Mar. 11 at 9:21 PM
$TATT TAT Technologies signs
$36M MRO contract with cargo carrier
TAT Technologies announced that it has signed a contract with a global cargo carrier to provide MRO services for two auxiliary power unit, or APU, platforms. The combined estimated value of the agreement is approximately
$36M. The first component of the agreement is a two-year extension of TAT's existing contract to provide MRO services for the GTCP331-200/250 APU, which is estimated at a value of approximately
$22M. The second component is a new contract for MRO services for the GTCP331-500 APU, spanning an initial four-year term with an option to extend for an additional two years, which is estimated at a value of approximately
$14M.
