U. S. Defense Contractor Shows How Government Regulation Can Lead to Price Gouging

TransDigm is a company in the aerospace industry that supplies parts that go into many of the commercial aircraft you see flying around the world today. The company also supplies many parts that go into U.S. military aircraft.
The company is very profitable. But according to Bloomberg‘s Anthony Capaccio reporting, a big portion of TransDigm’s financial success comes from gouging U.S. taxpayers through extreme markups of prices on parts purchased by the Department of Defense.
The Pentagon is weighing legislation that would give contracting officers the power to demand back-up data on spare parts costs after its inspector general said TransDigm Group

Read more at The Independent Institute