L3Harris Ousts CEO Kubasik over Conduct Breach, Names Insider Mehta as Replacement
The defense contractor also named Lewis Hay III independent chairman and reaffirmed its 2026 financial guidance.
- On Monday, L3Harris Technologies appointed Sam Mehta as President and CEO, effective immediately, following the departure of Christopher Kubasik after a board investigation.
- The board's investigation determined Kubasik's conduct was inconsistent with the company's code of conduct, though L3Harris stated the exit was unrelated to financial reporting or operational performance.
- Mehta, who previously led divisions accounting for about 80% of L3Harris total revenue, assumes the role as the company reaffirmed its 2026 consolidated revenue and free cash flow guidance.
- Lewis Hay III, L3Harris' Lead Independent Director, was named Independent Chairman of the Board, while shares fell 3% in premarket trading following the announcement.
- L3Harris remains committed to its previously announced $3 billion capital buildout to increase solid rocket motor production and strengthen supply chains for critical national defense needs.
23 Articles
23 Articles
Exclusive: L3Harris CEO ousted for relationship with subordinate
The ScoopL3Harris CEO Chris Kubasik was ousted by his board after an independent probe found he engaged in an inappropriate relationship with an employee, according to two people briefed on the probe.The probe was conducted by the $54 billion defense contractor’s outside law firm, and wrapped up in recent days, the people said.Kubasik was previously in line to take over as CEO of Lockheed Martin, before he was fired over a similar incident, invo…
L3Harris, a defence company that recently reformed a Qatar-donated aircraft currently used as the Air Force One, dismissed Christopher Kubasik from the positions of chairman of the board of directors and director-president, after an investigation determined that he violated the company's code of conduct. Kubasik's alleged conduct did not involve and has no impact on the company's financial results, controls, customer relations or operational per…
L3Harris ousts CEO Christopher Kubasik after probe finds he violated code of conduct
L3Harris Technologies said Monday Chairman and CEO Christopher Kubasik had left the company after a board investigation found he had engaged in conduct inconsistent with the defense contractor's code of conduct, sending its shares down 3% in morning trading.
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