TAT Technologies (TATT) announces a significant contract expansion with a global air carrier. This contract extension is a result of a very successful partnership between the companies over the last 5 years. As part of this contract, TAT will provide MRO services to the airline’s GTCP331 model APUs. TAT estimates revenues from this contract to be $50M, or $10M per year. In 2020 and 2021, TAT, through its fully owned subsidiary Piedmont Aviation components from Greensboro North Carolina, signed several strategic contracts with the aviation giant Honeywell (HON). Under these contracts, TAT was awarded a 10-year license for repair and overhaul of APUs for Boeing and Airbus’s key platforms, including B737, B777, B767/757 and A320 aircrafts and the C17 which is used for military purposes.
Published first on TheFly
