1. TAT secures $12 million contract for APU services on Boeing 777. 2. Contract expected to generate $4 million in annual revenue. 3. Strengthens TAT's position in the lucrative APU market. 4. CEO highlights synergies with leasing and MRO business. 5. Strategic agreements with Honeywell boosting revenue opportunities.
The $12 million contract enhances TAT's revenue stability and growth potential. Similar past contracts have positively influenced TATT's stock price.
The significant contract confirms TAT's growth trajectory, directly influencing investor sentiment and market perceptions of TATT.
Immediate revenue inflow expected within three years. Quick market response likely to affect TATT's stock in the near term.
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
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SOURCE TAT Technologies Ltd.