L3HARRIS TECHNOLOGIES, INC. INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates L3Harris Technologies, Inc.’s Directors and Officers for Breach of Fiduciary Duties – LHX
Scott+Scott Attorneys at Law LLP has launched an investigation into L3Harris Technologies, Inc. (NYSE: LHX) regarding potential breaches of fiduciary duties by its directors and officers. This investigation follows the separation agreement with CEO Chris Kubasik due to undisclosed code of conduct violations, allowing him to retain $80 million in stock and options despite a history of ethics issues at a previous company. Shareholders are encouraged to join the investigation to explore potential damages and rights.
Meeder Advisory Services Inc. Acquires New Position in L3Harris Technologies Inc $LHX
Meeder Advisory Services Inc. has acquired a new stake in L3Harris Technologies Inc (NYSE:LHX), purchasing 4,809 shares valued at approximately $1,397,000 during the 2nd quarter. This move is part of broader institutional investor activity, with other major firms like Vanguard Group Inc. and BlackRock Inc. also holding significant positions in the company. Analysts currently rate L3Harris Technologies with a "Moderate Buy" and a consensus price target of $365.00, following recent earnings that surpassed expectations.
Diversify Advisory Services LLC Purchases Shares of 5,112 L3Harris Technologies Inc $LHX
Diversify Advisory Services LLC recently acquired 5,112 shares of L3Harris Technologies (NYSE: LHX) worth approximately $1.55 million in Q2. Institutional investors collectively own 84.76% of the company, which reported strong Q2 earnings of $3.13 EPS, beating estimates, and revenue growth of 8.4%. Despite shares opening below moving averages, analysts maintain a "Moderate Buy" rating with an average price target of $365, and the company announced a quarterly dividend of $1.25.
L3Harris (LHX) Stock Looks Reasonable Even As Fair Value Stays Higher
L3Harris Technologies (LHX) stock has seen a significant 64.9% gain over the past three years. Despite a recent leadership change and stock price weakness, the company appears undervalued based on a Discounted Cash Flow (DCF) analysis, which suggests a 36.0% discount to its estimated intrinsic value. However, a P/E ratio cross-check indicates the stock is priced closer to fair value relative to its earnings profile and industry peers.
L3Harris (LHX) Reaffirmed Guidance After Replacing Its CEO. Why Did Shares Fall 4.6%?
L3Harris Technologies (LHX) shares fell 4.6% after the company abruptly replaced its CEO due to conduct inconsistent with company values, though the matter was unrelated to financial reporting. Despite reaffirming its 2026 outlook, the stock declined due to investor uncertainty regarding board oversight and leadership stability. The new CEO, Sam Mehta, was already an internal leader, but investors remain concerned about governance until the board demonstrates the issue was isolated.
Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells 26,500 Shares
Kratos Defense & Security Solutions (NASDAQ:KTOS) insider Phillip Carrai sold 26,500 shares of the company's stock for approximately $1.68 million. This transaction, executed under a pre-arranged Rule 10b5-1 trading plan, reduced his holdings by 12.7%. The company recently reported strong quarterly performance with adjusted earnings of $0.21 per share and revenue up 30.5% year over year, though its shares trade at a high P/E ratio and analysts maintain a "Moderate Buy" consensus.
L3Harris (LHX) Reaffirmed Guidance After Replacing Its CEO. Why Did Shares Fall 4.6%?
L3Harris Technologies (LHX) saw its shares fall by 4.6% after the abrupt replacement of its CEO, Christopher Kubasik, following a board investigation into his conduct. Despite reaffirming its 2026 financial guidance, investors reacted to uncertainty regarding leadership stability and corporate governance rather than immediate earnings risks. The company appointed Sam Mehta as the new CEO and promoted other executives, emphasizing continuity and the new CEO's familiarity with the business, though questions about governance remain.
Top Research Reports for NVIDIA, Applied Materials & ConocoPhillips
Zacks Research Daily has released new research reports on 16 major stocks, including NVIDIA Corp., Applied Materials, Inc., and ConocoPhillips. NVIDIA benefits from strong AI demand and a robust product roadmap, while Applied Materials is capitalizing on AI-driven investment in semiconductor manufacturing. ConocoPhillips offers a balanced long-term profile with low-cost assets and LNG exposure, though it faces risks from commodity price swings and geopolitical uncertainty.
NASA awards $100M spacecraft contract to 4 companies, including 2 based in Brevard
NASA has awarded a $100 million spacecraft contract to four companies, two of which are based in Brevard. This new contract is expected to bring significant opportunities to the Space Coast aerospace industry. The article also mentions a related upcoming event, the 2026 DBI Space Coast.
Aerospace technology manufacturer adding 50 Cincinnati jobs
L3Harris Technologies Inc., based in Melbourne, Florida, is expanding its operations in the Cincinnati region by adding 50 new jobs at its Clermont County facility. This expansion is driven by an increase in demand for its output from the U.S. military. The company is actively growing its local workforce to meet these heightened production requirements.
Deutsche Bank AG Takes Position in L3Harris Technologies Inc $LHX
Deutsche Bank AG has acquired a new position in L3Harris Technologies Inc (NYSE:LHX), purchasing 598,801 shares valued at approximately $174 million during the second quarter. This move makes Deutsche Bank AG a significant institutional investor, owning about 0.32% of the company. Other major institutional investors have also adjusted their holdings in L3Harris Technologies, indicating broad investor interest in the aerospace and defense firm.
61,166 Shares in Mercury Systems Inc $MRCY Acquired by Deepwater Asset Management LLC
Deepwater Asset Management LLC has acquired 61,166 shares of Mercury Systems Inc (NASDAQ:MRCY) during the second quarter, making it their 13th largest holding. This acquisition, valued at approximately $7.48 million, represents about 3.4% of Deepwater's portfolio. The article also details other institutional investor activity, insider trading, and recent financial performance and analyst ratings for Mercury Systems.
Aljian Capital Management LLC Acquires New Position in L3Harris Technologies Inc $LHX
Aljian Capital Management LLC has acquired a new position in L3Harris Technologies Inc, purchasing 7,705 shares valued at approximately $2.239 million in the second quarter. This move is part of broader institutional investor activity, with several other major firms also adjusting their stakes in L3Harris. The article also provides a financial overview of L3Harris, including its stock performance, recent earnings, dividend announcement, and analyst ratings, noting a consensus "Moderate Buy" rating.
LHX Stock in Focus as L3Harris Technologies Ousts CEO
L3Harris Technologies (LHX) saw its shares dip then recover after the sudden ousting of CEO Christopher Kubasik due to conduct inconsistent with company values, unrelated to financial performance. The defense giant quickly appointed Sam Mehta as the new CEO, reassuring investors and reiterating 2026 guidance. Analysts remain bullish, viewing the stock's year-to-date dip as a buying opportunity given the company's strong fundamentals, attractive valuation compared to peers, and healthy dividend yield.
Viasat Selects Rocket Lab to Build Small GEO Satellite Bus for Space Force PTS-G Program
Viasat has chosen Rocket Lab to build a small geosynchronous Earth orbit (GEO) satellite bus for the U.S. Space Force's Protected Tactical SATCOM-Global (PTS-G) program. Rocket Lab will deliver a specialized GEO variant of its modular Lightning satellite platform, featuring a high-power architecture and vertically integrated subsystems. This collaboration supports the Space Force's shift towards proliferated and maneuverable GEO architectures to accelerate acquisition and lower deployment costs for military communications.
Ousted L3Harris CEO Chris Kubasik forfeits $45 million—but he’ll still walk away with $80 million in stock and options
L3Harris CEO Chris Kubasik was forced out after a board investigation found he violated the company's code of conduct. While he forfeits $45 million in equity awards and receives no severance, Kubasik will still retain approximately $80 million in existing stock and options. This marks his second departure from a major defense contractor due to ethical investigations, having previously left Lockheed Martin under similar circumstances.
Redwire expands space-based drug research with dedicated Starfall mission
Redwire's subsidiary, Space Microgravity Development LLC (SpaceMD), has contracted with SpaceX for a dedicated "Starfall" mission in 2028. This mission will significantly expand space-based pharmaceutical research by carrying up to 32 of Redwire's PIL-BOX systems, aiming to accelerate drug discovery in microgravity. The initiative leverages Redwire's extensive experience in space life sciences research, supporting the development of new drug formulations and therapeutics.
Which Space and Defense ETF Is the Better Buy: ARK's ARKX or First Trust's MISL?
This article compares two space and defense ETFs: ARK's ARKX and First Trust's MISL, to help investors decide which is a better buy. ARKX offers an actively managed, high-volatility approach focused on innovation, while MISL provides a lower-cost, passive index-tracking strategy with less volatility. The comparison highlights their expense ratios, historical performance, asset under management, and key holdings, noting ARKX's higher returns over three years come with significantly higher risk.
Raytheon gets $23B Navy contract to boost Tomahawk missile production
Raytheon, a subsidiary of RTX, has been awarded a $22.9 billion contract by the U.S. Navy to significantly increase the production of Tomahawk missiles over seven years. This contract aims to expand Raytheon's workforce, accelerate missile production, and stabilize its supply chains. Additionally, RTX and Boeing have signed agreements to boost component manufacturing for Standard Missile-3 variants, supporting the DOD's "Arsenal of Freedom" strategy to strengthen the defense industrial base.
USSF Selects Rocket Lab For Space Data Network Consortium, Awarded $12M in Contracts to Support Global Military Communications Network
Rocket Lab has been selected to join the U.S. Space Force’s Space Data Network (SDN) Consortium and awarded $12 million in contracts. The company will support the SDN-B program, which aims to develop a secure, high-speed global satellite communications network for military operations. Rocket Lab will leverage its expertise in end-to-end space systems, including an in-orbit demonstration using a Photon spacecraft, to ensure seamless communication and interoperability for the Joint Force.
Wabash National (NYSE:WNC) Breaks A Key Market Trend
Wabash National (NYSE:WNC) has garnered
CEO Of Defense Contractor L3Harris Technologies Leaves Post Over 'Conduct.' Its Stock Dropped.
The CEO of defense contractor L3Harris Technologies, Chris Kubasik, has resigned over "certain conduct" deemed inconsistent with company values, causing a drop in the company's stock. This marks the second time Kubasik has stepped down from a leadership role due to "conduct" issues, previously at Lockheed Martin. Sam Mehta has been appointed as the new CEO.
The U.S. Navy awarded a cyber contract to 29 prime awardees, including DLH
DLH Holdings Corp. (NASDAQ: DLHC) announced it has been awarded a multiple-award indefinite delivery/indefinite quantity (ID/IQ) contract by the U.S. Navy for cyberspace activities. DLH is one of 29 prime awardees on this seven-year contract, which has a total ceiling of $400 million, enabling the company to compete for task orders for various technical services related to Navy cyberspace systems.
L3Harris fires CEO Chris Kubasik after conduct investigation
L3Harris Technologies has removed CEO Christopher Kubasik following a board investigation into conduct inconsistent with the company's code of conduct. Sam Mehta, a senior executive who oversaw divisions accounting for 80% of revenue, has been named his replacement, with Lewis Hay III becoming independent chairman. The company reaffirmed its 2026 financial guidance despite a more than 4% drop in stock price after the announcement.
SharkNinja Is Building an AI Tool to Monitor Profitability in Real Time
Appliance manufacturer SharkNinja is developing an AI tool to allow its finance team to monitor profitability in real time, a process that could significantly reduce the time needed to build monthly forecasts. According to CFO Adam Quigley, the current manual forecasting process can take several weeks, leading to delayed reactions to financial data. This AI initiative is part of SharkNinja's broader investment in artificial intelligence across its operations.
Perigon Wealth Management LLC Acquires New Stake in L3Harris Technologies Inc $LHX
Perigon Wealth Management LLC has acquired a new stake in L3Harris Technologies Inc, purchasing 9,180 shares valued at approximately $2.67 million. This comes as L3Harris reported strong quarterly earnings, beating estimates with $3.13 EPS and an 8.4% revenue increase, and maintained its fiscal 2026 EPS guidance. The company also announced a new CEO, Sam Mehta, following the departure of Christopher Kubasik due to a conduct violation, and recently declared a quarterly dividend of $1.25 per share.
L3Harris CEO steps down after conduct investigation
L3Harris Technologies' Chairman and CEO, Christopher Kubasik, has resigned following an investigation into conduct deemed inconsistent with the company's values. The matter was unrelated to financial reporting, customer relations, or operational performance. Sam Mehta has been appointed as the new president and CEO, with Lewis Hay III named independent chairman.
Citizens Financial Group Inc. RI Takes $2.98 Million Position in L3Harris Technologies Inc $LHX
Citizens Financial Group Inc. RI has acquired a new stake of 10,268 shares in L3Harris Technologies Inc. valued at approximately $2.98 million. Institutional investors collectively own 84.76% of L3Harris, which recently reported strong quarterly earnings and declared a $1.25 dividend. Despite a "Moderate Buy" consensus rating from analysts, the company faces governance risks due to a recent CEO transition and conduct-related controversy.
5,175 Shares in L3Harris Technologies Inc $LHX Bought by Buckland Partners Management Co LLC
Buckland Partners Management Co LLC recently acquired 5,175 shares of L3Harris Technologies Inc (NYSE:LHX) valued at approximately $1.5 million. This purchase is part of broader institutional investor activity, with a collective 84.76% of the company's stock owned by such entities. L3Harris reported strong quarterly earnings, beating estimates with $3.13 per share and an 8.4% revenue increase, and has reaffirmed its fiscal 2026 EPS guidance.
L3Harris Technologies (NYSE:LHX) Stock Sold Off Rep. Richard McCormick
Representative Richard McCormick recently sold $1,001–$15,000 worth of L3Harris Technologies (NYSE:LHX) shares on July 30th from his Growth Partners Roth IRA, alongside sales of several other blue-chip stocks. Despite beating quarterly earnings and revenue estimates and declaring a quarterly dividend, LHX shares opened down 4.7%. The company is also navigating a recent CEO transition due to a conduct violation, which has raised governance concerns.
L3Harris Technologies (LHX) Ousted CEO Chris Kubasik Over A Code Of Conduct Violation
L3Harris Technologies (NYSE:LHX) removed CEO and Chair Chris Kubasik due to a code of conduct violation unrelated to financial matters and appointed Sam Mehta as his successor. The company reaffirmed its 2026 guidance, signaling a commitment to existing program priorities, including missile defense, space, and LHX NeXt. This leadership change and recent Rocketdyne separation position L3Harris to focus on future contracts, though investors will watch quarterly results and contract updates to assess the impact of this reset.
L3Harris Technologies (LHX) Ousted CEO Chris Kubasik Over A Code Of Conduct Violation
L3Harris Technologies (LHX) has removed CEO and Chair Chris Kubasik due to a code of conduct violation unrelated to financial matters, appointing Sam Mehta as his successor. The company recently completed the sale of its space propulsion, power, and electronics units to AE Industrial Partners, forming Rocketdyne, and reaffirmed its 2026 guidance. This leadership change comes as L3Harris focuses on missile defense and space contracts, with investors now watching how Mehta will manage execution, high debt, and program risk in upcoming quarterly results.
L3Harris Technologies appoints Sam Mehta as new CEO
L3Harris Technologies, a defense contractor, has appointed Sam Mehta as its new President and CEO. Mehta joined the company in 2023 and has over 25 years of experience in the aerospace and defense industry. His predecessor, Chris Kubasik, is leaving due to conduct inconsistent with company values, though unrelated to performance.
NASA picks Blue Origin, Firefly, L3Harris for $100M spacecraft contract (LHX:NYSE)
NASA has selected All Points Logistics, Blue Origin, Firefly Aerospace, and L3Harris Technologies for a spacecraft and rocket-hardware processing contract with a combined ceiling of $100 million. This expansion through an "on-ramp" process aims to increase competition for various space-related work. The contract will provide these companies with opportunities to secure additional revenue through future orders from NASA.
L3Harris ousts CEO Kubasik over conduct violation
L3Harris Technologies announced that CEO Christopher Kubasik has stepped down due to a misconduct investigation. The board appointed Sam Mehta, who joined the company in 2023, as the new CEO. Kubasik will not receive severance but can retain vested stock options.
Defense contractor L3Harris ousts CEO Chris Kubasik over unspecified 'conduct,' stock drops 4%
Defense contractor L3Harris Technologies ousted CEO Chris Kubasik due to "certain conduct... that was not consistent with the values of the Company." Shares of L3Harris fell over 4% following the announcement. Sam Mehta has been appointed as the new CEO and president, and reports suggest Kubasik's ouster stemmed from an inappropriate relationship with an employee, echoing a similar incident from his past at Lockheed Martin.
L3Harris ousts CEO Chris Kubasik over unspecified 'conduct,' stock drops 4%
L3Harris Technologies has ousted CEO Chris Kubasik due to "conduct not consistent with the values of the Company," leading to a 4% drop in stock. Sam Mehta has been appointed as the new CEO and president. This comes seven months after a significant investment from the Defense Department in L3Harris's missile solutions business.
L3Harris ousts CEO Christopher Kubasik after probe finds he violated code of conduct
L3Harris Technologies announced that Chairman and CEO Christopher Kubasik has been ousted after a board investigation found he violated the company's code of conduct. Sam Mehta has been named the new CEO, effective immediately. Kubasik's departure is not related to financial reporting or operational performance, and he will not receive severance payments, though he can retain some vested stock options.
Kubasik ousted as L3Harris CEO following conduct violation, company says
L3Harris has removed Chris Kubasik from his role as chairman and chief executive after an internal investigation found he violated the company's code of conduct. Sam Mehta, who leads L3Harris’s space business, will take over as CEO, and Lewis Hay will become chairman of the board. The company stated that the conduct was unrelated to financial reporting, customer relationships, or operational performance, and reaffirmed its financial projections for 2026.
L3Harris CEO Steps Down After Conduct Review. The Stock Drops.
The CEO of L3Harris Technologies unexpectedly stepped down following a conduct review, causing the company's stock to drop. This change at the top unnerved investors on Monday, particularly after the stock had already seen a nearly 20% decline since recent fighting began in Iran.
L3Harris promotes Mehta to CEO in abrupt leadership change
L3Harris Technologies has promoted Sam Mehta to CEO following the abrupt departure of former CEO Chris Kubasik. Kubasik stepped down after an investigation found conduct inconsistent with the company's code of conduct, though not related to financial or operational performance. Mehta joined L3Harris in 2023 and his promotion occurs as the company plans to take its missile solutions segment public in mid-2027.
L3Harris Ousts Christopher Kubasik as Chairman, CEO After Investigation Into His Conduct
L3Harris Technologies has removed Christopher Kubasik as its chairman and CEO following an investigation into an alleged violation of the company's code of conduct. The defense contractor stated that Kubasik's alleged conduct did not impact the company's financial reporting, controls, customer relationships, or operational performance. A new chief has been named from the head of its space and communications systems business.
L3Harris names space sector leader Sam Mehta CEO after Kubasik steps down
L3Harris Technologies has appointed Sam Mehta, previously head of its space business, as the new chief executive following the abrupt departure of Christopher Kubasik. Kubasik stepped down after a board investigation found conduct inconsistent with the company's code of conduct, though unrelated to financial matters. Mehta's promotion positions him to lead the company's focus on increased Pentagon spending for missile defense and national security space programs.
L3Harris CEO ousted for relationship with subordinate
L3Harris CEO Chris Kubasik was ousted after an independent probe found he engaged in an inappropriate relationship with an employee, a situation mirroring a previous incident at Lockheed Martin. The defense contractor stated Kubasik's conduct was inconsistent with company values, though specific details were withheld. Despite the termination, Kubasik will retain part of his pay package, unlike other CEOs in similar situations.
L3Harris Parts Ways With Chairman, CEO Kubasik Over Conduct
L3Harris Technologies announced that its Chairman and CEO, Christopher Kubasik, has stepped down from his roles. The company cited violations of company policy as the reason for his departure. An internal investigation led to the decision, and details regarding the specific conduct were not immediately disclosed.
L3Harris Parts Ways With Chairman, CEO Kubasik Over Conduct
L3Harris Technologies announced that its chairman and CEO, Christopher Kubasik, has left the company due to a violation of its code of conduct. The company stated that the alleged conduct did not impact its financial reporting, customer relationships, or operational performance. Sam Mehta has been named the new president and CEO, and Lewis Hay III will serve as chairman.
Form 8K L3Harris Technologies Inc For: 17 August By Investing.com
This article is a brief notification from Investing.com about an SEC Form 8K filing by L3Harris Technologies Inc. for August 17. It provides the title of the filing and mentions the company's stock symbol LHX, along with its current percentage change. The content itself is very minimal, serving primarily as an announcement of the filing.
Form 8K L3Harris Technologies Inc For: 17 August By Investing.com
This article reports on the filing of a Form 8K by L3Harris Technologies Inc. The brief news item indicates that the filing is related to August 17th. The article provides the stock symbol LHX and notes a 1.16% increase for the company.
L3Harris names insider Sam Mehta CEO as Christopher Kubasik steps down
L3Harris Technologies has appointed Sam Mehta as its new CEO, effective immediately, following the departure of Christopher Kubasik due to a board investigation into conduct inconsistent with the company's code of conduct. Mehta previously led the Space & Mission Systems and Communications & Spectrum Dominance segments, which account for about 80% of L3Harris's total revenue, and joined the company in 2023. Shares of the defense contractor fell 3% after the announcement.
L3Harris Replaces CEO Kubasik After Investigation Into Conduct
L3Harris Technologies Inc. has replaced its CEO, Christopher Kubasik, following an investigation into conduct deemed inconsistent with company values. The aerospace manufacturer stated the matter is unrelated to its financial reporting, controls, customer relationships, or operational performance. This announcement marks a significant leadership change for one of the largest U.S. defense contractors.
