And it Was All Perfectly Legal….

“Our audit examined the prices that TransDigm charged the DoD for spare parts for aircraft and airframes. Specifically, we examined a sample of 47 spare parts provided by TransDigm, and we determined that TransDigm earned profits of over 15 percent on 46 of the 47 spare parts we reviewed. The profits for these parts ranged from 17 percent to over 4,400 percent. We also determined that TransDigm refused to share cost data when requested by DoD contracting officers, and that the inability of contracting officers under the current legal framework to compel TransDigm to provide such data contributed to the DoD significantly overpaying for the spare parts it must buy to support the warfighter.”

“DOD Inspector General Report on Excess Profits by TransDigm Group, Inc.”

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