Georgia, US-based Gulfstream Aerospace Corp. has acquired a manufacturing line of Oklahoma, US-based NORDAM Group Inc. that produces nacelles for the Gulfstream G500 and Gulfstream G600, the company said.
Gulfstream had been operating the line since early September as part of an agreement with NORDAM to address its July bankruptcy filing. NORDAM had been producing the nacelles for Gulfstream´s G500 and G600 engine supplier, Pratt and Whitney Canada.
NORDAM filed an agreement in a Delaware bankruptcy court in September that allowed Gulfstream to restart the manufacturing program and provided for the eventual transfer of the program´s assets to the Savannah-based business-jet manufacturer. A US bankruptcy judge approved the transfer Sept. 26, allowing Gulfstream to complete the acquisition.
Further details of the agreement will not be disclosed.
Gulfstream Aerospace Corp., a wholly owned subsidiary of General Dynamics (NYSE: GD), designs, develops, manufactures, markets, services and supports the world´s most technologically advanced business-jet aircraft. Gulfstream has produced more than 2,800 aircraft for customers around the world since 1958.