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TAT Technologies Awarded Contract Worth Up to $6.2M' from Lockheed Martin


TAT Technologies Ltd. (NASDAQ TATT), 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 Purchas Order ("MPO") from Lockheed Martin Corporation (NYSE: LMT) 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.

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