DOD taking steps to fight price gouging after contractor reaps 'excessive' profits

May 15, 2019 at 1:10 PM
A senior Pentagon acquisition official told Congress today the "sickening business practices" of contractor TransDigm Group have led the Defense Department to take new steps to mitigate alleged price gouging, including creating a watchlist of companies that refuse to provide cost data. "This gets under my skin and makes me sick," Kevin Fahey, assistant secretary of defense for acquisition, told the House Oversight and Government Reform Committee. Today's hearing follows a Defense Department inspector general investigation that found TransDigm, in...

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