TAT Technologies wins $36M APU maintenance contract with cargo carrier

TAT Technologies Ltd. (NASDAQ: TATT) announced it signed a contract with a global cargo carrier to provide maintenance, repair and overhaul services for two auxiliary power unit platforms valued at approximately $36 million.

The agreement consists of two components. The first is a two-year extension of TAT's existing contract for MRO services on the GTCP331-200/250 APU, estimated at $22 million. The second is a new contract for the GTCP331-500 APU spanning an initial four-year term with an option for a two-year extension, valued at approximately $14 million.

The Charlotte, North Carolina-based company provides services and products to commercial and military aerospace and ground defense industries. TAT operates through its Limco subsidiary, which runs an FAA-certified repair station providing heat transfer MRO services for airlines, cargo carriers, maintenance service centers and military operations.

"This comprehensive agreement represents a significant milestone for our APU business, reflecting our leadership position in this market," said Igal Zamir, CEO of TAT. "Securing both an extension of our long-standing 331-200/250 relationship and a new multi-year award on the 331-500 platform demonstrates the breadth of our APU MRO capabilities and the trust our customers place in TAT's technical expertise and service quality."

TAT Technologies also trades on the Tel Aviv Stock Exchange under the ticker TAT Tech.

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