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TAT Technologies Ltd. announces a $4M agreement with Lockheed Martin for components of the F-16 emergency power unit and additional related components

TAT Technologies Ltd., a leading provider of services and products to the commercial and military aerospace and ground defense industries, today announced it entered into a Memorandum of Agreement (MOA) with Lockheed Martin (NYSE: LMT) for the procurement of TAT components for the F-16 emergency power unit and additional related components for the F-16 multirole fighter aircraft. Total value of the MOA is $4.1M over the next two years.

This agreement between the two companies is a continuation of a 27-year business relationship wherein TAT has provided Lockheed Martin with components of the emergency power unit and additional related components for the F-16.

TAT also announced today the signing of a memorandum of understanding (MOU) with Lockheed Martin and Hamilton Sundstrand formalizing TAT's participation in the United States Government's Joint Strike Fighter (JSF), the F-35 program. TAT was identified as a strategic source for electronic cooling components for the F-35 program and will be offered with the opportunity to subcontract on the program, on a best-value basis consistent with the program's objectives and requirements. The MOU is contingent upon Israel's selection of the F-35.

TAT's President and CEO, Dr. Shmuel Fledel, commented: "This continuing order, together with the other programs recently awarded to TAT, demonstrate TAT's strong market position in providing its solutions, including heat transfers and accessories, to the aviation industry. TAT is proud of the close relationships it has established with a world-leading customer such as Lockheed Martin, wherein for some components TAT provides to Lockheed Martin TAT is the sole supplier world-wide. We are fully committed to continue to support Lockheed Martin's F-16 program. We are looking forward to expanding our cooperation with Lockheed Martin for additional programs".

Press release issued by TAT Technologies Ltd. on July 27, 2010

 

 Contact details from our directory:
TAT Technologies Ltd. Power Distribution Equipment, Intercoolers, Avionics Heat Exchangers, Flow Control Valves, Air Conditioning Equipment, Cooling Systems, Fuel Pumps, Bleed Air Systems, Ice Protection/Prevention Equipment, Air Cycle Machines, Engine Heat Exchangers, Airborne Electrical Power Supplies
Lockheed Martin Aeronautics Company Airframer
UTC Aerospace Systems, Air Management Systems AC/DC Generators, Bleed Air Systems, Mechanical Actuators, Fuel Pumps, Fuel Tanks & Systems, Valves, Automatic Flight Control Systems, Engine Controls, Starters, Pneumatic Systems Equipment, Cooling Systems, Ice Protection/Prevention Equipment, Air Conditioning Equipment, Air Cycle Machines, Gearboxes, Fly-by-Wire Systems, Turbine Engine Starters, Flight Management Systems, Vibration Damping Materials, Fuel Inerting Systems

 

 Related aircraft programs:
Lockheed Martin F-35 Lightning II
Lockheed Martin F-16 Fighting Falcon

 

 Related directory sectors:
Environmental Systems
Electrical Power Systems

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