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GEDERA, Israel, July 1, 2021 /PRNewswire/ TAT Technologies Ltd. is pleased to announce that TAT Piedmont, a fully owned subsidiary, signed an additional new strategic MRO and lease agreement with Honeywell for the maintenance repair and overhaul of Honywell s 131 Series of Auxiliary Power Units.
The 131 Series is the leading APU manufactured by Honeywell and serves the Boeing 737 and Airbus 319/320/321 among other aircraft types with over 16,000 engines worldwide and additional units to be produced in the future.
Igal Zamir, CEO and President of TAT Technologies, stated: The 131 Series APU is the most common APU in the world. The Company believes that due to the execution of the new strategic agreement with Honeywell, its addressable market size in the MRO segment is expected to grow in a substantial manner, and therefore opens the door to TAT for potentially significant revenue growth in the MRO segment. Over the last nine months TAT sig
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