Nordam

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

Nordam
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])
Websitenordam.com

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. Hemmerdinger, Jon. "Nordam emerges from bankruptcy with private equity partner". flightglobal.com. Flight Global. Retrieved 27 January 2022.
  2. Watson, Julie Wenger. "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. "250 affected as NORDAM suspends production of PW800 nacelle system in contract dispute". Tulsa World.
  6. Morgan, Rhett. "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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