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DoD Inspector General Exposes Pentagon Contractor's 9,400% Profit On Half-Inch Pin
TransDigm Group Inc. sold the Pentagon "drive pins" for $4,361 each - should only cost $46, a 9,400% gain in excess profits, according to the Inspector General US Department of Defense's audit labeled "For Official Use Only" obtained by Bloomberg.
The inspector general's audit shows 98 of 100 parts inspected were overinflated in value and concluded the Pentagon is paying the Ohio-based defense manufacturing firm $91 million more in the next several years for parts valued at $28 million, with excess profit per part of 95% to the 9,400%.
The audit "exposes how a company entrusted with supporting our military men and women took advantage of American taxpayers by overcharging the government more than $16 million" in aerospace components sold between 2015 and 2017, Oversight Committee Chairman Elijah Cummings said in a statement.
On Wednseday morning, the House Committee on Oversight and Government Reform held a hearing to address excess profits by TransDigm.
Inspector General of the Department of Defense Glenn Fine was front and center and told committee members about the outrageous price gouging by the defense firm.
https://www.zerohedge.com/news/2019-05-15/dod-inspector-general-exposes-pentagon-contractors-9400-profit-half-inch-pin
News in it.
BREAKING: The Horowitz IG report is now in staff review and is being briefed to principals - OANN
The Italian prime minister has suddenly requested resignations from 6 deputy directors of Italian intelligence agencies: DIS, AISI and AISE. This was all after I outed Mifsud in Rome and the president called the Italian prime minister. Italy has flipped and are giving up Brennan.
Listen to this video, NOW
https://www.newsweek.com/ohio-school-closed-enriched-uranium-discovered-radiation-cancer-1424704 Yellow cake radioactive type!!!
Why The Judge Sealed The Colorado Stem School Shooting Court Docs. Jump to 38:08 https://www.youtube.com/watch?v=tXjUbzSUPHo
Would the Dems refusing to govern a FF situation? Like the Uranium in the school? The Dems are doing the refuing and blaming President Trump and his administration. Sounds like FF to me.