A hearing turned into political theater when lawmakers accused a defense contractor of being greedy…
A recent congressional hearing looking into a defense contractor supposedly overcharging taxpayers turned out to be mostly political theater as lawmakers accused the contractor of greed when the real problem is the Pentagon’s flawed contracting practices.
The House Oversight and Reform Committee convened a hearing to consider the actions of defense contractor TransDigm Group after the Defense Department’s Office of the Inspector General claimed that TransDigm had overcharged the government for certain aircraft components, making $20.8 million in “excess profit” between 2017 and 2019…