L3Harris ousts CEO Christopher Kubasik after investigation into conduct violations

L3Harris Technologies replaced Christopher Kubasik as chairman and CEO on August 17, 2026, after an independent investigation found he violated the company's code of conduct. The conduct does not impact financial reporting or operations. Kubasik will receive no severance. Sam Mehta, head of space and communications, becomes president and CEO, while Lewis Hay III takes over as chairman. Kubasik previously faced a similar ouster from Lockheed Martin in 2012.

Kubasik removal as L3Harris CEO

• ▪L3Harris Technologies replaced Christopher Kubasik as chairman and chief executive officer on August 17, 2026, following a board determination that his removal was in the company's best interest.
• ▪Christopher Kubasik will not receive severance payments, benefits, or accelerated stock-based awards from L3Harris Technologies, but will be allowed to retain and exercise some previously vested stock options.
• ▪In 2012, Christopher Kubasik was ousted from rival defense contractor Lockheed Martin, where he was set to become chief executive officer, for engaging in a personal relationship with a subordinate.

Code of conduct violation investigation

• ▪L3Harris Technologies did not provide details on when the company received the initial report regarding Christopher Kubasik's potential code of conduct violation.
• ▪L3Harris Technologies stated that Christopher Kubasik's alleged conduct did not involve and has no impact on the company's financial reporting, controls, customer relationships, or operational performance.
• ▪L3Harris Technologies removed Christopher Kubasik after an investigation, conducted with the aid of independent counsel, determined he violated the defense contractor's code of conduct.

L3Harris leadership succession

• ▪L3Harris Technologies named Sam Mehta, the head of its space and communications systems business, as its new president and chief executive officer.
• ▪L3Harris Technologies appointed Lewis Hay III, who previously served as the lead independent director, to serve as the company's new chairman.

L3Harris merger creating defense challenger

• ▪The merger of L3 Technologies and Harris Corp. created a fast-growing challenger to traditional prime contractors responsible for a large portion of the Pentagon's budget.
• ▪Christopher Kubasik helped lead the merger of L3 Technologies with Harris Corp. to create L3Harris Technologies.

Company business scope spanning satellites

• ▪The space and communications systems business units of L3Harris Technologies account for more than 80% of the company's total revenue.
• ▪L3Harris Technologies overhauled a Qatari plane that is currently utilized as Air Force One.
• ▪The business operations of L3Harris Technologies span government contracts ranging from secretive military satellites to commercial air-traffic control systems.

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