TAT Technologies Wins $45 Million in Multi-Year MRO Contracts
TAT Technologies announced several new long-term maintenance agreements with international commercial and cargo airlines. The contracts cover auxiliary power units and heat exchangers and are expected to generate about $45 million over five to ten years.
finance.yahoo.comTAT Technologies Ltd. announced the award of several new long-term maintenance, repair and overhaul agreements with international commercial and cargo airline customers. The contracts cover auxiliary power unit platforms under the company's OEM authorization and maintenance work on heat exchangers.
The agreements represent estimated aggregate revenue of approximately $45 million over contract terms ranging from five to ten years.
The company also announced the sale of its minority interest in an unconsolidated entity. As a result of the transaction, the company expects to recognize an estimated one-time pre-tax gain of approximately $4 million in the second quarter of 2026. The company stated that the new contracts will reinforce its position in the global commercial aviation aftermarket and reflect continued demand for its auxiliary power units and thermal components.
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