Overview
- L3Harris announced Monday, Aug. 17, 2026, that Christopher Kubasik had stepped down as chairman, chief executive and board member after a board investigation found conduct inconsistent with the company's code of conduct.
- The board said the matter did not involve financial reporting, controls, customer relationships or operational performance and that it reached a separation agreement with Kubasik.
- Sam Mehta, who has led L3Harris’s space and communications businesses, was named president and chief executive effective immediately and will join the company's board.
- The company elevated Lewis Hay III to chairman and reshuffled segment leadership by naming Lauren Barnes president of Space & Mission Systems and Christopher Aebli president of Communications & Spectrum Dominance.
- Management reaffirmed its major programs and commitments, including the $3 billion missile production buildout and the company's 2026 financial guidance, even as shares fell about 3% in early trading on investor concern.