TAT Technologies Expands Partnership With Honeywell Aerospace
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%