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Business/Financial

Aerospace And Defense Industry Has A New Normal For Supply Chain, Kubasik Says

By Cal Biesecker

Friday, July 29th, 2022

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Aerospace And Defense Industry Has A New Normal For Supply Chain, Kubasik Says

Christopher "Chris" Kubasik, chairman and CEO of L3Harris Technologies. Photo: L3Harris

Like other defense companies posting second quarter financial results, L3Harris Technologies [LHX] last week reported ongoing headwinds related to its supply chain that impacted sales and earnings, challenges that aren’t going away and will require the industry to adapt, Christopher Kubasik, the company’s chairman and CEO, said during a July 29 earnings call. “I think at least at L3Harris, I think the whole industry has now realized there's a new norm in supply chain and we're adapting to that as…

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