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TAT extends an existing contract for an additional 5-year period with expected revenues of USD 18 Million

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TAT extends an existing contract for an additional 5-year period with expected revenues of USD 18 Million

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”) reached an extension for additional 5 years of an existing agreement with one of the world’s largest aircraft maintenance organizations representing total expected revenues of US$18 Million, an increase of US$2 Million from the previous contract. The extension of the contract and the volume increase it represents is another testimony for Limco’s leadership in thermal components MRO, excellent customer service and quality.
Mr. Mr. Igal Zamir, CEO and President of TAT Technologies stated, “We are pleased to be the preferred supplier for our business partner and further extending our long relationship. This agreement, together with other agreements that were announced in the last year, position TAT as the preferred MRO partner for the biggest airliners and aircraft maintenance companies in the world”.
TAT extends an existing contract for an additional 5-year period with expected revenues of USD 18 Million
About TAT Technologies LTD
TAT Technologies is a global OEM and aftermarket solutions company, employing more than 600 employees globally. TAT Technologies supports commercial aviation and government customers through two operating segments: Thermal Management Solutions and Power & Actuation. TAT’s Thermal Management Solutions include OEM and aftermarket of thermal management components and systems. TAT’s Power & Actuation include aftermarket support (MRO) of APU, Landing Gear, and Aero-engines components. TAT Technologies controlling shareholders is FIMI Private Equity Fund.