L3Harris falls as CEO exits following board investigation

L3Harris Technologies

17/08/2026 13:13

** Shares of U.S. defense contractor L3Harris Technologies LHX.N fall 2.8% to $283.78 in premarket trading
** Co names insider Sam Mehta as CEO, effective immediately
** Mehta succeeds Christopher Kubasik, who has stepped down from the top role after a board investigation into his conduct
** Thirteen out of 18 brokerages rate the stock "buy" or higher, five "hold"; their median PT is $384 - LSEG-compiled data
** Up to last close, the stock is down 0.6% YTD

 (Reporting by Sudeshna Ghoshal in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))