TAT extends aircraft maintenance contract for five years

Limco Airepair, Inc., a subsidiary of TAT Technologies Ltd. (NASDAQ: TATT), has reached an extension for an additional five years of an existing agreement with one of the world´s largest aircraft maintenance organizations, the company said.

The contract represents total expected revenues of USD 18 Million, an increase of USD 2 Million from the previous contract. The extension of the contract and the volume increase it represents is another testimony for Limco´s leadership in thermal components MRO, excellent customer service and quality.

TAT Technologies LTD is a leading provider of services and products to the commercial and military aerospace and ground defense systems. The company 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.