Cirrus Aircraft and TAT Technologies sign letter of intent

TAT Technologies, a leading provider of services and products to the commercial and military aerospace and ground defense industries, reported that Cirrus Aircraft has issued a letter of intent designating TAT as the preferred supplier of heat exchangers for Bleed Air Supply System and Ice Protection System onboard the new Cirrus Aircraft SF 50 Vision Jet. The parties will now begin the formalization of a Supply Agreement as well as the next phase of integrating TAT’s Heat Exchangers into the Cirrus SF 50 Vision Jet systems. The program is estimated at $10 million value over 10 years. Following the 10 years of production additional significant business volume may be generated by “after market” services to be provided by TAT.