W. Nicholas howley kevin stein robert s. Henderson jorge l. Valladares iii mike lisman bernt g. Iversen, ii halle fine terrion alex feil peter palmer joel reiss transdigm board of directors w. Nicholas howley kevin stein david barr mervin dunn michael graff sean p. Hennessy raymond f. Laubenthal gary e. Mccullough michele santana robert j. Small john staer adams rite aerospace, inc. John binckley adelwiggins group joe glover aero fluid products pat o’brien aerocontrolex group michael hargas aerosonic llc dan rice airborne systems north america bryce wiedeman amsafe passenger restraints herb mardany amsafe restraints & specialty devices jason abbott arkwin industries, inc. Adam crossman armtec defense products co. Scott selle auxitrol weston pierre rossignol avionic instruments, llc vince ciolli avista steve ungs avtechtyee david bender breeze eastern rodger hahneman cda intercorp llc josh worrall champion aerospace, llc jason marlin cmc electronics robin st. Arnaud darchem william meijer data device corporation rodrigo rubiano electromech technologies mike carney elektro-metall ralf schönzler extant aerospace james gerwien harcosemco craig rowe hartwell corporation ron kato hytek clif johnson irvingq jon powell kirkhill kevin mchenry korry rob gibbs leach international michel potvin leach international europe phil saunders marathonnorco aerospace, inc. Jason roth mason controls david tessier nmc mike johnson nordisk aviation richard betts palomar mike rabjohn pexco aerospace, inc. Kip freeman pneudraulics, inc. Don stinnett racal james ewing schneller llc todd loschelder scioteq frank timmermans shield restraint systems, inc. Jon page skurka aerospace, inc. Michael barnaba ta aerospace carol marinello tactair / young & franklin brian babin technical airborne components dirk dhooge telair international gmbh wolfgang tatzer telair u.S. Cargo systems chris spagnoletti treality svs mark saturno whippany actuation systems sanjeev musalimadugu military defense commercial aerospace fraudulence cleveland ohio
Throughout the last 14 years transdigm had a good run at it when it comes to defense aerospace company lifting stocks to $475 per share. The drag is now becoming evident. In 2019 defense department inspector general concluded that transdigm, based in ohio, had earned "excessive profits” on 46 of the 47 spare parts audited, with profit margins for specific parts ranging from 17 percent to well above 4,000 percent. "because you identified so many overcharges in just the small sample of contracts you examined, we believe it is highly likely that transdigm is receiving additional excess profits that have not yet been identified" stated inspector general glenn fine.
A $46 part could end up costing us taxpayers $4,361. Although not admitting to guilt transdigm agreed to cough up $16.1 million in overcharges to the pentagon. The defense contract audit agency Dcaa), defense contract management agency Dcma), and defense logistics agency Dla) have intentions to further investigate the legality related to profit policy far 15.404-4. Patrick mackin, a spokesman for the pentagon’s defense logistics agency stated "the agency can’t unilaterally change pricing outside of the contractual repricing periods but will assess the contract at its first chance in 2021." combatting transdigm's objective of being a sole-source supplier, the dod contracts administration has been exploring the utilization of research and development grants to support a competitive market in driving dual source, and preventing price gouging.
On the commercial front, it's hard to imagine transdigm truly getting airborne as long as airlines are down and out. The company does have a defense business to fall back on, but commercial aerospace, and in particular commercial aftermarket, has been the driver for transdigm and there's little the company can do other than ride out the storm. Transdigm also does currently have a massive $20 billion in debt. Aside the company's financial dilemma, transdigm continues to lay off its employees annually all-the-while nick howley remains the sixth highest paid amerian ceo at $64 million. Using employees as pawns, fondling with defense fraud, and the lack of growth in commercial aerospace looks to soon place transdigm's executive management in checkmate and its investors shouting mayday.
TransDigm Group, Inc. Reviews
W. Nicholas howley kevin stein robert s. Henderson jorge l. Valladares iii mike lisman bernt g. Iversen, ii halle fine terrion alex feil peter palmer joel reiss transdigm board of directors w. Nicholas howley kevin stein david barr mervin dunn michael graff sean p. Hennessy raymond f. Laubenthal gary e. Mccullough michele santana robert j. Small john staer adams rite aerospace, inc. John binckley adelwiggins group joe glover aero fluid products pat o’brien aerocontrolex group michael hargas aerosonic llc dan rice airborne systems north america bryce wiedeman amsafe passenger restraints herb mardany amsafe restraints & specialty devices jason abbott arkwin industries, inc. Adam crossman armtec defense products co. Scott selle auxitrol weston pierre rossignol avionic instruments, llc vince ciolli avista steve ungs avtechtyee david bender breeze eastern rodger hahneman cda intercorp llc josh worrall champion aerospace, llc jason marlin cmc electronics robin st. Arnaud darchem william meijer data device corporation rodrigo rubiano electromech technologies mike carney elektro-metall ralf schönzler extant aerospace james gerwien harcosemco craig rowe hartwell corporation ron kato hytek clif johnson irvingq jon powell kirkhill kevin mchenry korry rob gibbs leach international michel potvin leach international europe phil saunders marathonnorco aerospace, inc. Jason roth mason controls david tessier nmc mike johnson nordisk aviation richard betts palomar mike rabjohn pexco aerospace, inc. Kip freeman pneudraulics, inc. Don stinnett racal james ewing schneller llc todd loschelder scioteq frank timmermans shield restraint systems, inc. Jon page skurka aerospace, inc. Michael barnaba ta aerospace carol marinello tactair / young & franklin brian babin technical airborne components dirk dhooge telair international gmbh wolfgang tatzer telair u.S. Cargo systems chris spagnoletti treality svs mark saturno whippany actuation systems sanjeev musalimadugu military defense commercial aerospace fraudulence cleveland ohio
Throughout the last 14 years transdigm had a good run at it when it comes to defense aerospace company lifting stocks to $475 per share. The drag is now becoming evident. In 2019 defense department inspector general concluded that transdigm, based in ohio, had earned "excessive profits” on 46 of the 47 spare parts audited, with profit margins for specific parts ranging from 17 percent to well above 4,000 percent. "because you identified so many overcharges in just the small sample of contracts you examined, we believe it is highly likely that transdigm is receiving additional excess profits that have not yet been identified" stated inspector general glenn fine.
A $46 part could end up costing us taxpayers $4,361. Although not admitting to guilt transdigm agreed to cough up $16.1 million in overcharges to the pentagon. The defense contract audit agency Dcaa), defense contract management agency Dcma), and defense logistics agency Dla) have intentions to further investigate the legality related to profit policy far 15.404-4. Patrick mackin, a spokesman for the pentagon’s defense logistics agency stated "the agency can’t unilaterally change pricing outside of the contractual repricing periods but will assess the contract at its first chance in 2021." combatting transdigm's objective of being a sole-source supplier, the dod contracts administration has been exploring the utilization of research and development grants to support a competitive market in driving dual source, and preventing price gouging.
On the commercial front, it's hard to imagine transdigm truly getting airborne as long as airlines are down and out. The company does have a defense business to fall back on, but commercial aerospace, and in particular commercial aftermarket, has been the driver for transdigm and there's little the company can do other than ride out the storm. Transdigm also does currently have a massive $20 billion in debt. Aside the company's financial dilemma, transdigm continues to lay off its employees annually all-the-while nick howley remains the sixth highest paid amerian ceo at $64 million. Using employees as pawns, fondling with defense fraud, and the lack of growth in commercial aerospace looks to soon place transdigm's executive management in checkmate and its investors shouting mayday.