TAT Technologies Ltd., a supplier of products and services for the commercial and military aviation industries, has announced that it has signed a contract with an international commercial carrier to provide MRO services for the GTCP331-500 Auxiliary Power Unit (APU) used on the Boeing 777 (B777) platform.
The three-year contract is valued at approximately $12 million in revenue, averaging $4 million per year.
Igal Zamir, CEO of TAT, commented: “This new contract further strengthens TAT’s expanding position in the APU market.
“We continue to build long-term relationships with customers based on our diverse offerings and industry-leading turnaround time.
“Additionally, our leasing business creates compelling synergies with our MRO business, enabling deeper penetration into the half-billion-dollar APU market.
“The strategic agreements we signed with Honeywell continue to yield tangible revenue opportunities, including this latest award for the B777 platform.”
