Nordam
From Wikipedia, the free encyclopedia
Nordam, or NORDAM, is an American aerospace company. It concentrates on Interiors, Structures, Nacelle & Thrust Reverser Systems, Repair & Transparency.[3]
| Company type | Private company |
|---|---|
| Industry | Aerospace |
| Founded | 1969 |
| Founder | Raymond Siegfried[1] |
| Headquarters | , United States |
| Owner | The family of Raymond Siegfried and The Carlyle Group[1] |
Number of employees | >2,300 (2019[2]) |
| Website | nordam |
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]