ITT Arctic Services, Inc. v. United States

The legal task before the court is one of interpreting the parties’ contract. The question to be answered is whether certain clauses in the parties’ contract entitled plaintiff to a price increase in its Firm Fixed-Price (FFP) contract for increased costs incurred in Canada on account of the Canadian Government’s action in unpegging the fixed rate of exchange between the American and Canadian dollars and the latter currency’s upward float in value during the life of the parties’ contract.

The Armed Services Board of Contract Appeals (the Board) having denied plaintiff’s claim1 for a price…