EXHIBIT 99.1

                  HARRIS COMPLETES SALE OF $150 MILLION OF 3.5%
                             CONVERTIBLE DEBENTURES

         MELBOURNE, Florida. August 26, 2002 - Harris Corporation (NYSE: HRS)
today announced that it has completed the private placement of $150 million of
its Convertible Debentures due 2022. The convertible debentures initially carry
an annual interest rate of 3.5%. The Convertible Debentures offering was
made only to qualified institutional buyers under Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act") and outside the
United States pursuant to Regulation S under the Securities Act. The interest
rate on the convertible debentures will be reset, within a specified range, in
2007, 2012, and 2017.

         These convertible debentures are unsecured obligations convertible
into shares of Harris common stock at a conversion price of $45.25 per share if
the closing price of Harris common stock on the New York Stock Exchange exceeds
certain levels for a specified period of time or in certain other circumstances.
This initial conversion price represents a 28.4% premium over Harris' closing
price of $35.25 on August 20, 2002. The convertible debentures were issued at
100% of the principal amount.

         Harris may redeem the convertible debentures commencing August 2007.
Holders may require Harris to repurchase the debentures, in whole or in part, on
specified dates in 2007, 2012, and 2017 or upon the occurrence of certain other
events.

         Harris intends to use the proceeds from the offering primarily for
working capital and general corporate purposes including the refinancing of
existing indebtedness.

         The convertible debentures and common stock issuable upon conversion
have not been registered under the Securities Act, or any state securities laws,
and unless so registered, may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state securities
laws.

         This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, any security and shall not constitute an offer,
solicitation or sale in a jurisdiction in which such offering would be unlawful.

         Cautionary Statement: Harris' statements in this press release that are
not historical fact and that relate to future plans or events are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements include the
intended use of proceeds. In addition, Harris' business is subject to the risks
and uncertainties described in Harris filings with the Securities and Exchange
Commission.