L3Harris Technologies’ stock tumbled today after a major leadership overhaul: Sam Mehta takes the helm as CEO, and Lewis Hay III becomes independent chairman, following the abrupt exit of former CEO Christopher Kubasik—whose departure was tied to conduct violating company standards, though not financial or operational issues. Despite reassuring investors of unchanged core operations and reaffirming its 2026 revenue forecast, market nerves triggered a sell-off. The defense sector’s bellwether now faces scrutiny as it must prove stability and deliver on targets to rebuild investor trust.
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