Lawmakers Want Review of TransDigm Overcharges in DOD Contracts

After an oversight committee hearing brought to light a defense contractor’s excess profits, lawmakers are now asking a watchdog to review the company’s overcharges in all its Pentagon contracts.

In a June 6 letter to the Defense Department inspector general, Reps. Elijah Cummings, Stephen Lynch, Jackie Speier and Ro Khanna said the IG had reviewed only a small sample of TransDigm’s contracts and “it is highly likely the company is receiving additional excess profits that have yet not been identified.”

TransDigm had to return $16 million after the House Committee on Oversight and Reform held a hearing last month highlighting a report identifying millions of dollars in overages.

“The Committee requests that your office conduct a review of the price reasonableness determinations for all contracts awarded to TransDigm by DOD from January 1, 2017, to the present, with a contract value between $200,000 and $250,000 and between $600,000 and $750,000,” the lawmakers said in their letter.

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