L3Harris Ousts CEO Kubasik Over Conduct Breach
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- L3Harris ousted CEO Kubasik after an internal investigation found a conduct violation, sending shares lower on the announcement.
- Mehta, a company insider, was named by L3Harris as Kubasik's permanent replacement.
Why it matters: The ouster removes Kubasik mid-teniture at one of the Pentagon's largest contractors over a personal-conduct finding, and the immediate stock drop shows the transition caught investors off guard. Naming an insider rather than an outside CEO suggests L3Harris wants continuity at the top while it stabilizes leadership.
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