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CEO Exit Leaves L3Harris Stock in the Discount Bin
The Wall Street Journal27d agoneutral
CEO Exit Leaves L3Harris Stock in the Discount Bin

L3Harris shares are down roughly 11% this year, lagging other big U.S. defense companies. The abrupt exit of CEO Christopher Kubasik after a probe into allegations of inappropriate conduct with a subordinate has weighed on the stock, which now looks like a cheap way to bet on missile rearmament.

SharkNinja Is Building an AI Tool to Monitor Profitability in Real Time
The Wall Street Journal37d agoneutral
SharkNinja Is Building an AI Tool to Monitor Profitability in Real Time

Appliance maker SharkNinja is building a tool to allow its finance team to monitor profitability in real time, potentially shaving weeks off the cumbersome process of building a forecast. The tool is one of several big bets that SharkNinja is making on AI. For the company’s finance function, building a monthly forecast can take as long as several weeks, according to Chief Financial Officer Adam Quigley.

The Morning Risk Report: L3Harris Ousts CEO After Investigation Into Conduct
The Wall Street Journal37d agobearish
The Morning Risk Report: L3Harris Ousts CEO After Investigation Into Conduct

L3Harris Technologies, the company that overhauled a Qatari plane now used as Air Force One, has replaced Christopher Kubasik as chairman and chief executive after an investigation determined he violated the defense contractor’s code of conduct. Kubasik’s alleged conduct didn’t involve and has no impact on the Melbourne, Fla., company’s financial reporting, controls, customer relationships or operational performance, L3Harris said Monday. Explanation: The company didn’t give details on when it received a report of the potential violation.

The Crucial Moment That Companies Miss After They Oust a CEO
The Wall Street Journal37d agobearish
The Crucial Moment That Companies Miss After They Oust a CEO

It’s always noteworthy when a CEO of a multibillion-dollar company agrees to resign without severance and other perks. L3Harris only said that an investigation found the CEO had violated the company’s code of conduct and that his alleged behavior wouldn’t impact the company’s financial performance, business relationships and operations. The company may have reasons to stay silent, but the secrecy could also be a bad sign—if it continues and if the company doesn’t discuss Kubasik’s actions even with its employees, according to Guido Palazzo, a professor at Switzerland’s Université de Lausanne and co-author of last year’s book “The Dark Pattern: The Hidden Dynamics of Corporate Scandals.”

What’s News: Business & Finance
The Wall Street Journal37d agoneutral
What’s News: Business & Finance

WHATS NEWS BUSINESS FINANCE L3Harris Technologies, the contractor that overhauled a Qatari jet for use as Air Force One, replaced Christopher Kubasik as chairman and CEO after an investigation found that he violated the company’s code of conduct.

Tech, Media & Telecom Roundup: Market Talk
The Wall Street Journal38d agoneutral
Tech, Media & Telecom Roundup: Market Talk

Find insight on L3Harris Technologies, artificial intelligence, MDA Space and more in the latest Market Talks covering technology, media and telecom.

Investing.com38d agobearish
L3Harris CEO steps down amid conduct review, shares drop

Investing.com -- L3Harris Technologies shares fell roughly 2.7% in premarket trading Monday after the defense contractor announced the immediate departure of CEO Christopher Kubasik following a conduct review.

L3Harris Technologies Q2 Earnings Call Highlights
MarketBeat56d agoneutral
L3Harris Technologies Q2 Earnings Call Highlights

L3Harris Technologies (NYSE:LHX) reported higher second-quarter revenue, earnings and cash flow, citing broad-based growth across its three business segments and increased international sales. The defense contractor also raised its full-year 2026 revenue and earnings-per-share outlook while maintain