Harmon Industries Awarded New Jersey Transit Contract

BLUE SPRINGS, Mo. (Thursday, November 14, 1996) -- Harmon Industries Inc., a leading supplier of signal and control equipment for railroad and rail-transit systems throughout North America and the world, announced today it was awarded a contract worth more than $17 million from Raytheon Infrastructure Services, Inc., the lead member of the 21st Century Rail Corp. Inc. consortium.

The New Jersey Transit Authority recently awarded 21st Century Rail Corp. Inc. a contract to build the Hudson-Bergen Light Rail Transit System, an 11-mile, double-track, light-rail system linking Bayonne, N.J., with Hoboken, N.J. Ridership for the line is projected to be 100,000 passengers per day. Harmon will design and build the microprocessor-based train control systems with automatic train identification and central control computer used in this project. Completion of the initial segment is scheduled for the first quarter of 2000.

"This project will feature our proven microprocessor-based train control technology," said Björn Olsson, president and chief executive officer of Harmon Industries. "This contract not only represents another opportunity for Harmon to demonstrate our full-service capabilities in the rail-transit marketplace, but it is also the largest single contract ever awarded Harmon Industries, a sign that our customers have confidence in our ability to handle large projects."

Harmon Industries, Inc. is a leading supplier of signal and train control products to freight and rail-transit systems throughout North America and the world. The company is traded in the over-the-counter market and is quoted on the NASDAQ National Market System under the symbol HRMN. For further information, please contact Charles M. Foudree, executive vice president-finance and chief financial officer, Harmon Industries Inc., 1300 Jefferson Court, Blue Springs, MO 64015. The telephone number is (816) 229-3345.

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