Fight against ‘price gouging’ on military parts heats up – By John M. Donnelly (Roll Call) / Nov 30, 2023
Lawmakers say defense contractors are exploiting loopholes on parts’ prices
Two Democrats who serve on panels that oversee the Pentagon have stepped up their campaign to curb what they call widespread “price gouging” in contracts for military spare parts.
Democratic Sen. Elizabeth Warren of Massachusetts and Rep. John Garamendi of California, both of them members of their chamber’s Armed Services Committee, pressed their case Wednesday in a pair of letters obtained by CQ Roll Call.
Warren and Garamendi expressed outrage that defense contractors are exploiting loopholes so the companies can regularly refuse to provide the Defense Department legally required data to document that their parts’ prices are fair and reasonable on contracts awarded without competition.
One of the missives went to Defense Secretary Lloyd J. Austin III and the other to Kevin M. Stein, president and CEO of Cleveland-based TransDigm Group Inc., a company that has been at the center of the spare parts pricing controversy for more than a decade.
CONTINUE > https://rollcall.com/2023/11/30/fight-against-price-gouging-on-military-parts-heats-up/
