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

Date: 
Wednesday, May 15, 2019 - 10:00am
Location: 
2154 Rayburn House Office Building, Washington, DC 20515
DOD Inspector General Report on Excess Profits by TransDigm Group, Inc.

PURPOSE

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.

REP. RO KHANNA'S OPENING STATEMENT

WITNESSES

The Honorable Kevin Fahey
Assistant Secretary of Defense for Acquisition, Department of Defense

The Honorable Glenn Fine
Acting Inspector General, Department of Defense

Nicholas Howley
Executive Chairman and Founder, TransDigm

Theresa Hull
Assistant Inspector General for Acquisition, Office of Inspector General, Department of Defense

Kevin Stein
Chief Executive Officer, TransDigm

116th Congress