TAT Technologies Signs a 5-Year, $17 Million MRO Agreement with Major North American Cargo Carrier

PR Newswire12-12

TAT to repair APUs on the Carrier's Boeing 757 and 767 aircraft NETANYA, Israel, Dec. 11, 2024 /PRNewswire/ -- TAT Technologies Ltd. (TASE: TAT Tech, NASDAQ: TATT), a leading supplier of products and ...

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(TASE: TAT Tech, NASDAQ: TATT), a leading supplier of products and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tat-technologies-signs-5-17-230500907.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":"BA","symbol_name":"波音","start_time":0,"source_url":"https://finance.yahoo.com/news/tat-technologies-signs-5-17-230500907.html","article_id":"2490814661","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/oCRZ5LNSGQaokJQGIyOGTQ--~B/aD0xNjt3PTE2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/prnewswire.com/ba98de3e1088cac07520e7557380b57e"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/tat-technologies-signs-5-17-230500907.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2490814661","pubTimestamp":1733958300,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"TAT to repair APUs on the Carrier's Boeing 757 and 767 aircraft. NETANYA, Israel, Dec. 11, 2024 /PRNewswire/ -- TAT Technologies Ltd. , a leading supplier of products and services for the commercial and military aviation industries and the ground defense industries, today announced that it has signed a five-year agreement with a major North American cargo carrier.Under the terms of the agreement, TAT will provide repair and overhaul services under an MRO agreement for auxiliary power units  on the Carriers'Boeing 757 and 767 aircraft. The total contract value over the duration of the agreement is estimated at approximately $17 million.Igal Zamir, President and Chief Executive Officer of TAT, commented, \"This new contract marks another milestone for TAT's leadership in the APU cargo carrier market, representing a significant addition to the MRO agreements that are already in place with all of the major cargo carriers in North America. The customer will benefit from our best-in-class APU","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BA":"波音","TATT":"TAT Technologies Ltd","BK4551":"寇图资本持仓","WRD":"文远知行","BK4117":"多元化保险","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","MRO":"马拉松石油","BK4107":"财产与意外伤害保险","BK4213":"石油与天然气的勘探与生产","BK4516":"特朗普概念","BK4564":"太空概念","BK4187":"航天航空与国防","BK4585":"ETF&股票定投概念","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","TAT":"TransAtlantic Petroleum Ltd","PHH":"Park Ha Biological Technology Co. Ltd.","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","BK4588":"碎股","AFG":"美国金融集团有限公司"},"translate_title":"TAT Technologies与北美主要货运公司签署为期5年、价值1700万美元的MRO协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1,"WRD":1,"TAT":1,"PHH":1,"MRO":1,"TATT":0.9,"BA":0.8},"content_text":"TAT to repair APUs on the Carrier's Boeing 757 and 767 aircraft\nNETANYA, Israel, Dec. 11, 2024 /PRNewswire/ -- TAT Technologies Ltd. (TASE: TAT Tech, NASDAQ: TATT), a leading supplier of products and services for the commercial and military aviation industries and the ground defense industries, today announced that it has signed a five-year agreement with a major North American cargo carrier.  \nUnder the terms of the agreement, TAT will provide repair and overhaul services under an MRO agreement for auxiliary power units (APUs) on the Carriers' Boeing 757 and 767 aircraft. The total contract value over the duration of the agreement is estimated at approximately $17 million.\nIgal Zamir, President and Chief Executive Officer of TAT, commented, \"This new contract  marks another milestone for TAT's leadership in the APU cargo carrier market, representing a significant addition to the MRO agreements that are already in place with all of the major cargo carriers in North America. The customer will benefit from our best-in-class APU repair capabilities, our unique cost structure, and our unwavering level of customer service.\"\nAbout TAT Technologies LTD\nTAT Technologies Ltd. is a leading provider of services and products to the commercial and military aerospace and ground defense industries. TAT operates under four segments: (i) Original equipment manufacturing (\"OEM\") of heat transfer solutions and aviation accessories through its Gedera facility; (ii) MRO services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary. TAT controlling shareholders is the FIMI Private Equity Fund.\nTAT's activities in the area of OEM of heat transfer solutions and aviation accessories primarily include the design, development and manufacture of (i) broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft in and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.\nTAT's activities in the area of MRO Services for heat transfer components and OEM of heat transfer solutions primarily include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT's Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military.\nTAT's activities in the area of MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components. TAT's Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.\nTAT's activities in the area of overhaul and coating of jet engine components includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.\nFor more information of TAT Technologies Ltd., please visit our website: www.tat-technologies.com.\nSafe Harbor for Forward-Looking Statements\nThis press release contains forward-looking statements which include, without limitation, statements regarding possible or assumed future operation results. These statements are hereby identified as \"forward-looking statements\" for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management's current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations including, but are not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, the price and continuity of supply of component parts used in our operations, the change of control that will occur on the sale by the receiver of the Company's shares held by our previously controlling stockholders, and other risks detailed from time to time in the Company's filings with the Securities Exchange Commission, including, its annual report on form 20-F and its periodic reports on form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement.\nContact:Mr. Eran YungerDirector of IRerany@tat-technologies.com\n View original content:https://www.prnewswire.com/news-releases/tat-technologies-signs-a-5-year-17-million-mro-agreement-with-major-north-american-cargo-carrier-302329563.html\nSOURCE TAT Technologies Ltd.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490814661"}