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Business/Financial

DoD IG Says TransDigm Earned $21 Million In Excess Profit On Defense Contracts

By Cal Biesecker

Monday, December 13th, 2021

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DoD IG Says TransDigm Earned $21 Million In Excess Profit On Defense Contracts

Commercial and military aircraft component designer and supplier TransDigm Group [TDG] earned $20.8 million in excess profits in a sample of contracts awarded by the Defense Logistics Agency between 2017 and 2019, the Department of Defense Office of Inspector General (IG) says in a new report. The report says that the excess profits were earned on 105 spare parts on 150 contracts where the company wasn’t required to provide certified cost data because the award values fell below the threshold…

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