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0 6.45834903071581E-05 0.00205590777477593 0.00319688277020121 0.0065659881812213 0.00823439501415465 0.00541424927074485 0.00687814171770567
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Pentagon supplier TransDigm Group had 'predatory approach': official [Reuters]

Transdigm Group Incorporated (TDG) 
Last transdigm group incorporated earnings: 2/4 07:15 am Check Earnings Report
US:NYSE Investor Relations: transdigm.com/investor-relations
Company Research Source: Reuters
Pentagon supplier TransDigm Group had 'predatory approach': official - Reuters 2 Min Read WASHINGTON (Reuters) - Aircraft component maker and Pentagon supplier TransDigm Group, admonished on Wednesday during a hearing on its billing practices, had a “predatory approach,” the Pentagon’s chief financial official said in Congressional testimony on Thursday. Executives for TransDigm testified before a Congressional committee on Wednesday after a Pentagon-endorsed investigation found the company made profits exceeding 1,000% on some spare parts and equipment. “The model that this company did is not a partner firm, it’s a predatory approach,” Under Secretary of Defense Comptroller David Norquist told a U.S. House of Representatives hearing on the Pentagon’s audit plan. “They went and they bought license for things where there was no other competitor - attached to large assets like aircraft where the department couldn’t function without it, and if they were under $2 million dollars the rules Show less Read more
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