TAT Technologies announces contract with value of up to $6.2M for Lockheed Martin F-16 emergency power unit

TAT Technologies Ltd., a leading provider of services and products to the commercial and military aerospace and ground defense industries, today reported it received a Requirements Contract with a Master Purchase Order from Lockheed Martin Corporation for the procurement of the F-16 tactical aircraft's emergency power unit and additional related components. Total value of the contract may reach $6.2M' through December-31, 2018.

This contract between the two companies is a continuation of a 30-year business relationship wherein TAT has provided Lockheed Martin with components for the emergency power unit and additional related components for the F-16. TAT expects to receive an additional order for the same components from Lockheed Martin in the near future.

TAT's President and CEO, Mr. Itsik Maaravi, commented: "This continuing order demonstrate TAT's strong market position in providing its solutions, including heat management solutions 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. We are fully committed to continue to support Lockheed Martin's F-16 program and are looking forward to expanding our cooperation with Lockheed Martin for additional programs."