TAT Technologies' Wholly Owned Subsidiary, Piedmont Aviation Component Services has Signed a Four Year APU Maintenance Agreement with ExpressJet Airlines

TAT Technologies Ltd. (Nasdaq: TATT), a leading provider of services and products to the commercial and military aerospace and ground defense industries, today announced that its wholly-owned subsidiary, Piedmont Aviation Component Services (“Piedmont”), has signed a four year APU (Auxiliary Power Unit – a small gas turbine engine) Maintenance Agreement with ExpressJet Airlines covering its CRJ-200 fleet of 88 aircraft 36-150RJ APU. The agreement’s total value may reach $12 million.

TAT’s President and CEO, Mr. Itsik Maaravi, commented on the new agreement: "We are proud of this new relationship between ExpressJet Airlines and Piedmont.

For many years, Piedmont has been an industry leader in providing MRO services to the series 36-150 APU’s as an Authorized Honeywell Service Center. The new APU agreement reinforces Piedmont’s leading position in the APU maintenance industry."