TAT Technologies Ltd. has expanded its strategic relationship with Honeywell Aerospace to become the sole global authorized distributor of spare parts for the GTCP 331-200/250 auxiliary power unit (APU) platform. The agreement, announced on July 14, 2026, also extends TAT's MRO licenses for this platform until 2036. Additionally, the company acquired three Honeywell Aerospace 131-9A APUs to expand its trading and leasing business. This development positions TAT as a leading global provider of MRO services and aftermarket parts support for the platform.

Key Agreement Details

The expanded partnership designates TAT as the sole authorized distributor for GTCP 331-200/250 APU spare parts. The MRO license extension secures TAT's service capabilities for this platform through 2036. The acquisition of three Honeywell Aerospace 131-9A APUs is intended to bolster the company's trading and leasing operations.

Strategic Implications

For operators, lessors, and MRO providers maintaining aircraft on this platform, the agreement provides a single, trusted source for both service and parts. This consolidation reduces the coordination typically required across multiple vendors and supports faster turnarounds when aircraft need a reliable return to service commitment. The agreement deepens TAT's relationship with its global customer base and positions the company to build new relationships across the broader operator community on this platform.

TAT Technologies Ltd. has been added to the small-cap Russell 2000 Index, effective when the US market opens on June 29, 2026. This inclusion is part of the 2026 Russell indexes reconstitution and is expected to enhance the company's visibility within the global investment community while broadening its institutional shareholder base.

The June Russell US Indexes reconstitution captures up to the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 2000 Index ensures automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership primarily by objective, market-capitalization rankings and style attributes.

Mr. Igal Zamir, TAT's CEO and President, stated that joining these widely recognized benchmarks will substantially expand visibility and enhance trading liquidity to drive long-term value for shareholders.

About TAT Technologies Ltd.

TAT Technologies is a provider of solutions and services to the aerospace and defense industries. The company operates through four main units:

FTSE Russell is a global index leader providing benchmarking, analytics, and data solutions. Approximately $21.20 trillion is benchmarked to FTSE Russell indexes. The company is wholly owned by LSEG.