L3Harris appoints Sam Mehta CEO; Kubasik exits after conduct probe

L3HARRIS TECHNOLOGIES, INC. /DE/

Sam Mehta named President and CEO effective Aug 17, 2026; also joins Board.
Christopher Kubasik stepped down as Chairman/CEO after Board investigation found conduct inconsistent with Code of Conduct; no impact on financials.
Lewis Hay III named Independent Chairman; Lauren Barnes (SMS) and Christopher Aebli (CSD) appointed segment presidents.
Mehta's compensation: $1.25M base salary, 200% target bonus, $13.25M LTI target.
Company reaffirms 2026 revenue, organic growth, segment operating margin, GAAP EPS, and free cash flow.

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