TAT Technologies Secures Three-Year Contract with an International Airline for Boeing 777 Platform, with Revenues of $12 Million
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.
TAT Technologies (NASDAQ: TATT) ha ottenuto un importante contratto triennale con una compagnia aerea internazionale per servizi MRO sull'APU GTCP331-500 impiegata nei Boeing 777. Il contratto ha un valore di $12 milioni, pari a una media di $4 milioni all'anno.
L'accordo rafforza la posizione di TAT nel mercato delle APU e si basa sulla loro partnership strategica con Honeywell. L'approccio integrato dell'azienda, che combina i servizi MRO con l'attività di leasing, consente una penetrazione più profonda nel mercato delle APU da mezzo miliardo di dollari.
TAT Technologies (NASDAQ: TATT) ha asegurado un importante contrato de tres años con una aerolínea internacional para servicios MRO en la APU GTCP331-500 utilizada en los Boeing 777. El contrato tiene un valor de $12 millones, con un promedio de $4 millones anuales.
El acuerdo refuerza la posición de TAT en el mercado de APU y se apoya en su asociación estratégica con Honeywell. El enfoque integrado de la compañía, que combina servicios MRO con su negocio de leasing, permite una penetración más profunda en el mercado de APU de medio billón de dólares.
TAT Technologies (NASDAQ: TATT)는 보잉 777에 사용되는 GTCP331-500 보조동력장치(APU)에 대한 MRO 서비스를 위해 국제 항공사와 3년간의 대규모 계약을 체결했습니다. 해당 계약의 가치는 $12 million이며 연평균 $4 million입니다.
이번 계약은 APU 시장에서 TAT의 입지를 강화하며 Honeywell과의 전략적 파트너십을 기반으로 합니다. MRO 서비스와 리스 사업을 결합한 회사의 통합적 접근 방식은 5억 달러 규모의 APU 시장에 더 깊숙이 진입할 수 있게 합니다.
TAT Technologies (NASDAQ: TATT) a décroché un contrat majeur de trois ans avec une compagnie aérienne internationale pour des services MRO sur l'APU GTCP331-500 utilisée sur les Boeing 777. Le contrat est évalué à $12 million, soit en moyenne $4 million par an.
L'accord renforce la position de TAT sur le marché des APU et s'appuie sur leur partenariat stratégique avec Honeywell. L'approche intégrée de la société, combinant les services MRO et son activité de leasing, permet une pénétration plus profonde du marché des APU de cinq cents millions de dollars.
TAT Technologies (NASDAQ: TATT) hat einen bedeutenden Dreijahresvertrag mit einer internationalen Fluggesellschaft für MRO-Dienstleistungen an der GTCP331-500 APU, die in Boeing 777 eingesetzt wird, abgeschlossen. Der Vertrag hat einen Wert von $12 million, durchschnittlich $4 million pro Jahr.
Die Vereinbarung stärkt TATs Position im APU-Markt und baut auf der strategischen Partnerschaft mit Honeywell auf. Der integrierte Ansatz des Unternehmens, der MRO-Leistungen mit dem Leasinggeschäft verbindet, ermöglicht ein tieferes Eindringen in den eine halbe Milliarde Dollar schweren APU-Markt.
- 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
- None.
New MRO contract award for APU331- 500 expands TAT's Boeing 777 presence and underscores continued growth in the APU business
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
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SOURCE TAT Technologies Ltd.
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