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Defense Contractor L3Harris Removes CEO Chris Kubasik Following Internal Investigation
Just the facts
Defense contractor L3Harris Technologies removed CEO Chris Kubasik following a board review regarding unspecified personal conduct that violated company standards. The board appointed an interim executive leader while launching a formal search process for a permanent successor. Share prices for L3Harris declined by approximately 4 percent in trading following the public announcement. Company officials stated the executive leadership transition will not impact ongoing military hardware contracts or financial performance targets.
Why this is news
The board of directors at defense technology contractor L3Harris Technologies announced the immediate termination of Chief Executive Officer Chris Kubasik.
Sources
This summary is compiled strictly from the original reporting below.