$TATT

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TAT Technologies, Beyond Aero Partner on Thermal Management for Aircraft

TAT Technologies (TATT) partnered with French aerospace company Beyond Aero to support the thermal management architecture of its hydrogen-electric aircraft program, the company said Monday.Under the deal, Beyond Aero is integrating TAT's Universal Cooling System into its ONE aircraft design, providing cooling for electric and hydrogen-electric aircraft while meeting size, weight and performance requirements.Beyond Aero is developing a hydrogen-electric aircraft designed to carry six passengers up to 800 nautical miles, or about 1,500 kilometers, it added.TAT Technologies shares were down 1.7% in Monday trading.Price: $37.67, Change: $-0.79, Percent Change: -2.05%

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Wire61d ago

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%

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Wire103d ago

TAT Technologies Wins $45 Million Multiyear MRO Contracts

TAT Technologies (TATT) said Wednesday it was awarded multiyear maintenance, repair and overhaul contracts worth about $45 million with international commercial and cargo airline customers.The contracts have terms ranging from 5 to 10 years and cover auxiliary power unit and heat exchanger MRO services under OEM authorization, the company said.TAT Technologies said it expects the new agreements to improve revenue visibility and expand its aviation aftermarket presence.The company also said it expects a $4 million pre-tax gain in Q2 from the sale of a minority stake in an unconsolidated entity.Shares of the company were up 6% in Wednesday trading.Price: $42.79, Change: $+2.43, Percent Change: +6.02%

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