TAT Technologies receives contract from Embraer

TAT Technologiest has been awarded a contract by Embraer, to be responsible for the design, manufacture, integration, testing, supply, and product support for the heat exchangers to be incorporated into the Legacy 450 midlight & Legacy 500 midsize, new executive jets being developed by Embraer. Assuming the successful development and marketing of the new aircraft, TAT Technologies anticipates revenues of approximately $20 million over a ten year period which should commence some time in 2010. In addition, if successful, it is expected that the product will, in the future, generate significant additional aftermarket and support revenues. TAT Technologies also anticipates incurring certain developmental expenses over the next two years in connection with the development of the product.