L3Harris appoints Sam Mehta CEO as Kubasik steps down

L3Harris Technologies, Inc. (NYSE: LHX) appointed Sam Mehta as president and chief executive officer and a member of the board, effective immediately, according to an Aug. 17 Form 8-K and press release. Christopher Kubasik stepped down as chairman and CEO and resigned from the board the same day. Lead independent director Lewis Hay III was named independent chairman.

Mehta, 53, joined L3Harris in 2023 and most recently served as president of the Space & Mission Systems and Communications & Spectrum Dominance segments, which the company said comprise approximately 80% of total revenue. The board set his annual base salary at $1,250,000, a target annual cash bonus of 200% of base salary (both prorated for 2026), and a long-term incentive target of $13,250,000, also pro-rated for 2026.

Kubasik’s departure followed an investigation by independent board members with independent counsel. The board determined he engaged in conduct inconsistent with the company’s Code of Conduct. The filing said the conduct did not involve, and has no impact on, financial reporting, controls, customer relationships, or operational performance, and that his board resignation was not due to a disagreement on operations, policies, or practices. Under a separation agreement dated Aug. 16, 2026, he retains certain previously vested stock options but is not entitled to severance or accelerated vesting of unvested equity.

Lauren Barnes was appointed president of Space & Mission Systems and Christopher Aebli president of Communications & Spectrum Dominance. L3Harris reaffirmed 2026 consolidated revenue, organic growth, segment operating margin, GAAP earnings per share, and free cash flow.

By the numbers

• Mehta base salary: $1,250,000; target bonus: 200% of base (2026 prorated)
• Long-term incentive target: $13,250,000 (2026 prorated)
• SMS + CSD share of revenue: about 80%
• Separation agreement date: Aug. 16, 2026
• Guidance: 2026 consolidated metrics reaffirmed

Sources

1. L3Harris Technologies, Inc. Form 8-K, accession 0000202058-26-000066
2. L3Harris Technologies, Inc. Form 8-K Exhibit 99.1 press release

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