Nordam

NORDAM
TypePrivate company
IndustryAerospace
Founded1969
FounderRay H. Siegfried II
Headquarters,
United States
OwnerThe family of Ray H. Siegfried II and The Carlyle Group
Number of employees
>2,300 (2019)
Websitenordam.com

NORDAM, or Northern Oklahoma Research, Design, and Manufacturing is an American aerospace company. It concentrates on Interiors, Structures, Nacelle & Thrust Reverser Systems, Repair & Transparency.

History

NORDAM was founded in 1969 by Ray H. Siegfried II.

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

In 2018 NORDAM filed for bankruptcy.

In 2018 NORDAM halted production of nacelles for the Pratt & Whitney Canada PW800 due to a contract dispute with Pratt & Whitney Canada. In order to recover its financial position NORDAM sold the Pratt & Whitney Canada PW800 nacelle program to Gulfstream Aerospace.

In 2019 NORDAM exited bankruptcy through a cash injection from The Carlyle Group which resulted in Carlyle becoming a 45% shareholder in the company.

Operations

In 2019 NORDAM had 1,800 employees in the Tulsa area and 500 elsewhere.

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

References

  1. 1 2 3 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.