Business Deals, IPO, Highlight Rapid Growth

Oklahoma ranked fifth in the nation in high-tech job growth in 2005 — the latest year for which data was available, according to the FDIC.

The growth has been the result of the use of high-tech equipment to expand commercial aircraft and transportation equipment industries.

Several transactions this year demonstrate the growth of aerospace in Tulsa.

? Nordam signed a deal with an engineering company in India to fill its need for aerospace engineers.

On July 19, Nordam hired Bangalore, India-based Quest to provide design and stress-analysis services for its nacelle and thrust reverser division.

Financial terms were not disclosed.

That deal came a day after Nordam officials announced four major transactions — including the purchase of GE’s thrust reverser maintenance and overhaul business.

Terms were not disclosed, but 80 percent of Quest’s work will be done in Tulsa, said Ken Lackey, Nordam CEO. The GE deal with Nordam will create jobs in Tulsa, Wales and Singapore, said Carlos Flores, spokesman.

? Broken Arrow-based AMI Instruments, a division of L-3 Communications, will produce its 100th simulator cockpit assembly. AMI has produced sub-assemblies for training devices since 1981.

? SpiritAerosystems, the commercial aircraft parts manufacturer that spun off from Boeing a year ago, plans to offer its first shares of common stock to the public. Spirit employs 8,000 people in Wichita and 1,422 in Tulsa. The company plans to offer its stock on the New York Stock Exchange and will trade under the symbol SPR.

No timeline, date or financial details have been released.

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