TAT Applied sciences, a provider of services and products for the industrial and army aviation industries and the bottom defence industries, has secured a three-year contract value round $12 million to offer MRO providers for the GTCP331-500 auxiliary energy unit (APU) used on the Boeing 777.
The deal, signed with an undisclosed worldwide provider, will generate about $4 million in annual income.
Igal Zamir, chief govt of TAT Applied sciences, mentioned: “This new contract additional strengthens TAT’s increasing place within the APU market. We proceed to construct long-term relationships with prospects primarily based on our numerous choices and industry-leading turnaround time. Moreover, our leasing enterprise creates compelling synergies with our MRO enterprise, enabling deeper penetration into the half billion-dollar APU market. The strategic agreements we signed with Honeywell proceed to yield tangible income alternatives, together with this newest award for the B777 platform.”
The win reinforces TAT Applied sciences’ position as a key participant within the APU aftermarket, constructing on its strategic collaboration with Honeywell.
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