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...