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Wajeeh Khan

LHX Stock in Focus as L3Harris Technologies Ousts CEO

L3Harris LHX L3Harris Technologies

L3Harris Technologies (LHX) shares slipped in early trading on Aug. 18 before reversing their intraday decline as investors absorbed the sudden departure of CEO Christopher Kubasik. The defense giant ousted Kubasik following an internal board investigation that revealed conduct “inconsistent with the company’s core values,” and named Sam Mehta its new president and CEO.

Versus its year-to-date high, L3Harris stock is down more than 25% at the time of writing.

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