TAT wins $12m Boeing 777 APU MRO contract
TAT Technologies, a supplier of products and services for the commercial and military aviation industries and the ground defence industries, has secured a three-year contract worth around $12 million to provide MRO services for the GTCP331-500 auxiliary power unit (APU) used on the Boeing 777.
The deal, signed with an undisclosed international carrier, will generate about $4 million in annual revenue.
Igal Zamir, chief executive of TAT Technologies, said: “This new contract further strengthens TAT’s expanding position in the APU market. We continue to build long-term relationships with customers based on our diverse offerings and industry-leading turnaround time. Additionally, our leasing business creates compelling synergies with our MRO business, enabling deeper penetration into the half billion-dollar APU market. The strategic agreements we signed with Honeywell continue to yield tangible revenue opportunities, including this latest award for the B777 platform.”
The win reinforces TAT Technologies’ role as a key player in the APU aftermarket, building on its strategic collaboration with Honeywell.
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