TransDigm Group executives today said a new Defense Department inspector general audit underway will likely yield the same results as a previous review. Earlier this year, the DOD IG found that TransDigm had reaped $16 million in excess profit on the contracts it reviewed. Under pressure from Congress , TransDigm opted to repay the $16 million , but executives speaking to analysts today said the reimbursement was voluntary and not an admission of guilt. "This was not an obligation of...
