Nordam
Nordam, or NORDAM, is an American aerospace company. It concentrates on Interiors, Structures, Nacelle & Thrust Reverser Systems, Repair & Transparency.
History
Nordam was founded in 1969 by Raymond Siegfried.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 its nacelles business to Gulfstream Aerospace.
In 2019 Nordam exited bankruptcy through a cash injection from The Carlyle Group which resulted in Carlyle gaining control of 45% of 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.