TAT Technologies Signs $12 Million Contract for APU MRO Services on Boeing 777 Aircraft
TAT Technologies, a leading supplier of products and services to the commercial and military aviation and land defense industries, has signed a new three-year contract with an international airline to provide maintenance, repair, and overhaul (MRO) services for the GTCP331-500 auxiliary power unit (APU) used on Boeing 777 aircraft. The total value of the agreement is $12 million, equivalent to an average annual revenue of $4 million.
Strong Position in the APU Market
TAT Technologies CEO Igal Zamir emphasized the importance of the contract:
“This new agreement further strengthens TAT’s growing position in the APU market. Thanks to our diverse offerings and industry-leading delivery times, we continue to build long-term relationships with our customers. Our integrated approach, combining MRO services with leasing activities, creates strong synergies that enable deeper penetration in the $500 million APU market.”
Critical Support for the Boeing 777
The GTCP331-500 APU is a critical component that provides electrical power and environmental control systems for the Boeing 777 while on the ground. TAT Technologies’ expertise in this field, combined with rapid delivery times and high reliability, maximizes aircraft availability and operational efficiency for commercial operators.
Strategic Partnerships
Zamir also noted that ongoing strategic partnerships with Honeywell offer significant revenue opportunities for TAT. This new contract for the Boeing 777 platform demonstrates the company’s commitment to expanding market share and winning new business in both the commercial and military aviation segments.
