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Defense contractor gouged taxpayers, says Pentagon auditor
Cleveland-based TransDigm Group should repay $20.8 million in excess profits, according to the inspector general
A Pentagon contractor should repay the government nearly $21 million that the company overcharged for military spare parts, the Defense Department’s auditor said.
The Defense Logistics Agency should seek a refund from Cleveland-based TransDigm Group of “at least $20.8 million in excess profit on 150 contracts,” the Pentagon inspector general said in a report made public this week.
The allegedly excess profit comes on top of $16 million the company repaid the government in 2019 after admitting to similar overcharges on defense contracts…..more here
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