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TAT Technologies Reports signing a new strategic contract with Honeywell
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GEDERA, Israel, Jan. 5, 2021 /PRNewswire/ TAT Technologies Ltd. (NASDAQ: TATT - News) ( TAT or the Company ), a leading provider of products and services to the commercial and military aerospace and ground defense industries, announced today that its fully owned subsidiary, TAT Piedmont Aviation ( TAT-Piedmont ), and Honeywell International, had entered into a 10-year agreement for an exclusive worldwide Auxiliary Power Unit (APU) rental services for OEM authorized GTCP331-500 engine. This engine is installed in all Boeing 777 aircraft around the world. Under this contract TAT-Piedmont will offer rental services to airlines who are operating Boeing s 777 aircraft and will serve on behalf of Honeywell for any rental of Honeywell GTCP331-500 APUs to all of Honeywell s customers on an exclusive basis.