Aerospace Group:

Congress

House Oversight Panel Says TransDigm Earned Profits Above 1,000 Percent On Multiple Programs

By Cal Biesecker

Wednesday, May 15th, 2019

SHARE:

House Oversight Panel Says TransDigm Earned Profits Above 1,000 Percent On Multiple Programs

Aerospace parts supplier TransDigm Group Inc. [TDG] overcharged the Pentagon more than 1,300 percent on five programs examined by the House Oversight and Reform Committee, the worst examples cited by the committee of excess profiteering by the company, which was the subject of a Defense Department audit report earlier this year for overcharging its customers for parts. A report by the committee released Wednesday says that TransDigm earned profits of 1,385 percent for actuator cover assemblies, 1,680 percent for hydraulic…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]