L3Harris shakes up leadership as Kubasik is ousted, Mehta named CEO
L3Harris fired chairman and CEO Chris Kubasik after a conduct violation and named Sam Mehta as CEO with Lewis Hay becoming chairman; the news led to a roughly 3% stock drop, but analysts expect no lasting impact on its core defense business, and the company reaffirmed its 2026 guidance and a $3 billion plan to expand solid rocket motor production.