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Pentagon requests voluntary refund of millions of dollars from contractor TransDigm
Defense News: The U.S. Army and Defense Logistics Agency will both seek reimbursement on millions of dollars from contractor TransDigm, following a report by the Defense Department Office of Inspector General into the company’s contracts with the Pentagon.
TransDigm, which produces specialized parts for aircraft such as pumps, valves and batteries, earned “excess profit” for 112 of 113 contracts reviewed by the IG’s office, per a report released Wednesday. The IG found the company received $16.1 million in excess profit between January 2015 and January 2017, with a cost that could go up due to the need for spare parts in the future.
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