DOD taking steps to fight price gouging after contractor reaps 'excessive' profits

摘要

A senior Pentagon acquisition official told Congress today the "sickening business practices" of contractor TransDigm Group have led the Defense Department to take new steps to mitigate alleged price gouging, including creating a watchlist of companies that refuse to provide cost data. "This gets under my skin and makes me sick," Kevin Fahey, assistant secretary of defense for acquisition, told the House Oversight and Government Reform Committee. Today's hearing follows a Defense Department inspector general investigation that found TransDigm, in some cases, earned profits of more than 4,000% on sole-source contracts for military aircraft parts. Additionally, the 1G found that TransDigm did not provide cost data requested by Pentagon contracting officers because the company is not required to do so by law. "I would say that we ought to look at the legislative structure to require companies to provide cost information when asked for by contracting officers," acting IG Glenn Fine told the committee.