A bipartisan group of lawmakers is set to reintroduce a bill to rein in price gouging by military contractors, CBS News has learned.
Some of those contractors withhold pricing information from the Defense Department. Boeing refused to share cost information for nearly 11,000 items between October of 2020 and September of 2021, according to an annual DOD report to Congress on pricing data. That same report found TransDigm, a subcontractor, was responsible for 275 data denials.
Warren and Garamendi on May 25 sent letters to Boeing, TransDigm and the DOD regarding pricing transparency. In their letter, Warren and Garamendi gave the Defense Department, Boeing and Transdigm until June 12 to respond to questions. An aide for Warren confirmed the lawmakers had received responses, but said those responses needed to be reviewed in more detail.
While TransDigm did not respond to a request from CBS News for comment, a company spokesperson previously told"60 Minutes" that the company follows the law and charges market prices. price gouging report
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