Boeing resolves $57 million claim dispute with bankrupt subcontractor GDC Technics, LLC regarding production of top priority military aircraft

Client(s) Boeing Company, The

Jones Day represented The Boeing Company in the chapter 11 case of GDC Technics, LLC, the former primary supplier to Boeing under an Air Force defense contract. In April 2021, GDC commenced a chapter 11 bankruptcy case in which Boeing was, by far, the largest unsecured creditor, with claims in excess of $57 million. Jones Day served as Boeing's bankruptcy and litigation counsel in the GDC chapter 11 case and assisted Boeing with the negotiation and implementation of a settlement agreement with GDC and other stakeholders that was approved by the bankruptcy court and resolved significant claims asserted between GDC and Boeing.

In re GDC Technics, LLC, No. 21-50484 (Bankr. W.D. Tex.)