6-K - TAT Technologies Ltd. | StockGist

AI Analysis

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TAT Technologies Ltd. announced a $36 million APU MRO contract with a leading global cargo carrier, including a two-year extension of the existing GTCP331-200/250 contract valued at $22 million and a new four-year contract for GTCP331-500 valued at $14 million with a two-year extension option.

Key Takeaways

1Secured $36 million combined APU MRO contract with leading global cargo carrier

2Two-year extension of GTCP331-200/250 MRO contract valued at $22 million

3New four-year GTCP331-500 MRO contract valued at $14 million with two-year extension option

4Deepens relationship with one of the world’s largest cargo carriers

5Igal Zamir, CEO, highlighted leadership in APU MRO market and customer trust

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

$36.0M$36.0M$22.0M$14.0M

Transaction Details

Material Agreement

Parties: TAT Technologies Ltd., leading global cargo carrier

•MRO services for GTCP331-200/250 APU (two-year extension, $22 million)
•MRO services for GTCP331-500 APU (four-year term with two-year extension option, $14 million)
•Combined estimated value $36 million

Exhibits (1)

6-K