Christopher Kubasik on defense acquisition
From LHX Stock| L3Harris Technologies Inc. Q1 2026 Earnings Call · · AlphaStreet
“I have to give the Department of War credit for their innovative approach to acquisition here. I mean this what is going on now has never been done in the history of our country and they are going fast. We and the rest of the defense industrial base are keeping up with them to the best of our ability. I think it's a once in a-lifetime opportunity and we are seeing a major shift all for the positive going forward.”
On , Christopher Kubasik, Chairman & Chief Executive Officer at L3Harris Technologies Inc, spoke about defense acquisition during LHX Stock| L3Harris Technologies Inc. Q1 2026 Earnings Call on AlphaStreet.
About Christopher Kubasik
Christopher Kubasik, chairman and CEO of L3Harris, has described the current period as a "once-in-a-lifetime opportunity" for the defense industry, citing increased global threats and a shift in U.S. defense spending. He noted that the company's backlog has nearly doubled to over $40 billion, excluding approximately $25 billion in orders for munitions acceleration council programs that were under negotiation. Kubasik credited the Department of War for an "innovative approach to acquisition" and stated that the Pentagon and Congress are increasingly supportive of multi-year procurement authorities to improve throughput across the defense industrial base. Kubasik announced the company's intention to pursue an initial public offering of its missile solutions business in the second half of 2026, with the Department of War as an anchor investor. He also highlighted the sale of 60% of L3Harris's space propulsion and power systems business and a $1 billion investment from the Department of War. On earnings calls, Kubasik discussed the company's performance in areas such as ISR (intelligence, surveillance, and reconnaissance), noting a "complete turnaround" and a $40 billion international pipeline for that segment. He also emphasized the company's focus on delivering on schedule and its progress on a cost-reduction initiative, stating the company was tracking 40% ahead of its target of taking out $1 billion in costs over three years.