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Lawmakers resume fight against ‘price gouging' for military parts [Yahoo! Finance]

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: Yahoo! Finance
In a letter sent to Defense Secretary Lloyd Austin Tuesday evening, Sens. Elizabeth Warren (D-Mass.), Chuck Grassley (R-Iowa), Mike Braun (R-Ind.), and John Fetterman (D-Pa.) say they are particularly concerned defense contractors are exploiting loopholes including the practice of “sweeping.” Such a tactic — where contractors delay submitting cost or pricing data that would enable the government to negotiate fairer price — allows companies to charge the military more for a product. “We continue to be concerned by audits and press reports that find defense contractors regularly gouge the military,” they wrote, according to the letter obtained by The Hill. “DoD contractors should not be getting away with price gouging, and these abusive practices. DoD must better explain the challenges it faces with the contract process that has caused the government to overpay for goods and services and what steps [the Defense Department] has taken to solve the problem.” The Pentagon did not respo Show less Read more
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