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TAT signs $5 million contract with USAF

May 12, 2003 (by Lieven Dewitte) - TAT Technologies limited, which is engaged in the manufacturing, repairs and overhauls of heat transfer equipment and other various accessories, mainly used in aircraft, reported today that its wholly owned subsidiary Limco-Airepair Inc. of Tulsa Oklahoma has obtained a U.S. Air Force 5-year contract for the repair and overhaul of F16 Heat Exchangers. Total Revenues to be generated by this contract are evaluated at $5,000,000.
TAT, together with its subsidiaries, is principally engaged in the manufacture, repair and overhaul of heat transfer equipment, such as heat exchangers, precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems, electronic equipment and other applications. In addition the company manufactures and overhauls aircraft accessories and systems such as pumps, valves, power systems, turbines, etc.