TAT Technologies Secures $17 Million MRO Deal With Major Cargo Carrier: Details

Benzinga12-12

TAT Technologies Ltd. (NASDAQ:TATT) has announced the signing of a five-year maintenance, repair, and overhaul (MRO) agreement with a North American cargo carrier. The total contract value throughout ...

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The total contract value throughout ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tat-technologies-secures-17-million-122818502.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TAT Technologies Secures $17 Million MRO Deal With Major Cargo Carrier: Details</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTAT Technologies Secures $17 Million MRO Deal With Major Cargo Carrier: Details\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-12 20:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tat-technologies-secures-17-million-122818502.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TAT Technologies Ltd. (NASDAQ:TATT) has announced the signing of a five-year maintenance, repair, and overhaul (MRO) agreement with a North American cargo carrier. The total contract value throughout ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tat-technologies-secures-17-million-122818502.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4187","symbol_name":"航天航空与国防","start_time":0,"source_url":"https://finance.yahoo.com/news/tat-technologies-secures-17-million-122818502.html","article_id":"2490638696","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/B7zpVDBXuaxM8WSGp9sxoA--~B/aD01NzY7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/8953f7ee91963da3de092fe98ebbe58e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490638696","pubTimestamp":1734006498,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"TAT Technologies Ltd.  has announced the signing of a five-year maintenance, repair, and overhaul  agreement with a North American cargo carrier. The total contract value throughout the agreement is estimated at approximately$17 million.Under this deal, TAT will provide services for the auxiliary power units  of the carrier’s Boeing Company 757 and 767 aircraft.Igal Zamir, President and CEO of TAT, emphasized the significance of this contract, noting it strengthens TAT’s position as a leader in the APU cargo carrier market.In a press release, Zamir also highlighted the company’s best-in-class repair capabilities, competitive cost structure, and high level of customer service.This agreement adds to the existing MRO contracts TAT holds with major cargo carriers in North America, further solidifying its market presence.In its recently reported third-quarter earnings for 2024, TAT Technologies reported a 35.2% increase in revenue, reaching $40.5 million compared to $29.9 million in the yea","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4187":"航天航空与国防","MRO":"马拉松石油","BK4585":"ETF&股票定投概念","TAT":"TransAtlantic Petroleum Ltd","BK4588":"碎股","TATT":"TAT Technologies Ltd","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","BK4213":"石油与天然气的勘探与生产"},"translate_title":"TAT Technologies与主要货运公司达成价值1700万美元的MRO协议：详情","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MRO":1,"TAT":1,"TATT":0.9},"content_text":"TAT Technologies Ltd. (NASDAQ:TATT) has announced the signing of a five-year maintenance, repair, and overhaul (MRO) agreement with a North American cargo carrier. The total contract value throughout the agreement is estimated at approximately $17 million.\nUnder this deal, TAT will provide services for the auxiliary power units (APUs) of the carrier’s Boeing Company 757 and 767 aircraft.\nIgal Zamir, President and CEO of TAT, emphasized the significance of this contract, noting it strengthens TAT’s position as a leader in the APU cargo carrier market.\nIn a press release, Zamir also highlighted the company’s best-in-class repair capabilities, competitive cost structure, and high level of customer service.\nThis agreement adds to the existing MRO contracts TAT holds with major cargo carriers in North America, further solidifying its market presence.\nAlso Read: DJT Stock In Focus As Trump Set To Ring NYSE Bell Today: Here’s Why President-Elect Once Threatened To Shift Trump Media From Nasdaq\nIn its recently reported third-quarter earnings for 2024, TAT Technologies reported a 35.2% increase in revenue, reaching $40.5 million compared to $29.9 million in the year-ago period.\nYear-to-date revenue grew by 36%, amounting to $111.1 million, up from $82.0 million last year.\nGross profit also saw a strong increase of 45.9%, totaling $8.5 million in the third quarter, representing 21% of revenues, compared to $5.8 million (19.4% of revenues) in the same period last year.\nIn November, Zamir noted that demand for TAT’s products and services continues to grow, with the company’s order and long-term agreement (LTA) backlog now at $423 million.\nDespite challenges in the supply of parts for APUs and landing gears, TAT is ramping up inventory to better support customer needs.\nPrice Action: TATT shares are trading lower by 0.19% to $26.18 premarket at last check Thursday.\nRead Next:\n\nNasdaq Surges Past 20,000 For First Time, Driven By Tech Gains And Rate Cut Hopes\n\nImage via Shutterstock.\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nThis article TAT Technologies Secures $17 Million MRO Deal With Major Cargo Carrier: Details originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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