...August 18, 2026 This report does not constitute a rating action. NEW YORK (S&P Global Ratings) Aug. 18, 2026--S&P Global Ratings today said that L3Harris Technologies Inc.'s (###/Stable/A-2) change in CEO to Sam Mehta does not affect our view of its business strategy, though it represents a near-term distraction. As such, our ratings and outlook are unchanged. Mehta, previously the head of its largest business units, replaced Chris Kubasik as CEO, while Lewis Hay III replaced Kubasik as chairman of the Board of Directors. Mehta joined the company in 2023 and previously served in senior roles in the defense industry, which provides leadership continuity. L3Harris reported that Mr. Kubasik had not adhered to its code of conduct, without providing further details. The company stated that the divergence was unrelated to financial reporting, controls, customer relationships, or operational performance. As part of the leadership transition announcement, the company affirmed its financial guidance...
