TAT Technologies Awarded 2-Year Agreement with Korean Air to Provide Maintenance, Repair and Overhaul (MRO) for Aircraft Heat Exchangers, Valued at up to $2M in Total Revenue
GEDERA, Israel, January 9, 2018 /PRNewswire/ —
TAT Technologies Ltd. (NASDAQ: TATT), a leading provider of services and products to the commercial and military aerospace and ground defense systems, today announced that its subsidiary, Limco Airepair, Inc. (“Limco”) has signed a two (2) year agreement with Korean Air to provide maintenance, repair and overhaul (MRO) for heat exchangers places in Korean Air’s aircrafts, valued at up to $2M in total revenue.
Mr. Igal Zamir, CEO and President of TAT Technologies stated, “We are pleased to continue our long relationship with Korean Air. The agreement strengthens TAT’s position as a world leader in the Asia-Pacific region for MRO of aircraft heat exchangers.”
About TAT Technologies LTD
TAT Technologies 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. TAT’s Thermal Management Solutions include OEM and aftermarket of thermal management components and systems. TAT’s Power & Actuation include aftermarket support (MRO) of APU, Landing Gear and Aero-engines components. TAT Technologies controlling shareholders is FIMI Private Equity Fund. For more information, you are welcome to visit our website:http://www.tat-technologies.com
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SOURCE TAT Technologies Ltd