L3Harris CEO Says Trump Executive Order Reinforces Mission -- Market Talk

Dow Jones01-09

1116 ET - L3Harris Technologies CEO Chris Kubasik says that President Trump's recent executive order prohibiting U.S. defense contractors from issuing dividends or buying back stock until they accelerate military-equipment production, doesn't change the company's mission. "The EO reinforces something we already know: our customers depend on us to deliver with quality, speed, and reliability at scale," Kubasik writes in a letter to employees. "These are not new standards. They are the foundation of how we operate, and they are essential to supporting the warfighter who relies on our systems in real-world conditions." Shares rise 6.3% after Trump calls for a $500 billion increase to the defense budget, to $1.5 trillion (connor.hart@wsj.com)

(END) Dow Jones Newswires

January 08, 2026 11:16 ET (16:16 GMT)

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