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Gift To Support Capital Improvement Projects For Advanced Engineering Program
Corporation (NYSE: HRS), an international communications and information
technology company, has signed an agreement to make a $2 million donation to
the Georgia Institute of Technology's School of Electrical and Computer
Engineering (ECE). The gift, made through the Harris Foundation, will help
support a capital campaign for construction of a new ECE headquarters and the
renovation of the school's 47-year-old Van Leer Building, where some 7,000
students receive instruction each year.
Harris will donate $500,000 each year for four years beginning in 2010 -- the
anticipated completion date of the Georgia Tech Foundation's private fund
drive for the new facilities. Specifically, the Harris gift is intended for
construction of an auditorium or other similar space. Harris has a
decades-long partnership with Georgia Tech and its School of Electrical and
Computer Engineering, which is the largest producer of electrical and computer
engineers by degree in the nation. The company employs nearly 200 of the
Howard L. Lance, chairman, president and chief executive officer of Harris,
and Dr. G.P. "Bud" Peterson, president of Georgia Tech, signed an agreement
for the donation during a special ceremony at the Harris Customer Briefing
Center in Melbourne, Florida. The event also included a reception attended by
Harris employees who are Georgia Tech graduates and by other representatives
from the university.
"While it may be tempting for corporations to reduce educational support
during challenging economic times, at Harris we believe that this is exactly
the right time to invest in our company's future by supporting excellent
schools like Georgia Tech, whose graduates have helped make Harris a national
and global leader in the communications and information technology sectors,"
said Lance. "Our investments in education and university partnerships pay
dividends many times over."
"Our faculty and students are currently scattered across 10 buildings around
the campus, the Van Leer classrooms are outdated, and the building lacks
adequate laboratory facilities," said Dr. Gary S. May, professor and Steve W.
Chaddick School Chair of Electrical and Computer Engineering, who attended the
check presentation. "Clearly, this generous lead gift from Harris Corporation
provides significant momentum for the school's long-term capital needs and
helps to create a new presence that will serve us well in the 21st Century."
In addition to the $2 million gift announced today, Harris has donated some
$280,000 to the university since 2006. This includes a five-year, $250,000
pledge for a research lab in the Nanotechnology Research Center, and another
$30,000 to support various programs within the School of Electrical and
About Harris Corporation
Harris is an international communications and information technology company
serving government and commercial markets in more than 150 countries.
Headquartered in Melbourne, Florida, the company has approximately $5 billion
of annual revenue and more than 15,000 employees -- including nearly 7,000
engineers and scientists. Harris is dedicated to developing best-in-class
assured communications(R) products, systems, and services.
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