
“The Tam Management Company working in the military aviation sector has signed large contracts,” – the financial report published by the company says.
In 2022, the company signed 4 contracts with two countries of Central Africa and two countries of the former Soviet Union. The estimated value of the contracts is $30 million.
The main activities of the Tam Management Company are the design, production repair and overhaul of military and civil aviation products. It also repairs МИ-8, МИ24, МИ-24-В and МИ-24Д military helicopters. Since 2019, Tam Management Ltd has started providing a new service, which involves the repair of L-39 military aircraft.
The company indicates in the report that the financial results of 2021 were significantly affected by the COVID-19 pandemic.
"Due to the given reasons, in 2021, the total income of the company decreased and amounted to GEL 1,558,799 (in 2020 - GEL 4,759,016). The costs of production also decreased to GEL 447,261 (in 2020 - GEL 3,451,495). The total profit was GEL 1,111,538. In the final financial result of 2021, the financial loss was recorded in the amount of GEL 2,979,850," - the report states.
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One US dollar trades at GEL 2.7160
11/07/2025