTGI-QM Collective Daily Russell			19576261				204,983,028				16964134				140,768,383
1000 Index Fund
NTGI-QM Collective Daily			358274				37,922,198				164636				16,840,160
Aggregate BD Index
NTGI-QM Collective Daily			40675				16,407,031				62965				24,421,175
Aggregate Bond Fund Tier H
NTGI-QM Collective Daily			62449				14,962,853				322066				59,797,291
Extended Equity Market Index
Fund — Lending
NTGI-QM Coltv Daily Russell			43713				6,676,328				358976				43,316,609
1000 Equity Index Fund —
Lending
NTGI-QM Coltv Daily Russell			10658				1,898,007				103294				14,787,929
2000 Growth Equity Index Fund
Lending
NTGI-QM Coltv Daily S&P 500			24696				79,359,268				36936				94,289,113
Equity Index Fund — Lending
NTGI-QM Coltv Daily S&P 500			35376				114,242,730				24136				62,024,458
Index Fund
NTGI-QM Coltv Government Short			6331521				6,331,521				17043278				17,043,287
Term Investment Fund

During the period from July 4, 2009 to December 31, 2009, the Plan made the following purchases and sales of related party investments:

		Purchases				Sales
Common stock
Harris Corporation common stock		$	5,447,712			$	6,617,066
Common/collective trust funds
NTGI-QM Collective Daily Russell			76,781,907				61,819,121
1000 Index Fund
NTGI-QM Collective Daily			29,916,346				18,508,992
Aggregate BD Index
NTGI-QM Collective Daily			309,967				10,147,225
Aggregate Bond Fund Tier H
NTGI-QM Collective Daily			89,665,889				68,930,172
Extended Equity Market Index
Fund — Lending
NTGI-QM Coltv Daily Russell			76,781,907				95,897,451
1000 Equity Index Fund —
Lending
NTGI-QM Coltv Daily Russell			1,169,337				18,800,697
2000 Growth Equity Index Fund
Lending
NTGI-QM Coltv Daily S&P 500			63,301,170				65,363,135
Equity Index Fund — Lending
NTGI-QM Coltv Daily S&P 500			56,384,070				58,446,035
Index Fund
NTGI-QM Coltv Government Short			*				*
Term Investment Fund

NOTE 5 — INCOME TAX STATUS

The Plan has received a determination letter from the Internal Revenue Service dated April 21, 2004, stating that the Plan is qualified under Section 401(a) of the Code and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the Internal Revenue Service, the Plan has been amended and restated on multiple occasions and further amended. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Plan sponsor believes the Plan is being operated in compliance with the applicable requirements of the Code and therefore believes the Plan, as amended and restated and further amended, is qualified and the related trust is exempt from taxation.

NOTE 6 — CREDIT RISKS AND UNCERTAINTIES

Cash amounts at the Trustee may exceed the federally insured limit from time to time. The Plan provides for investments in various investment securities, which, in general, are exposed to certain risks, such as interest rate, credit and overall market volatility risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term, and such changes could materially affect participant account balances and the amounts reported in the Statements of Net Assets Available for Benefits.

NOTE 7 — FINANCIAL INSTRUMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal market (or most advantageous market, in the absence of a principal market) for the asset or liability in an orderly transaction between market participants at the measurement date (i.e., an exit price). A three-level fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

•		Level 1 — inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.
•		Level 2 — inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
•		Level 3 — inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models and similar techniques for which some or all significant assumptions are not observable.

The following section describes the valuation methodologies the Plan uses to measure financial assets at fair value.

In general, and where applicable, the Plan uses quoted prices in active markets for identical assets to determine fair value. This pricing methodology applies to the Plan’s Level 1 assets which include interest bearing cash, preferred stocks, common stocks, registered investment companies, U.S. Government securities, corporate bonds and debentures, municipal and provincial bonds and foreign bonds. If quoted prices in active markets for identical assets are not available to determine fair value, then the Plan uses quoted prices for similar assets or inputs other than the quoted prices that are observable either directly or indirectly. These assets are included in Level 2 and consist of common/collective trust funds and synthetic guaranteed investment contract wrappers. Assets for which fair value is determined by management using assumptions that market participants would use in pricing assets are included in Level 3 and consist of loans to participants.

Assets Measured at Fair Value on a Recurring Basis

Assets measured at fair value on a recurring basis at December 31, 2009, are as follows:

		Level 1				Level 2				Level 3				Total
Assets
Interest bearing cash		$	6,501,387			$	—			$	—			$	6,501,387
Preferred stocks			534,114				—				—				534,114
Common stocks:
Information technology			144,537,873				—				—				144,537,873
Industrial			89,683,609				—				—				89,683,609
Consumer			80,448,698				—				—				80,448,698
Financial			72,967,211				—				—				72,967,211
Energy			42,307,358				—				—				42,307,358
Health care			30,999,678				—				—				30,999,678
Other			63,397,573				—				—				63,397,573
Total common stocks			524,342,000				—				—				524,342,000
Registered investment companies:
International equity funds			165,617,701				—				—				165,617,701
Small company funds			73,158,777				—				—				73,158,777
U.S. Government securities money market funds			71,197,387				—				—				71,197,387
Technology funds			50,194,140				—				—				50,194,140
Other funds			5,537,891				—				—				5,537,891
Total registered investment companies			365,705,896				—				—				365,705,896
Common/collective trust funds (a):
Index funds			—				718,915,295				—				718,915,295
Fixed income funds			—				663,512,409				—				663,512,409
Other funds			—				22,738,552				—				22,738,552
Total common/collective trust funds (a)			—				1,405,166,256				—				1,405,166,256
Synthetic guaranteed investment contract wrappers			—				301,449				—				301,449
Corporate bonds and debentures			46,671,974				—				—				46,671,974
Municipal and provincial bonds			522,047				—				—				522,047
Foreign bonds			4,725,899				—				—				4,725,899
U.S. Government securities			137,560,171				—				—				137,560,171
Participant loans			—				—				39,452,348				39,452,348
Total Assets Measured at Fair Value		$	1,086,563,488			$	1,405,467,705			$	39,452,348			$	2,531,483,541

Assets measured at fair value on a recurring basis at July 3, 2009, are as follows:

		Level 1				Level 2				Level 3				Total
Assets
Interest bearing cash		$	5,317,038			$	—			$	—			$	5,317,038
Preferred stocks			589,225				—				—				589,225
Common stocks:
Information technology			95,305,125				—				—				95,305,125
Industrial			58,496,865				—				—				58,496,865
Consumer			57,564,373				—				—				57,564,373
Financial			55,588,730				—				—				55,588,730
Energy			34,569,922				—				—				34,569,922
Health care			28,004,317				—				—				28,004,317
Other			46,394,801				—				—				46,394,801
Total common stocks			375,924,133				—				—				375,924,133
Registered investment companies:
International equity funds			130,518,412				—				—				130,518,412
Small company funds			43,879,091				—				—				43,879,091
U.S. Government securities money market funds			80,396,070				—				—				80,396,070
Technology funds			33,350,171				—				—				33,350,171
Other funds			5,530,839				—				—				5,530,839
Total registered investment companies			293,674,583				—				—				293,674,583
Common/collective trust funds (a):
Index funds			—				567,358,579				—				567,358,579
Fixed income funds			—				619,248,965				—				619,248,965
Other funds			—				91,858,014				—				91,858,014
Total common/collective trust funds (a)			—				1,278,465,558				—				1,278,465,558
Synthetic guaranteed investment contract wrappers			—				138,918				—				138,918
Corporate bonds and debentures			44,490,995				—				—				44,490,995
Municipal and provincial bonds			840,514				—				—				840,514
Foreign bonds			4,214,604				—				—				4,214,604
U.S. Government securities			132,842,712				—				—				132,842,712
Participant loans			—				—				36,636,578				36,636,578
Total Assets Measured at Fair Value		$	857,893,804			$	1,278,604,476			$	36,636,578			$	2,173,134,858

Summary of changes in the fair value of the Plan’s Level 3 assets as of December 31, 2009:

		Participant loans
Balance as of July 3, 2009		$	36,636,578
Issuances, repayments and settlements, net			2,815,770
Balance as of December 31, 2009		$	39,452,348

Summary of changes in the fair value of the Plan’s Level 3 assets for the fiscal year ended July 3, 2009:

		Participant Loans
Balance as of June 28, 2008		$	33,500,965
Issuances, repayments and settlements, net			3,135,613
Balance as of July 3, 2009		$	36,636,578

The fair value of participant loans is based on the collective face value of all participant loans outstanding at the end of the applicable period, in accordance with the terms in the respective loan agreements. Income from participant loan investments is included in interest income in the Statement of Changes in Net Assets Available for Benefits.

NOTE 8 — RECONCILIATION OF PLAN FINANCIAL STATEMENTS TO THE FORM 5500

Form 5500 requires the recording of a liability for benefit amounts processed prior to year-end but not yet paid and requires fully benefit-responsive contracts to be reported at fair value. These requirements conflict with accounting principles generally accepted in the United States and the presentation of such amounts in the financial statements where they remain as part of net assets available for benefits.

The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 at December 31, 2009 and July 3, 2009:

		December 31,				July 3,
		2009				2009
Net assets available for benefits per the financial statements		$	2,542,748,461			$	2,199,971,397
Benefits due to participants			(702,072	)			(133,366	)
Adjustment to fair value from contract value for fully benefit-responsive investment contracts			(8,865,730	)			(26,928,225	)
Net assets available for benefits per the Form 5500		$	2,533,180,659			$	2,172,909,806

The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 for the period from July 4, 2009 to December 31, 2009:

Benefits paid to participants per the financial statements		$	93,500,785
Add: benefits due but unpaid at December 31, 2009			702,072
Less: benefits due but unpaid at July 3, 2009			(133,366	)
Total benefit payments, corrective distributions and deemed distributions per the Form 5500		$	94,069,491

The following is a reconciliation of investment income per the financial statements to the Form 5500 for the period from July 4, 2009 to December 31, 2009:

Net increase in Plan assets per the financial statements		$	342,777,064
Add: adjustment from fair value to contract value for fully benefit-responsive investment contracts at July 3, 2009			26,928,225
Less: adjustment from fair value to contract value for fully benefit-responsive investment contracts at December 31, 2009			(8,865,730	)
Benefits due but unpaid at December 31, 2009			(702,072	)
Benefits due but unpaid at July 3, 2009			133,366
Net income and transfers in per the Form 5500		$	360,270,853

SUPPLEMENTAL INFORMATION

Harris Corporation Retirement Plan

E.I.N. 34-0276860
Plan Number 015

Schedule H, Line 4(i)

						(c)
						Description of Investment
						Including
						Maturity Date, Rate of Interest,
				(b)		Collateral, Par or Maturity Value								(e)
				Identity of Issue, Borrower, Lessor,		(In Shares/Par Value except				(d)				Current
(a)				or Similar Party		Participant Loans)				Cost				Value
Value of Interest in Preferred Stocks
				ADR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR NON VTG			12600							$	534,114
				Total Value of Interest in Preferred Stocks										$	534,114
Value of Interest in Interest Bearing Cash
				Interest bearing cash			6501387							$	6,501,387
				Total Value of Interest in Interest Bearing Cash										$	6,501,387
Value of Interest in Common Stocks
				1ST HORIZON NATL CORP COM			58920							$	789,528
				1ST NIAGARA FINL GROUP INC NEW COM			46241								643,212
				3M CO COM			51700								4,274,039
				ACCENTURE PLC SHS CL A NEW			30023								1,245,955
				ACI WORLDWIDE INC COM STK			74680								1,280,762
				ADR ALLIED IRISH BKS P L C SPONSORED ADRREPSTG ORD			40400								141,804
				ADR ASML HOLDING NV NY REGISTERED SHS			22900								780,661
				ADR BAIDU INC SPONSORED ADR			800								328,984
				ADR BP P L C SPONSORED ADR			52456								3,040,874
				ADR ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG A SHS			79300								4,766,723
				AFFILIATED MANAGERS GROUP INC COM STK			8977								604,601
				ALCOA INC COM STK			69700								1,123,564
				ALLEGHENY TECHNOLOGIES INC COM			22414								1,003,475
				ALLERGAN INC COM			16800								1,058,568
				ALLERGAN INC COM			56000								3,528,560
				AMAZON COM INC COM			39000								5,246,280
				AMAZON COM INC COM			16621								2,235,857
				AMER MOVIL SAB DE C V SPONSORED ADR REPSTG SER L SHS			41000								1,926,180
				AMERICAN EXPRESS CO			131000								5,308,120
				AMERICAN TOWER CORP CL A			50522								2,183,056
				AMGEN INC COM			24800								1,402,936
				ANADARKO PETRO CORP COM			41000								2,559,220
				ANALOG DEVICES INC COM			72000								2,273,760
				APPLE INC			24500								5,166,070
				APPLE INC			18200								3,837,652

						(c)
						Description of Investment
						Including
						Maturity Date, Rate of Interest,
				(b)		Collateral, Par or Maturity Value								(e)
				Identity of Issue, Borrower, Lessor,		(In Shares/Par Value except				(d)				Current
(a)				or Similar Party		Participant Loans)				Cost				Value
				APPLIED MATERIALS INC COM			62700								874,038
				ASSOCTD BANC-CORP COM			55817								614,545
				ASSURANT INC COM			27360								806,573
				AT&T INC COM			174941								4,903,596
				ATMEL CORP COM			135969								626,817
				AVERY DENNISON CORP COM			45200								1,649,348
				BANK NEW YORK MELLON CORP COM STK			96900								2,710,293
				BANK OF AMERICA CORP			348464								5,247,868
				BAXTER INTL INC COM			12700								745,236
				BED BATH BEYOND INC COM			67100								2,592,073
				BED BATH BEYOND INC COM			22200								857,586
				BJ SERVICES CO			35100								652,860
				BLACK STK MRGR STANLEY BLACK & DECKER INC REORG COM #2058894 03/12/2010			17500								1,134,525
				BLOCK H & R INC COM			19500								441,090
				BOEING CO COM			44800								2,425,024
				BORG WARNER INC COM			31084								1,032,610
				BRISTOL MYERS SQUIBB CO COM			83000								2,095,750
				BROADCOM CORP CL A			41500								1,305,175
				BROADCOM CORP CL A			22800								717,060
				BROADRIDGE FINL SOLUTIONS INC COM STK			35232								794,834
				CABLEVISION NY GROUP CL A COM			69400								1,791,908
				CALPINE CORP COM NEW STK			66034								726,374
				CAP 1 FNCL COM			44200								1,694,628
				CAREER ED CORP COM			39373								917,785
				CARTER INC FORMERLY CARTER HLDGS INC TO 09/13/2003 COM			17256								452,970
				CELGENE CORP COM			19700								1,096,896
				CENTERPOINT ENERGY INC COM			30700								445,457
				CHEVRON CORP COM			82778								6,373,078
				CHUBB CORP COM			20700								1,018,026
				CISCO SYSTEMS INC			42100								1,007,874
				CME GROUP INC COM STK			5000								1,679,750
				COINSTAR INC COM			54600								1,516,788
				COMM BANCSHARES INC COM			20716								802,124
				COMPASS MINERALS INTL INC COM			17413								1,169,979
				COMPUTER SCI CORP COM			41500								2,387,495
				COMVERSE TECHNOLOGY INC COM PAR $0.10 COM PAR $0.10			136004								1,285,238
				CONCHO RES INC COM STK			21380								959,962
				CONOCOPHILLIPS COM			20900								1,067,363
				CONSOL ENERGY INC COM			4300								214,140
				CONSTELLATION ENERGY GROUP INC MARYLAND COM			34600								1,216,882
				COOPER COS INC COM NEW			31088								1,185,075
				COOPER INDUSTRIES PLC NEW IRELAND COM STK			35800								1,526,512
				CORINTHIAN COLLEGES INC COM STK			45011								619,801
				CROWN CASTLE INTL CORP COM STK			32300								1,260,992
				D R HORTON INC COM			41900								455,453
				DANAHER CORP COM			33876								2,547,475
				DEERE & CO COM			45600								2,466,504
				DELL INC COM STK			89500								1,285,220
				DENBURY RES INC HLDG CO COM NEW			86912								1,286,298
				DIONEX CORP COM			7460								551,070
				DU PONT E I DE NEMOURS & CO COM STK			61900								2,084,173

						(c)
						Description of Investment
						Including
						Maturity Date, Rate of Interest,
				(b)		Collateral, Par or Maturity Value								(e)
				Identity of Issue, Borrower, Lessor,		(In Shares/Par Value except				(d)				Current
(a)				or Similar Party		Participant Loans)				Cost				Value
				DUFF & PHELPS CORP NEW CL A COM STK			24597								449,141
				DUKE ENERGY CORP NEW COM STK			96500								1,660,765
				EATON CORP COM			13900								884,318
				EBAY INC COM			62700								1,475,958
				EHEALTH INC COM STK			10869								178,578
				ELECTR ARTS COM			52900								938,975
				ELI LILLY & CO COM			60700								2,167,597
				EMC CORP COM			37000								646,390
				ENTERGY CORP NEW COM			23500								1,923,240
				EOG RESOURCES INC COM			12200								1,187,060
				EURONET WORLDWIDE INC COM			55892								1,226,829
				EXELON CORP COM			17500								855,225
				EXPEDIA INC DEL COM			38950								1,001,405
				EXPEDITORS INTL WASH INC COM			35000								1,215,550
				EXXON MOBIL CORP COM			82726								5,641,086
				FASTENAL CO COM			3600								149,904
				FEI CO COM			33700								787,232
				FIRST AMERN CORP CALIF COM			26094								863,972
				FIRST SOLAR INC COM			2100								284,340
				FIRSTENERGY CORP COM			20335								944,561
				FIRSTMERIT CORP COM			25661								516,813
				FLIR SYS INC COM			38000								1,243,360
				FMC TECHNOLOGIES INC COM			42500								2,458,200
				FORTUNE BRANDS INC COM STK			69200								2,989,440
				FRKLN RES INC COM			10426								1,098,379
				GENERAL ELECTRIC CO			365500								5,530,015
				GENUINE PARTS CO COM			27100								1,028,716
				GENZYME CORP COM			58000								2,842,580
				GILEAD SCIENCES INC			32568								1,409,543
				GOLDMAN SACHS GROUP INC COM			7550								1,274,742
				GOOGLE INC CL A CL A			6318								3,917,034
				GOOGLE INC CL A CL A			7400								4,587,852
				HARLEY DAVIDSON INC COM			48300								1,217,160
				HARMAN INTL INDS INC NEW COM STK USD0.01			21600								762,048
			*	HARRIS CORP COM			2481219								117,981,963
				HENRY JACK & ASSOC INC COM			57127								1,320,776
				HERSHEY CO FORMERLY HERSHEY FOODS CORP TO 04/19/2005 COM			86800								3,106,572
				HOME DEPOT INC COM			134500								3,891,085
				HONEYWELL INTL INC COM STK			59600								2,336,320
				ILL TOOL WKS INC COM			66100								3,172,139
				ILLUMINA INC COM			32869								1,007,435
				IMMUCOR INC COM STK			47549								962,392
				INTEL CORP COM			70900								1,446,360
				INTERCONTINENTALEXCHANGE INC COM			25000								2,807,500
				INTERNATIONAL BUSINESS MACHS CORP COM			7000								916,300
				INTERPUBLIC GROUP COMPANIES INC COM			600								4,428
				INTL FLAVORS & FRAGRANCES INC COM			48700								2,003,518
				INTL PAPER CO COM			122596								3,283,121
				INTUITIVE SURGICAL INC COM NEW STK			1700								515,644
				INTUITIVE SURGICAL INC COM NEW STK			14000								4,246,480
				IRON MTN INC COM STK			30000								682,800
				JOHNSON & JOHNSON COM			35400								2,280,114
				JPMORGAN CHASE & CO COM			196524								8,189,155

						(c)
						Description of Investment
						Including
						Maturity Date, Rate of Interest,
				(b)		Collateral, Par or Maturity Value								(e)
				Identity of Issue, Borrower, Lessor,		(In Shares/Par Value except				(d)				Current
(a)				or Similar Party		Participant Loans)				Cost				Value
				JPMORGAN CHASE & CO COM			29700								1,237,599
				JUNIPER NETWORKS INC COM			85979								2,293,060
				KAR AUCTION SVCS INC COM STK			35800								493,682
				KEY ENERGY SVCS INC			90612								796,479
				KEYCORP NEW COM			133700								742,035
				KIMBERLY-CLARK CORP COM			28300								1,802,993
				KOHLS CORP COM			11848								638,963
				KRAFT FOODS INC CL A			65700								1,785,726
				LAS VEGAS SANDS CORP COM STK			84000								1,254,960
				LEGG MASON INC COM			61300								1,848,808
				LINCOLN NATL CORP COM			70323								1,749,636
				LIONS GATE ENTMT CORP COM NEW			84189								489,138
				LIVE NATION ENTERTAINMENT INC			51461								437,933
				LOCKHEED MARTIN CORP COM			19600								1,476,860
				LOWES COS INC COM			36500								853,735
				MACYS INC COM STK			48600								814,536
				MAGELLAN HLTH SVCS INC COM NEW			37567								1,530,104
				MARRIOTT INTL INC NEW COM STK CL A			46212								1,259,277
				MARRIOTT INTL INC NEW COM STK CL A			60847								1,658,081
				MARSH & MCLENNAN CO’S INC COM			111300								2,457,504
				MARSHALL & ILSLEY CORP NEW COM STK			56800								309,560
				MARSHALL & ILSLEY CORP NEW COM STK			73700								401,665
				MARVELL TECH GROUP COM USD0.002			76250								1,582,188
				MASCO CORP COM			118500								1,636,485
				MASTERCARD INC CL A			4600								1,177,508
				MATTEL INC COM			84900								1,696,302
				MC CORMICK & CO INC COM NON-VTG			27700								1,000,801
				MCDERMOTT INTL INC COM STK $1 PAR			21900								525,819
				MCGRAW HILL COMPANIES INC COM			79300								2,657,343
				MCKESSON CORP			15300								956,250
				MF GLOBAL HOLDINGS LTD			126621								880,016
				MEADWESTVACO CORP COM			56700								1,623,321
				MEDCO HEALTH SOLUTIONS INC COM			37500								2,396,625
				MERCK & CO INC NEW COM			77500								2,831,850
				MGM MIRAGE COM			64700								590,064
				MGM MIRAGE COM			51400								468,768
				MICROSOFT CORP COM			57247								1,745,461
				MICROSOFT CORP COM			131500								4,009,435
				MONEYGRAM INTL INC COM			167413								482,149
				MONSANTO CO NEW COM			6900								564,075
				MONSANTO CO NEW COM			33000								2,697,750
				MORGAN STANLEY COM STK USD0.01			26200								775,520
				MURPHY OIL CORP COM			51700								2,802,140
				NATIONAL OILWELL VARCO COM STK			84000								3,703,560
				NBTY INC COM			6767								294,635
				NEW YORK TIMES CO CL A ISIN #US6501111073			103800								1,282,968
				NIKE INC CL B			28000								1,849,960
				NISOURCE INC COM			142800								2,196,264
				NRG ENERGY INC COM NEW			24600								580,806
				NUCOR CORP COM			56000								2,612,400
				NYSE EURONEXT COM STK			48100								1,216,930
				O REILLY AUTOMOTIVE INC COM			13600								518,432
				OCWEN FINL CORP COM NEW COM NEW			87358								836,016
				PALL CORP COM			13600								492,320