GDC Technics, an aeronautics interiors supplier, filed for Chapter 11 bankruptcy the same day the company announced it was laying off 223 people in Texas.
The layoffs and bankruptcy filing come after Boeing Co. (NYSE: BA) sued GDC Technics for allegedly being behind schedule on two Air Force One aircraft.
The bankruptcy filing in the Western District of Texas did not include detailed financial information about GDC Technics. The company listed liabilities from $10 million to $50 million and more...
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