Harris reduces anticipated 2016 sales

Harris said today that sales in its most recent quarter reached $1.9 billion, up from $1.2 billion in the same three-month period a year earlier.

Quarterly profit hit $168 million, up from $126 million the prior year. Those figures include the addition of Exelis, which Harris acquired in May of last year.

Harris said today it now expects fiscal 2016 revenue to reach $7.5 billion. The company last quarter had adjusted its guidance for fiscal 2016 revenue to fall within a range of $7.6 billion to $7.68 billion, down from a previous range of $7.67 billion to $7.83 billion.

Bill Brown, Harris' chief executive, said during a Tuesday morning call with analysts that the company is seeing lower tactical radio revenue from the Middle East.

"We believe the slow pace in the Middle East is temporary," he added.