TAT Technologies Secures $12 Million MRO Contract for Boeing 777 APUs

Reuters08-19
TAT Technologies Secures $12 Million MRO Contract for Boeing 777 APUs

TAT Technologies Ltd., a prominent supplier in the aviation and defense sectors, has secured a three-year contract with an international airline for the Maintenance, Repair, and Overhaul $(MRO.UK)$ of the GTCP331-500 Auxiliary Power Unit $(APU)$ used on the Boeing 777 platform. This contract is valued at approximately $12 million, translating to an average of $4 million in revenue per year. This development marks TAT Technologies' continued growth in the APU market, emphasizing its strategic partnerships and competitive turnaround times. CEO Igal Zamir highlighted the company's ability to foster long-term customer relationships and leverage synergies between its leasing and MRO businesses, further solidifying its presence in the half-billion-dollar APU market.

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