Congress Asks Pentagon to Probe Deeper on TransDigm Billing Practices [The Motley Fool]
Transdigm Group Incorporated (TDG)
Last transdigm group incorporated earnings: 2/4 07:15 am
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Source: The Motley Fool
Congress Asks Pentagon to Probe Deeper on TransDigm Billing Practices The defense contractor's billing headache is likely to continue well into 2020. Congress is doubling down on its investigation of TransDigm Group ( NYSE:TDG ) , requesting the Pentagon's inspector general (IG) launch a new, more detailed probe into the component supplier's pricing strategies. Further scrutiny seemed likely after a bruising Capitol Hill hearing last month , but the new request sends a clear signal to investors that TransDigm's Washington headache is far from over. An initial IG probe found that TransDigm made "excess profit" on 46 of 47 spare-part purchases examined. Congress would now like the inspector general to conduct a more complete review of the company's government billings. "Because you identified so many overcharges in just the small sample of contracts you examined, we believe it is highly likely that TransDigm is receiving additional excess profits that have not yet been identified," the
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TDG
News
- TransDigm Group Incorporated (NYSE: TDG) had its price target raised by analysts at KeyCorp from $1,220.00 to $1,325.00. They now have an "overweight" rating on the stock.MarketBeat
- Global Decoy Flares Market Size To Worth USD 6.3 Billion By 2033 | CAGR Of 11.09% [Yahoo! Finance]Yahoo! Finance
- TransDigm Group Incorporated (NYSE: TDG) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $1,285.00 to $1,518.00. They now have a "buy" rating on the stock.MarketBeat
- Why TransDigm (TDG) is Poised to Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
- How to Boost Your Portfolio with Top Aerospace Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
TDG
Earnings
- 2/8/24 - Beat
TDG
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 3/26/24 - Form 4
- TDG's page on the SEC website