TAT Technologies signs a new contract with UTC Aerospace Systems valued at up to USD 9 million in total revenue for the years 2018-2020

TAT Technologies Ltd. (NASDAQ: TATT), a leading provider of services and products to the commercial and military aerospace and ground defense systems, today announced that its subsidiary, Limco Airepair, Inc. (“Limco”) has signed a three (3) year contract with UTC Aerospace Systems to support the company’s heat transfer MRO business as a licensed repair station. The expected revenues from this contract is US$9 million for the years 2018-2020. Under this agreement, Limco will be UTC Aerospace Systems’ exclusive heat transfer MRO provider in the Americas. This agreement will result in expanding TAT’s capabilities to support the aviation industry.

Mr. Igal Zamir, CEO and President of TAT Technologies stated, “We are pleased to support UTC Aerospace Systems as their chosen heat transfer MRO provider for the Americas. This agreement is another proof of confidence in our MRO capabilities. It positions Limco as a world leader in heat transfer repair.”