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0.000318765388674021 -0.00134101301442142 -0.000967288075976077 -0.00336352444600768 -0.0105082659162856 -0.0125087935279634 -0.0112776996130848 -0.0111567886035877
Stock impact report

REFILE-U.S. Congress to question TransDigm over defense profits exceeding 1,000% [Reuters (UK)]

Transdigm Group, Inc (TDG)  More Company Research Source: Reuters
Last transdigm group, inc earnings: 8/6 07:15 am Check Earnings Report
US:NYSE Investor Relations: transdigm.com/investor-relations
PDF Congress to question TransDigm over defense profits exceeding 1,000% - Reuters 2 Min Read WASHINGTON (Reuters) - Executives for TransDigm Group Inc will testify before a Congressional committee on Wednesday after a Pentagon-endorsed investigation found the aircraft parts supplier made profits exceeding 1,000% on some spare parts and equipment. TransDigm shares were down 3.2% in early trading as the broader market was flat. According to a House of Representatives committee memo seen by Reuters, TransDigm had “extreme” profit margins, and that “in five of the worst examples examined by the Committee, TransDigm made excess profits of between 1,385% and 4,436%.” Chief Executive Officer Kevin Stein and other company executives were scheduled to speak to the House Committee on Oversight and Reform. The congressional memo said that in one of the examples the Department of Defense paid $1,443 for a nonvehicular clutch disk used in a C-135 transport aircraft that cost TransDigm just $32 to pro [Read more]
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