TAT Technologies a leading supplier of OEM products and MRO services for the defense and commercial aviation industry, announced today the signing of a new contract for the repair of Boeing 747 Thermal component being used by a fleet of a major European Cargo carrier. The contract is valued at $7.5 million.
Mr. Zamir CEO and President of TAT Technologies said:” We won this contract due to our unique capabilities to serve this component under FAA and Easa certification.
“This unique component capability is one of appx. 300 different heat exchange, precoolers, condensers and thermal components for which we provide MRO (Maintenance Repair and Overhaul) services to airlines around the world.”
Mr. Zamir added:” this contract will start generating revenues and profits in Q3/2023 and for the coming years. It represents another demonstration of how we execute our strategy to focus on large MRO contracts with long-term customers. “