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05/21/2023: Defense Spending, Cyber Con Artists, Jeff Koons

60 Minutes

00:00

TransDine's Shares Soar as the Pentagon Downsizes

TransDine has seen its stock soar as it buys up companies the military depends on for spare parts. Founder Nick Howley has twice been called before Congress over accusations of price gouging. Shea SOD says Apache helicopters were unable to fly without a crucial valve. TransDine had taken over the manufacturer and hiked the price of the valve by $747, up almost 40%.

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