TAT awarded USD 9m contract for MRO services

Limco Airpair, Inc., a subsidiary of TAT Technologies Ltd. (NASDAQ: TATT), a provider of services and products to the commercial and military aerospace and ground defense systems, has signed a new contract to provide military MRO services for heat exchangers valued at up to USD 9 Million in total revenue, the company said.

Revenues from this contract are expected to be recognized during fiscal years 2018 and 2019.

TAT Technologies said the agreement strengthens TAT´s position as a world provider of the military MRO services, and strengthens its revenue visibility for 2018 which is expected to be similar to our revenues in 2017.

TAT Technologies LTD is a global OEM and aftermarket solutions company, employing more than 600 employees globally. TAT Technologies supports commercial aviation and government customers through two operating segments: Thermal Management Solutions and Power & Actuation. TAT Technologies controlling shareholders is FIMI Private Equity Fund.