TAT Technologies Ltd., a leading supplier of products and services for the commercial and military aviation industries and the ground defense industries, announces a significant contract expansion with Collins Aerospace.
Limco Airepair, a wholly owned subsidiary of TAT located in Tulsa, Oklahoma, which specializes in MRO services for heat transfer components and OEM production of heat transfer solutions, reports the signing of a significant contract expansion with Collins Aerospace, for the provision of MRO services for Boeing 777 thermal components.
This is an expansion of an existing successful partnership for over 20 years between the companies, where Limco Airepair is providing MRO services to Collins' customers in North America.
The contract will expand the scope of services to be provided to Collins' customers worldwide. The contract expansion represents potential additional revenues of $6 million per year.
Igal Zamir, CEO of TAT: "Our long-term strategy of partnering with large global aerospace providers proves itself once again. We are proud to be part of Collins' preferred suppliers for MRO activity. This new contract will leverage our relationship to a higher stage and is a perfect match to our strategic investments in Limco, building it as the largest independent Aerospace Thermal Components OEM & MRO service provider in the world. The contract will start to yield revenues this year."
Located in Tulsa, Oklahoma, Limco is a FAA-certified repair station provides MRO services for airlines, air cargo carriers, maintenance service centers and the military, especially for heat transfer components. In addition to its MRO services, Limco is an OEM of heat transfer solutions for aircraft and system manufacturers and other selected related products. During 2021 TAT started a strategic transaction to combine all of TAT's heat transfer solutions, both MRO and OEM, to one place in Tulsa Oklahoma. As part of it, TAT intends to establish its global R&D center in the US. This will enable Limco to provide end-to-end solution to aircraft and system manufacturers from design to OEM production and MRO aftermarket services. Limco has received several incentives from the state of Oklahoma to support its entire investments, capability ramp up and rapid increase in manpower to support its rapidly growing activity.
