TAT Technologies announces a $4M agreement with Lockheed Martin for components of the F-16 emergency power unit

  • 03-Aug-2010 01:27 EDT

TAT Technologies Ltd. has entered into a memorandum of agreement (MOA) with Lockheed Martin for the procurement of TAT components for the F-16 emergency power unit and additional related components. Total value of the MOA is $4.1 million over the next two years. This agreement is a continuation of a 27-year business relationship between the two companies. TAT has also signed a memorandum of understanding (MOU) with Lockheed Martin and Hamilton Sundstrand formalizing TAT's participation in the F-35 program. TAT was identified as a strategic source for electronic cooling components for the F-35 and will be offered the opportunity to subcontract on the program, on a best-value basis consistent with the program's objectives and requirements. The MOU is contingent upon Israel's selection of the F-35.

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