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IG Says Defense Department Overpaid TransDigm For Aircraft Parts

Cal Biesecker By
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IG Says Defense Department Overpaid TransDigm For Aircraft Parts

The Defense Logistics Agency and the Army overpaid aerospace contractor TransDigm Group Inc. [TDG] for nearly all aircraft parts in a sample of contracts over a two-year period, the Pentagon’s Inspector General (IG) says in a new report. The excess profits relate to 113 contracts valued at $29.7 billion from January 2015 and January 2017, with the over payments totaling $16.1 million on 112 of the contracts, the IG says in its report released on Feb. 25. The report says…

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