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L3Harris CEO ouster

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FIRST ENTRY AUG 17
AUG 17 · Day 1

L3Harris ousts CEO Chris Kubasik

An initial public offering for L3Harris' missile business has been postponed from the latter half of 2026 until mid-2027

L3Harris said the ouster was unrelated to the company's financial reporting, controls, customer relationships or operational performance

Shares of L3Harris fell by more than 4% following news of Kubasik's ouster

“does not admit, and expressly disclaims, any violation of Company policy or basis for termination for 'cause,' but has determined to resolve all matters relating to the Executive's separation from employment on the terms set forth in this Agreement.”
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