What Happened
Defense Industry Veteran Sam Mehta Takes Over As CEO
L3Harris has removed Chris Kubasik as its CEO and chairman after an investigation found he had violated the company’s code of conduct. Sam Mehta, a defense industry veteran, will take over as CEO, while Lewis Hay becomes chairman of the board. The leadership change has caused a modest decline in L3Harris shares, but analysts do not expect a lasting impact on the company’s operations. L3Harris reaffirmed its financial projections for 2026 and remains committed to its capital buildout plans, as reported by Breaking Defense.