DOD Inspector General Report on Excess Profits by TransDigm Group, Inc.
The hearing will address issues identified in the IG’s report and the IG’s recommendations for reform. The Committee has jurisdiction over federal acquisition policy and management. The hearing will examine whether TransDigm is appropriately earning excess profits with taxpayer funds and whether federal acquisition regulations adequately equip contracting officers to negotiate fair and reasonable prices for spare parts from sole source manufacturers.
The Honorable Kevin Fahey
Assistant Secretary of Defense for Acquisition, Department of Defense
The Honorable Glenn Fine
Acting Inspector General, Department of Defense
Executive Chairman and Founder, TransDigm
Assistant Inspector General for Acquisition, Office of Inspector General, Department of Defense
Chief Executive Officer, TransDigm