Nordam

Last updated
Nordam
Company typePrivate company
IndustryAerospace
Founded1969
FounderRaymond Siegfried [1]
Headquarters
Tulsa, Oklahoma
,
United States
OwnerThe family of Raymond Siegfried and The Carlyle Group [1]
Number of employees
>2,300 (2019 [2] )
Website nordam.com

Nordam, or NORDAM, is an American aerospace company. It concentrates on Interiors, Structures, Nacelle & Thrust Reverser Systems, Repair & Transparency. [3]

Contents

History

Nordam was founded in 1969 by Raymond Siegfried. [2]

President and CEO Charles B. Ryan was killed in a plane crash in 2001. [2]

In 2018 Nordam filed for bankruptcy. [2]

In 2018 Nordam halted production of nacelles for the Pratt & Whitney Canada PW800 due to a contract dispute with Pratt & Whitney Canada. [4] [5] In order to recover its financial position Nordam sold its nacelles business to Gulfstream Aerospace. [1]

In 2019 Nordam exited bankruptcy through a cash injection from The Carlyle Group which resulted in Carlyle gaining control of 45% of the company. [1] [6]

Operations

In 2019 Nordam had 1,800 employees in the Tulsa area and 500 elsewhere. [2]

In 2022 Nordam opened a major MRO facility at Taoyuan which will serve as their regional hub replacing operations in Singapore. [7] The Taoyuan operation is a joint venture with China Airlines. [8]

References

  1. 1 2 3 4 Hemmerdinger, Jon. "Nordam emerges from bankruptcy with private equity partner". flightglobal.com. Flight Global. Retrieved 27 January 2022.
  2. 1 2 3 4 5 Watson, Julie Wenger (25 November 2019). "NORDAM flies in the face of challenges 50 years after its founding". tulsapeople.com. Tulsa People. Retrieved 27 January 2022.
  3. ↑ "Products & Services". NORDAM. Retrieved April 10, 2023.
  4. ↑ Thurber, Matt. "Nordam Halts PW800 Nacelle Production". ainonline.com. AIN Online. Retrieved 27 January 2022.
  5. ↑ Morgan, Rhett (5 July 2018). "250 affected as NORDAM suspends production of PW800 nacelle system in contract dispute". Tulsa World.
  6. ↑ Morgan, Rhett (10 April 2019). "Tulsa-based NORDAM Group exits bankruptcy". tulsaworld.com. Tulsa World. Retrieved 27 January 2022.
  7. ↑ "Nordam opens aircraft component repair facility in Taiwan". journalrecord.com. Journal Record. 26 January 2022. Retrieved 27 January 2022.
  8. ↑ "NORDAM opens new Taiwanese MRO shop". asianaviation.com. Asian Aviation. 26 January 2022. Retrieved 27 January 2022.
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