TAT Technologies (TATT) Stock: Over 5% Increase Pre-Market Explanation

By Amit Chowdhry ● May 19, 2021
  • The stock price of TAT Technologies Ltd. (NASDAQ: TATT)  increased by over 5% pre-market. This is why it happened.

The stock price of TAT Technologies Ltd. (NASDAQ: TATT)  increased by over 5% pre-market. Investors are responding positively to TAT Technologies announcing a partnership with Lufthansa Technik Shenzhen to establish a leading repair facility in China for Maintenance, Repair, and Overhaul (MRO) of aircraft Heat Transfer Components, which supports the Environmental Control System, Bleed Air System, and Fuel Inerting System for most major platforms. And preparations for the partnership are well on the way to creating the largest capability in the Asia-Pacific region and developing full capability, including core replacement. 

The facility is going to support operators in the Asia Pacific region. And in the interim, the companies have begun supporting operators in China through TAT Technologies.

“We are pleased to partner with a leading MRO supplier in this fast-growing region. This cooperation is part of our strategy to increase our global presence, improve customer service and grow revenues,” said Igal Zamir, CEO and President of TAT Technologies.

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