Exelis, Inc.
Exelis, Inc. appealed a contracting officer's final decision asserting a government claim for noncompliance with Cost Accounting Standard (CAS) 404 regarding lease accounting. The Board denied the government's motion for reconsideration of its prior ruling.
Material Facts
- Exelis appealed from a contracting officer's final decision asserting a government claim pursuant to CAS 404.
- The contracting officer found that Exelis improperly treated a building lease as an operating lease rather than a capital lease.
- The government claimed increased costs purportedly paid by the government on Exelis' contracts from 2003 through the present.
Parties
- Appellant
- Exelis, Inc.
- Respondent Agency
- Defense Contract Management Agency
- Contract Number
- N65236-07-C-5876
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