TATT News & Events

TAT Technologies announced the award of several new long-term maintenance, repair and overhaul "MRO" agreements with international commercial and cargo airline customers, representing estimated aggregate revenue of approximately $45M over contract terms ranging from 5 to 10 years. The newly awarded agreements include support across auxiliary power unit platforms under TAT's OEM authorization as well as MRO for heat exchangers. The company believes these awards will further reinforce its growing position within the global commercial aviation aftermarket and reflect continued demand for its APUs and thermal components.

Igal Zamir, TAT's CEO and President, commented: ""As we look ahead through the rest of 2026, we are confident in the fundamentals of the business. Demand is at an all-time high and our record backlog provides strong revenue expectations. Subject to the anticipated resolution of our recent supply chain disruptions, we expect our growth trajectory will resume in the Q2 and the second half of the year, driven primarily by stronger demand and record backlog. We remain well-positioned to deliver growth and long-term value for our shareholders."

Reports Q1 operating income $3.0M vs. $4.2M last yer. Igal Zamir, TAT's CEO and President, commented: "TAT Technologies entered 2026 with a robust operational foundation, and the record customer demand in the first quarter reinforced our confidence in the trajectory we are on. Demand for our services has never been stronger, and the value of our long-term agreements and backlog reached an all-time high, growing to approximately $580M at the end of Q1, reflecting new contract wins and exceptionally strong customer intake across all four of our service lines. As opposed to this strong momentum entering the year, and as previously communicated, we experienced some supply chain disruptions that affected the results of the first quarter. These distruptions were triggered by certain OEM suppliers, leading to delays in finish goods and deliveries. Primarily as a result of these delays, our revenue slightly declined YoY, not fully utilizing our growing backlog. We expect this obstacle to be resolved in the next few months, allowing TAT the continued growth trajectory we started last year."