TAT Technologies Ltd. announced on December 11, 2024, the signing of a five-year Maintenance, Repair, and Overhaul (MRO) agreement with a major North American cargo carrier. The contract is valued at approximately $17 million over its duration.
Under the terms of the agreement, TAT will provide repair and overhaul services for auxiliary power units (APUs) on the carrier's Boeing 757 and 767 aircraft. This contract reinforces TAT's leadership in the APU cargo carrier market.
Igal Zamir, President and CEO of TAT, stated that this agreement represents a significant addition to the MRO contracts already in place with major North American cargo carriers. The customer will benefit from TAT's APU repair capabilities, cost structure, and customer service.
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