Boeing Supplier TECT to Sell Washington Facility for $31 Million

Bankrupt Boeing Co. supplier TECT Aerospace Group Holdings Inc. plans to sell its Everett, Wash., manufacturing facility to competitor Wipro Givon USA Inc.

Wipro’s stalking horse bid for the manufacturing site was the only qualified offer submitted ahead of the June 10 deadline, TECT told the bankruptcy court June 11. If the deal is approved, Wipro would pay $31 million in cash and assume certain liabilities.

TECT also intends to sell its Kansas headquarters and two manufacturing facilities in the state through an auction without a starting bid. Judge Karen B. Owens of the U.S. Bankruptcy Court for the District ...