TAT Technologies

TAT Technologies Ltd. is a publicly traded Israeli company, headquartered in Gedera, Israel, that provides environmental control products and services for the commercial and military aviation industries. Its shares are traded on the NASDAQ Capital Market and on the Tel Aviv Stock Exchange.^{[citation needed]}

TAT Technologies Ltd.

Company type	Public
Traded as	Nasdaq: TATT TASE: TATTF
Industry	Diversified technology
Founded	1969; 56 years ago (1969)
Founder	Shlomo Ostersetzer
Headquarters	Gedera , Israel
Key people	Itsik Maaravi (CEO and president)
Products	Heat exchangers Cold plates Cooling systems Flow control valves
Revenue	US$ 79.76 million (2010)
Operating income	US$ –6.60 million (2010)
Net income	US$ –7.39 million (2010)
Parent	KMN Holdings
Website	tat-technologies.com
Footnotes / references [1]

Operations

TAT Technologies is a manufacturer of environmental control systems for the commercial and military aviation industries.^{[citation needed]} The systems it provides include heat exchangers and cooling systems, essential for the operation of aircraft machinery and electronics, as well as air conditioners for use in military installations and in armored vehicles.^[2][3][4] TAT's clients have included the United States Army, Boeing, Lockheed Martin, Cirrus Aircraft, and Embraer.^[5][6][7][8] The company's competitors include AMETEK, Honeywell International and Hamilton Sundstrand.^[9]

Subsidiaries

• Limco Airepair Inc. – manufacturer of heat transfer equipment.^[10]
• Piedmont Aviation Component Services LLC – provider of component maintenance and aircraft overhaul. Headquartered in Kernersville, North Carolina, the company's roots date back to the 1940s.^[10][11]
• Turbochrome LTD – provider of jet engine component maintenance. Headquartered in Kiryat Gat, the company's was founded in 1969 as a joint venture between Chromalloy and Israel Aerospace Industries.

History

TAT Technologies was founded in 1969 by Shlomo Ostersetzer in response to a French arms embargo on combatants in the Six-Day War – an embargo that primarily affected Israel.^{[citation needed]} The company was established with the goal of replacing the French aviation industry, upon which Israel had relied extensively until that time.^{[12][13][14][15][16][17]} TAT has been listed on the NASDAQ American stock exchange since 1987 and joined the Tel Aviv Stock Exchange in 2005.^[18] In 2007 the ownership of TAT was acquired from Ostersetzer and partner Dov Zeelim by Isal, a subsidiary of KMN Holdings, controlled by Roni Elroy, son-in-law of Yitzhak Tshuva.^[19]

Acquisitions

Company	Year	Price	Reference
Limco	1993		[20]
Piedmont	2005	$15 million	Acquired via Limco[21][22]
Bental	2008		[23]

See also

• France–Israel relations
• Lockheed Martin F-35 Lightning II
• Thermal management of electronic devices and systems
• List of Israeli companies quoted on the Nasdaq