L3Harris' CEO Departure Harkens Back to Lockheed Ouster in 2012
Dow Jones08-17 23:27
1127 ET - Chris Kubasik is out as CEO of L3Harris Technologies, a departure that likely has investors thinking back to his ouster from defense rival Lockheed Martin in 2012, Vertical Research Partners analysts Robert Stallard and Karl Oehlschlaeger say in a research note. L3Harris says Kubasik, also its chairman, was found to have violated the defense contractor's code of conduct. Kubasik was set to take the CEO role at Lockheed in 2012 before he was ousted for a "lengthy, close personal relationship" with a subordinate. Whatever drove this more recent departure, investors will likely conclude that the management change won't impact the underlying business, the analysts say.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments