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Aerospace is one of the Oklahoma's largest industry clusters with 400 companies that directly or indirectly employ more than 143,000 people with a payroll of $4.7 billion and an industrial output of $11.7 billion. Tulsa is ranked eighth nationally for the size of its aerospace engines manufacturing cluster and 20th for its defense-related cluster.
Companies headquartered in Tulsa, Oklahoma include, but are not limited to, companies in the city's anchoring economic sectors of energy, aerospace, finance, technology, telecommunications, high tech, and manufacturing. [1] Bloomberg Businessweek ranked Tulsa as having the 7th strongest metro economy, and the 38th best city to live in, in 2012.
Several consolidations took place in the aerospace and defense industries over the last few decades. Airbus prominently illustrated the European airliner manufacturing consolidation in the late 1960s. [14] Between 1988 and 2010, more than 5,452 mergers and acquisitions with a total known-value of US$579 billion were announced worldwide. [15]
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]
Honeywell Aerospace Technologies is a manufacturer of aircraft engines and avionics, [1] as well as a producer of auxiliary power units (APUs) and other aviation products. Headquartered in Phoenix, Arizona , it is a division of the Honeywell International conglomerate.
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