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TAT Technologies Expands Partnership With Honeywell Aerospace

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TAT Technologies (TATT) said Tuesday it expanded its partnership with Honeywell Aerospace (HONA) to become the global authorized distributor of spare parts for the 331-200/250 auxiliary power unit platform.

Under the deal, the company also extended its maintenance, repair, and overhaul licenses for this platform until 2036 and acquired three Honeywell Aerospace 131-9A APUs to expand its trading and leasing business, according to a statement.

Shares of TAT Technologies rose over 5% in Tuesday trading.

Price: $45.26, Change: $+2.93, Percent Change: +6.91%

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TAT Technologies Expands Partnership With Honeywell Aerospace | FINWIRES