TAT Technologies, a supplier of products and services for the commercial and military aviation industries and the ground defense industries, 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.
“This new contract further strengthens TAT’s expanding position in the APU market,” Igal Zamir, CEO of TAT, said. “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.”
