Model Airplanes

Specifically, on January 20, 2017, Citron Research issued a comprehensive report entitled “Could TransDigm be the Valeant of the Aerospace Industry?” claiming that TransDigm’s business model, including “acquir[ing] airplane parts companies (over 50 in total), fir[ing] employees, and egregiously rais[ing] prices,” has put the Company at a disadvantage in effectively participating in contract bidding.

After the announcement, TransDigm’s share price fell from $251.76 per share on January 19, 2017 to a closing price of $226.90 on January 20, 2017—a $24.86 or a 9.8% drop.

Then, on March 21, 2017, California Representative Ro Khanna (D-CA) wrote a letter to the inspector general of the Department of Defense, accusing the Company of “waste, fraud and abuse in the defense and industrial base.” 

On this news, TransDigm’s share price fell from $237.94 per share on March 20, 2017 to a closing price of $224.79 on March 21, 2017—a $13.15 or 5.5% drop.

Request more information now by clicking here:  www.faruqilaw.com/TDG. There is no cost or obligation to you.

Take Action

If you invested in TransDigm stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/TDG.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi Faruqi, LLP also encourages anyone with information regarding TransDigm’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney

Article source: http://www.prnewswire.com/news-releases/transdigm-notification-faruqi--faruqi-llp-encourages-investors-who-suffered-losses-in-excess-of-100000-investing-in-transdigm-group-incorporated-to-contact-the-firm-300427869.html

On January 20, 2017, Citron Research issued a report entitled “Could TransDigm be the Valeant of the Aerospace Industry?” alleging that TransDigm’s business model depended on “acquir[ing] airplane parts companies (over 50 in total), fir[ing] employees, and egregiously rais[ing] prices,” and suggested that the company’s business model was insufficient for a competitive bidding environment.  Following this news, TransDigm stock dropped $24.86 per share, or 9.87%, to close at $226.90 on January 20, 2017.

If you are aware of any facts relating to this investigation, or purchased shares of TransDigm, you can assist this investigation by visiting the firm’s site: www.bgandg.com/tdg. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz–grossman-llc-announces-investigation-of-transdigm-group-incorporated-tdg-300427612.html

SOURCE Bronstein, Gewirtz Grossman, LLC

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Article source: http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-transdigm-group-incorporated-tdg-300427612.html

LOS ANGELES–(BUSINESS WIRE)–

Glancy Prongay Murray LLP (“GPM”) is investigating potential claims on behalf of investors of TransDigm Group Incorporated (“TransDigm” or the “Company”) (NYSE: TDG) concerning the Company and its officers’ possible violations of federal securities laws.

On January 20, 2017, Citron Research published an article claiming that TransDigm is the Valeant of the aerospace industry. Specifically, Citron alleged that the Company’s business model relies on acquiring airplane parts companies, firing employees, and egregiously raising prices. Citron claimed that while the Company’s business model made it a dominant airplane parts supplier, it also burdened the Company’s balance sheet with a sky-high debt load. On this news, the Company’s share price declined by nearly 10%.

Then, on March 21, 2017, California Representative Ro Khanna sent a letter to the Defense Department Inspector General asking for an investigation into the business practices of TransDigm, claiming that the Company appears to be evading certain pricing and cost disclosure regulations. On this news, the Company’s share price declined by more than 5%, thereby injuring investors.

If you purchased TransDigm securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East,

Article source: http://finance.yahoo.com/news/glancy-prongay-murray-llp-commences-005000862.html

Two Marine Corps F-35B Lightning II, assigned to Marine Fighter Attack Squadron (VMFA) 121, 3rd Marine Aircraft Wing, transit the Pacific Ocean on Jan. 9, 2017. US Marine Corps Photo

ARLINGTON, Va. — Lockheed Martin is working closely with the military services to keep new and old airplane types alike in good material condition, but a broken budgeting process and difficulty in fully funding spare parts have made that a challenge, the company’s vice president of sustainment operations said.Bruce Litchfield told USNI News on March 21 at Lockheed Martin’s annual media day that the company is working with the services and the Joint Strike Fighter Joint Program Office on “getting behind the power curve” on spare parts acquisition to avoid falling into the same readiness deficit that many other platforms have today.

Saying that F-35 stability is his business’s top priority today, Litchfield said that “the readiness business is hard. Sustainment readiness is not rocket science, but it takes an incredible effort, and you can’t ignore any aspects of it. And once you start to slope down, it’s a fast slope down and it’s a slow pull out of the problem area because parts take two to three years, depending on the complexity of the part, to go purchase. So if you didn’t buy them or you didn’t spare for them, you’re way behind. So what we’re, I think, doing in a way is raising the visibility of what we need, and now we have to work with the

Article source: https://news.usni.org/2017/03/22/lockheed-martin-advocates-fully-funding-f-35-spares-accounts-despite-broken-budget-process