L3Harris Technologies has officially ousted CEO Chris Kubasik after an internal investigation revealed a violation of conduct protocols. The company announced that Sam Mehta, a seasoned executive within the aerospace and defense sector, will take over as the new CEO. Following the announcement, L3Harris shares experienced a noticeable drop, reflecting investor concerns surrounding the abrupt leadership change. Kubasik, who forfeits $45 million, is still set to walk away with $80 million in stock and options amid the fallout from the investigation.