DOD memo: Contracting officers must seek cost data from TransDigm and subsidiaries

June 24, 2019 at 2:55 PM
The Pentagon is setting new requirements for the TransDigm Group after the Defense Department inspector general found the company was reaping excessive profits . A June 14 memo from Kim Herrington, acting principal director for defense pricing and contracting, says the IG found TransDigm and its subsidiaries are "engaging in a pervasive strategy of negotiating excessive profits on contracts with the department for spare parts." Last month, members of Congress on both sides of the aisle publicly criticized TransDigm and...

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