TAT Technologies signs new deal with US Army

TAT Technologies Ltd., a leading provider of services and products to the commercial and military aerospace and ground defense industries, today announced that it has signed a five-year contract with the US Army for the overhaul and upgrade of Anti Icing Engine Valves for Apache and Black Hawk helicopters. The value of the agreement may reach $20M over the five-year period with the actual value contingent, among other things, on the Army's availability of funds. A first purchase order for the value of $4.3M has already been placed, with deliveries commencing this year.

TAT Technologies has been for more than 20 years an authorized repair center for Anti Icing Valves and based on these capabilities TAT Technologies was authorized as a certified repair center for the US Army which eventually resulted in this award.

The business relationship between TAT Technologies and the different branches of the US military has existed for several decades, during which TAT Technologies provided various services and components such as valves and heat exchangers.

TAT's President and CEO, Dr. Shmuel Fledel, commented: "This is a strategic contract for TAT in light of its size and of the potential for further cooperation with the U.S Army as well as with other military forces around the world. This is our first contract with AMCOM- the Aviation and Missiles Command of the US Army. It is the result of historic and ongoing efforts on behalf of TAT Technologies and it demonstrates TAT's leading position and recognition in the aerospace and defense sectors".

"We are proud of the business and professional relationship with the US Army as well as with other military forces around the world. This reflects TAT's strategy to enhance its leading position in its target markets and to continuously provide products and services of the highest quality".

Source: TAT Technologies

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