Exhibit 333

Price Gouging in Military Contracts: New Inspector General Report Exposes Excess Profit Obtained by TransDigm Group (Hearing, Serial No. 117-60)

Exhibit 333 · Hearing record

Price Gouging in Military Contracts: New Inspector General Report Exposes Excess Profit Obtained by TransDigm Group (Hearing, Serial No. 117-60)

This limit does not exist in law or policy.

Includes TransDigm CEO Kevin Stein's response to the IG audit: objects to the 15 percent standard, the exclusion of taxes and interest, and the IG's treatment of commercial pricing.

Source: House Committee on Oversight and Reform
Date: 19 January 2022
Quoted from: Statement of Kevin Stein, Ph.D.
Grade: Reported
Document: https://www.govinfo.gov/content/pkg/CHRG-117hhrg46681/html/CHRG-117hhrg46681.htm
Accessed: 2026-11-09
Cited by: Findings citing this exhibit
Note: Testimony by TransDigm's chief executive, recorded in a House hearing record. It states the company's position on the Inspector General's findings and is cited as the company's response.

Cited by

Finding DEF-1.5: Reported The DoD Inspector General testified to the House Oversight Committee that its audits found TransDigm earned $16.1 million in excess profit on 46 spare parts in a 2019 report and $20.8 million on 105 of 107 spare parts in a second audit report (DODIG-2022-043), and that TransDigm refused to share cost data on 25 of 27 contracts in the second audit.