L3Harris ousts CEO Chris Kubasik over conduct, stock drops
Chris Kubasik during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, July 10, 2026. David Paul Morris | Bloomberg | Getty Images Defense contracting giant L3Harris Technologies ousted CEO Chris Kubasik on Sunday after learning he engaged in “certain conduct … that was not consistent with the values of the Company,” the company said in a statement on Monday. L3Harris’s board appointed Sam Mehta as CEO and president, the company said. Mehta most recently was the company’s president of the Space & Mission Systems and Communications & Spectrum Dominance segments. Shares of L3Harris fell by more than 4% on the heels of the news of Kubasik’s ouster, which “was unrelated to the Company’s financial reporting, controls, customer relationships or operational performance,” the company’s statement said. “Following its investigation of these matters with the assistance of independent counsel, the Board determined that it would be in the best interests of the Company to enter into a separation agreement with Kubasik,” the statement said. Kubasik’s ouster comes seven months after the Defense Department …








