Israel-based TAT Technologies Ltd. (NASDAQ: TATT) has announced its subsidiary, Limco Airepair, Inc. has signed a three year contract with UTC Aerospace Systems to support the company´s heat transfer MRO business as a licensed repair station, the company said.
The expected revenues from this contract is USD 9 million for the years 2018-2020. Under this agreement, Limco will be UTC Aerospace Systems´ exclusive heat transfer MRO provider in the Americas. This agreement will result in expanding TAT´s capabilities to support the aviation industry.
TAT Technologies LTD is a leading provider of services and products to the commercial and military aerospace and ground defense systems. The company has more than 600 employees globally. TAT Technologies supports commercial aviation and government customers through two operating segments: Thermal Management Solutions and Power & Actuation. TAT´s Thermal Management Solutions include OEM and aftermarket of thermal management components and systems.