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L3Harris Technologies ( (LHX) ) has provided an update.
On August 17, 2026, L3Harris Technologies appointed Sam Mehta as president and chief executive officer and to its board, effective immediately, while elevating lead independent director Lewis Hay III to independent chairman. The move follows the same-day resignation of chairman and CEO Christopher Kubasik after a board-led investigation found conduct inconsistent with the company’s code of conduct, though the board said the behavior did not affect financial reporting, controls, customer relationships or operations.
In a broader leadership reshuffle, L3Harris named Lauren Barnes president of Space & Mission Systems and Christopher Aebli president of Communications & Spectrum Dominance, filling the roles Mehta previously held over segments that account for most of the company’s revenue. The board’s decision to withhold severance and accelerated vesting from Kubasik, while reaffirming 2026 revenue, profitability and cash flow guidance, signals an effort to enforce governance standards without disrupting operational performance or investor confidence.
The most recent analyst rating on (LHX) stock is a Hold
with a $298.00 price target.
To see the full list of analyst forecasts on L3Harris Technologies stock,
see the LHX Stock Forecast page.
Spark’s Take on LHX Stock
According to Spark, TipRanks’ AI Analyst, LHX is a Neutral.
The score is driven primarily by solid financial performance and a strong earnings-call read-through (robust organic growth, record backlog, and higher EPS guidance). These positives are offset by weak technical positioning with the stock below key moving averages, and a valuation that appears relatively rich on P/E despite a moderate dividend yield.
To see Spark’s full report on LHX stock,
click here.
More about L3Harris Technologies
L3Harris Technologies is a U.S.-based defense technology company that delivers end-to-end, mission-critical solutions across space, air, land, sea and cyber domains for national security customers. Its largest Space & Mission Systems and Communications & Spectrum Dominance segments together generate more than 80% of company revenue, positioning L3Harris as a major player in integrated aerospace and defense systems.
The company emphasizes a portfolio it describes as purpose-built for the future of warfare and is pursuing a $3 billion capital buildout in missile solutions to expand solid rocket motor production and reinforce its supply chain.
Average Trading Volume: 1,411,776
Technical Sentiment Signal: Buy
Current Market Cap: $54.34B
See more insights into LHX stock on TipRanks’ Stock Analysis page.