TAT Technologies' Wholly Owned Subsidiary, Piedmont Aviation Component Services Signed New $7M' Contracts

GEDERA, Israel, February 9 /PRNewswire-FirstCall/ -- TAT Technologies Ltd. (Nasdaq: TATT), a leading provider of services and products to the commercial and military aerospace and ground defense industries, today announced that its wholly owned subsidiary, Piedmont Aviation Components Services, signed two CRJ100 Landing Gear overhaul contracts - one exclusive contract with a regional North American operator and another contract with a respected European operator. The combined value of the contracts is estimated in excess of US$7M over a nine year period. Piedmont is based in Kernersville, NC and specializes in the maintenance support of regional aircraft Landing Gear and Honeywell's Auxilliary Power Unit ("APUs").

TAT's President and CEO, Dr. Shmuel Fledel , commented on the contracts "Signing these two contracts demonstrates TAT's leading position in the maintenance and overhaul industry and its advanced capabilities in supporting regional and general aviation operators, especially in the US and in Europe. These contracts are aligned with TAT's strategy - to increase volume of services provided to commercial aviation industry."

TAT Technologies LTD is a leading provider of services and products to the commercial and military aerospace and ground defense industries.