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U.S. Congressman asks DoD to investigate TransDigm's practices
March 21, 2017 / 7:41 PM / in 9 months

U.S. Congressman asks DoD to investigate TransDigm's practices

March 21 (Reuters) - U.S. Congressman Ro Khanna asked the Department of Defense for an investigation into the business practices of aircraft components supplier TransDigm Group Inc , sending the company’s shares down as much as 9.7 percent on Tuesday.

In a letter dated March 20 to Glenn Fine, the acting inspector general of the U.S. DoD, Khanna requested for a probe into the company “for potential waste, fraud and abuse in the defense industrial base”.

Khanna, who is a member of the House Armed Services Committee, wrote that recent reports indicate TransDigm may be operating as a "hidden monopolist" and more information must be made available to the public on the company's business practices. (

Short-seller Citron Research had issued a critical report on TransDigm in January.

Shares of the company which has fallen nearly 4.4 percent since the beginning of the year, touched a one-month low of $214.99 on Tuesday.

TransDigm did not immediately respond to a request for comment. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta)

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