Christopher Kubasik on defense budget

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.

Profile compiled from Christopher Kubasik's verified public interviews and appearances. See all quotes & transcripts →