TAT Technologies signs a new agreement with one of the leading European system manufacturers for the Aerospace industry valued at up to USD 20 million in total revenue for the years 2019-2023

TAT Technologies Ltd. (NASDAQ: TATT – News) (“the Company”), a leading provider of services and products to the commercial and military aerospace and ground defense systems, today announced that it has signed a five (5) year agreement with a leading European system manufacturer for the Aerospace industry for the supply of heat exchangers. The expected revenues from this contract are US$20 million for the years 2019-2023. Under this agreement, TAT will be the exclusive heat exchanger provider for these specific products.

Mr. Igal Zamir, CEO and President of TAT Technologies stated, “We are pleased with the renewal of this partnership which will enable us to increase sales in the heat exchanger OEM segment and is aligned with our growth plans for 2019-20”.