Buck Kreihs Company, Incorporated v. United States

THORNBERRY, Circuit Judge:

This appeal follows the district court’s determination, 331 F.Supp. 1173, that the Renegotiation Act of 1951, 50 App. U.S.C.A. § 1211 et seq. (the Act), does not preclude the Federal Maritime Administration from including a ten percent profit limitation clause in its master repair contracts. Finding support for this judgment in reason, the statutes, and the legislative history of the Act, we affirm.

On July 30, 1965, Buck Kreihs Company, Incorporated (Kreihs) entered into a Master Lump Sum Repair Contract with the Federal Maritime Administration to recondition vessels…