🔴 L3Harris Technologies is trading 4.13% down today after CEO Christopher Kubasik departed following board investigation

L3Harris Technologies is trading 4.13% down now at $279.77 after Chairman and CEO Christopher Kubasik departed immediately following a board investigation into conduct inconsistent with the company’s Code of Conduct.

• The board appointed Sam Mehta president and CEO and Lewis Hay III independent chairman.
• The conduct reportedly did not involve financial reporting, controls, customer relationships, or operational performance.
• Same-day reports linked the decline to the leadership shock.