Business

CEO Ousted and Stock Drop

Updated 2026-08-17 20:40 UTC 1 source Negative

L3Harris ousted CEO Chris Kubasik over unspecified conduct. The company's stock dropped by 4% following the announcement.

Coverage timeline — 1 article
CNBC
Chris Kubasik was ousted as Lockheed Martin's incoming CEO in 2012 after what that company called "close personal relationship with a subordinate employee."
2026-08-17 20:32 UTC
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