TAT Technologies signs a 5-year landing gear MRO contract

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TAT Technologies signs a 5-year landing gear MRO contract

TAT Technologies signs a 5-year landing gear MRO contract with a major airline valued at USD 10 Million

Gedera, Israel, September 13, 2018 – TAT Technologies Ltd. (NASDAQ: TATT), through its subsidiary Piedmont Aviation Component Services (“Piedmont”), has been awarded a 5 year Landing Gear Maintenance Support contract with a major airline estimated at up to $10M in revenue, out of which USD $9 million will be recognized during the first two years of the contract, starting from September 2018.

“We are excited to partner with another major airline to support their Landing Gear overhaul program, said Mr. Igal Zamir, TAT’s President and CEO. “This major agreement is affirmation of TAT’s MRO services capabilities and customer services, emphasizing how TAT can apply commercial MRO and supply chain best practices to help its customers increase efficiencies and decrease costs”.

Maintenance work will be done at TAT’s Landing Gear services facility in Greensboro (NC), starting Q3 2018. This 5-year agreement covers a fleet of Embraer 175 aircraft.

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.