TAT Technologies Secures Three-Year Contract with an International Airline for Boeing 777 Platform, with Revenues of $12 Million

Rhea-AI Summary

TAT Technologies (NASDAQ: TATT) has secured a significant three-year contract with an international airline for MRO services on the GTCP331-500 Auxiliary Power Unit (APU) used in Boeing 777 aircraft. The contract is valued at $12 million, averaging $4 million annually.

The agreement strengthens TAT's position in the APU market and builds upon their strategic partnership with Honeywell. The company's integrated approach, combining MRO services with their leasing business, enables deeper penetration into the half-billion-dollar APU market.

Positive

• New $12 million contract secured for Boeing 777 APU services
• Strategic partnership with Honeywell continues generating revenue opportunities
• Company expanding presence in half-billion-dollar APU market
• Synergistic business model combining MRO and leasing services

Negative

• None.

New MRO contract award for APU331- 500 expands TAT's Boeing 777 presence and underscores continued growth in the APU business

CHARLOTTE, N.C., Aug. 18, 2025 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech), 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 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."

About TAT Technologies LTD

TAT Technologies Ltd. (NASDAQ: TATT, TASE: TAT Tech) is a leading provider of services and products to the commercial and military aerospace and ground defense industries, providing OEM heat transfer solutions and aviation accessories, MRO services for aviation components, including heat transfer solutions, overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps and MRO services on landing gears and other aircraft components. 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. For more information, please visit www.tat-technologies.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding the issuance and sale of the shares, the closing date of the transaction, and the Company's intended use of the proceeds from the sale of the Shares. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected, including, without limitation, as a result of the war and hostilities between Israel and Hamas, Hezbollah and Iran. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 6, 2024. The forward-looking statements in this press release are based on information available to the Company as of the date hereof, and the Company disclaims any obligation to update any forward-looking statements, except as required by law.

Contact:
Eran Yunger
Director of IR
Tel: +1-980-451-1115
erany@tat-technologies.com

View original content:https://www.prnewswire.com/news-releases/tat-technologies-secures-three-year-contract-with-an-international-airline-for-boeing-777-platform-with-revenues-of-12-million-302532573.html

SOURCE TAT Technologies Ltd.

FAQ

What is the value of TAT Technologies' new Boeing 777 APU contract?

The contract is valued at $12 million over three years, averaging $4 million per year.

What services will TAT Technologies provide under the new contract?

TAT will provide MRO (Maintenance, Repair, and Overhaul) services for the GTCP331-500 Auxiliary Power Unit (APU) used on the Boeing 777 platform.

Who is the customer for TATT's new APU contract?

The contract is with an unnamed international commercial carrier for Boeing 777 APU services.

How does TAT Technologies' leasing business complement their MRO services?

TAT's leasing business creates synergies with their MRO business, enabling deeper penetration into the half-billion-dollar APU market.

What is the significance of TAT's Honeywell partnership for the Boeing 777 platform?

The strategic agreements with Honeywell continue to yield tangible revenue opportunities, including this latest contract award for the Boeing 777 platform.