Warren is seeking information on how the company prices parts for which it is the sole supplier to the government
She is the third law maker who has called for investigation of TransDigm
Massachusetts Senator Elizabeth Warren has sent a letter to the U.S. Department of Defense urging an investigation into TransDigm’s pricing model following similar requests by other U.S. representatives, CNBC reports, citing the letter.
“As a member of the Senate Committee on Armed Services, I have also been monitoring reports that suggest TransDigm WorldWide has used a variety of tactics to avoid sharing cost information with the government for parts for which it is the sole source supplier…These reports further show that TransDigm has unreasonably raised prices on many parts shortly after completing acquisitions of the companies that produce them,” she wrote.
TransDigm Group (TDG) designs, produces, and supplies aircraft components in the United States. The company’s Power & Control segment provides mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
Warren’s call for a probe into the aerospace component supplier follows similar requests from U.S. Representatives Ro Khanna and Tim Ryan.
“I look forward to working with your office, and the Department of Defense to ensure that our service members continue to receive the best made equipment while also ensuring that taxpayers continue to receive fair value,” wrote Warren to the Secretary of Defense, Jim Mattis.
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