The daily business news contradicting the left’s lie that investors and internaltional, global companies are avoiding Israel and Israeli companies. On the contrary: More and more companies sign huge service contracts. Obviously they trust the judicial system of Israel and its coming reforms.
TAT Technology is the daily by VonNaftali selected example out of many. TAT Technology wrote in their recent press release about this $50 million contract: “This contract extension is a result of a very successful partnership between the companies over the last 5 years. As part of this contract, TAT will provide MRO (Maintenance, Repair, Overhaul) services to the airline’s GTCP331 model APUs (Auxiliary Power Unit). TAT estimates revenues from this contract to be $50 million ($10 million per year).“
TAT Technologies Ltd. (TASE: TATT) (NASDAQ: TATT), a leading supplier of products and services for the commercial and military aviation industries and the ground defense industries, announces a significant contract expansion with a global air carrier. TAT controlling shareholders is the FIMI Private Equity Fund.
Igal Zamir, CEO of TAT: “We are extremely happy with the extension of this contract. Following a very comprehensive bid process, the customer awarded us with this contract which speaks to our price strategy, proven high level of service and great relationship. The contract is a significant milestone in realizing the strategic value of the contracts signed with Honeywell over the past 24 months and a testimony to TAT’s ability to serve large fleets.“