TAT Technologies
{{Infobox company
| name = TAT Technologies Ltd.
| logo = TAT Technologies logo 2019.svg
| caption =
| type = Public
| traded_as = {{NASDAQ|TATT}}
{{TASE|TATTF}}
| fate =
| predecessor =
| successor =
| foundation = {{Start date and age|1969}}
| founder = Shlomo Ostersetzer
| defunct =
| location_city = Gedera
| location_country = Israel
| location =
| locations =
| area_served =
| key_people = Itsik Maaravi (CEO and president)
| industry = Diversified technology
| products = Heat exchangers
Cold plates
Cooling systems
Flow control valves
| services =
| revenue = {{Decrease}} US$ 79.76 million (2010)
| operating_income = {{Decrease}} US$ –6.60 million (2010)
| net_income = {{Decrease}} US$ –7.39 million (2010)
| assets =
| equity =
| owner =
| num_employees =
| parent = KMN Holdings
| divisions =
| subsid =
| homepage = {{URL|http://tat-technologies.com/}}
| footnotes = {{cite web|title=TATT Income Statement|url=https://finance.yahoo.com/q/is?s=TATT+Income+Statement&annual|publisher=Yahoo! News|access-date=23 November 2011|year=2011}}
| intl =
}}
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|date=October 2021}}
Operations
TAT Technologies is a manufacturer of environmental control systems for the commercial and military aviation industries.{{Citation needed|date=October 2021}} 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.{{cite web|title=TAT Technologies, Ltd.|url=http://www.hoovers.com/company/TAT_Technologies_Ltd/hhrrci-1.html|publisher=Hoover's|access-date=23 November 2011|year=2011}}{{cite news|last=Tsipori|first=Tali|title=חברה על הכוונת: ת.א.ת טכנולוגיות - חמה ומתחממת|url=http://www.globes.co.il/news/article.aspx?did=1000674517|access-date=23 November 2011|newspaper=Globes|date=18 August 2011|language=he|trans-title=Company in the crosshairs: TAT Technologies – hot and getting hotter|quote=ת.א.ת מייעדת כרגע את מחליפי החום פרי פיתוחה אך ורק לכלי תעופה, ובכל כלי תעופה יש מספר מערכות מכניות ואלקטרוניות, ולכן בכל כלי תעופה יש מספר מחליפי חום, וכל אחד שונה מהשני מכיוון שהוא משרת מערכת אחרת.}}{{cite web|last=Daniel|first=Mary|title=TAT Technologies Comes at a Steal|url=http://seekingalpha.com/article/160837-tat-technologies-comes-at-a-steal|publisher=Seeking Alpha|access-date=23 November 2011|date=10 September 2009|quote=The company's product line includes heat exchangers, cooling systems, cold plates, air conditioning systems, and fuel systems.}} TAT's clients have included the United States Army, Boeing, Lockheed Martin, Cirrus Aircraft, and Embraer.{{cite news|last=Habib-Valdhorn|first=Shiri|title=TAT Technologies in US Army deal|url=http://www.globes.co.il/serveen/globes/docview.asp?did=1000645719&fid=1725|access-date=23 November 2011|newspaper=Globes|date=16 May 2011}}{{cite news|title=Israeli firm supplies F-16 power units|url=http://www.upi.com/Business_News/Security-Industry/2010/07/28/Israeli-firm-supplies-F-16-power-units/UPI-22501280324752/|access-date=23 November 2011|newspaper=United Press International|date=28 July 2010|location=Gedera, Israel}}{{cite news|last=Hall|first=Steve|title=Cirrus Selects Supplier For SF 50 Jet Ice Protection System|url=http://avstop.com/news_may_2010/cirrus_selects_supplier_for_sf_50_jet_ice_protection_system.htm|access-date=23 November 2011|newspaper=AvStop.com|date=25 May 2010}}{{cite news|last=Habib-Valdhorn|first=Shiri|title=TAT wins long-term Embraer deal|url=http://www.globes.co.il/serveen/globes/docview.asp?did=1000441348|access-date=23 November 2011|newspaper=Globes|date=7 April 2009}} The company's competitors include AMETEK, Honeywell International and Hamilton Sundstrand.{{cite news|title=Tat Technologies Ltd|url=https://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=TATT.O|archive-url=https://web.archive.org/web/20160304132447/http://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=TATT.O|url-status=dead|archive-date=4 March 2016|access-date=23 November 2011|newspaper=Reuters}}
= Subsidiaries =
- Limco Airepair Inc. – manufacturer of heat transfer equipment.{{cite web|last=Pearson|first=Chrissy|title=Gov. Perdue Announces 120 Jobs in Forsyth Count|url=http://www.governor.state.nc.us/NewsItems/PressReleaseDetail.aspx?newsItemID=69|publisher=Governor of North Carolina|access-date=23 November 2011|location=Raleigh, North Carolina|date=9 February 2009}}
- 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.{{cite web|title=Piedmont Aviation Component Services, LLC|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=25473852|archive-url=https://archive.today/20120709223110/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=25473852|url-status=dead|archive-date=July 9, 2012|work=Bloomberg Businessweek|access-date=23 November 2011|year=2011}}
- 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|date=October 2021}} The company was established with the goal of replacing the French aviation industry, upon which Israel had relied extensively until that time.{{cite news|title=ממתינים לפד|url=http://www.globes.co.il/news/article.aspx?did=1000134805|access-date=23 November 2011|newspaper=Globes|date=19 September 2006|language=he|trans-title=Waiting for the Fed|quote=החברה אגב הוקמה על-ידי שלמה אוסטרזצר בסוף שנות ה-60', בתגובה לאמברגו הצרפתי על ישראל.}}{{cite news|title=Israelis Rap Ban on Arms by French|url=https://news.google.com/newspapers?id=APRYAAAAIBAJ&pg=6769,1748247|access-date=2 December 2011|newspaper=The Spokesman-Review|date=5 January 1970|agency=Associated Press|location=Jerusalem|page=6}}{{cite news|title=French Remove Mideast Arms Sale Embargo|url=https://news.google.com/newspapers?id=sHIUAAAAIBAJ&pg=6482,526301|access-date=4 December 2011|newspaper=Toledo Blade|date=27 August 1974|agency=Reuter|location=Paris}}{{cite news|last=Jenkins|first=Loren|title=France Orders Embargo on Spare Parts|url=https://news.google.com/newspapers?id=0EQaAAAAIBAJ&pg=6635,346579|access-date=2 December 2011|newspaper=The Times-News|date=7 January 1969|agency=UPI|location=Paris|page=11}}{{cite news|title=סמנכ"ל הכספים של תאת טכנולוגיות: 'הצמיחה שלנו די יפה, אבל אנחנו לא מסתפקים בה'|url=http://www.globes.co.il/news/article.aspx?did=1000272106|access-date=23 November 2011|newspaper=Globes|date=7 November 2007|language=he|trans-title=Deputy CFO of TAT Technologies: 'Our growth is quite nice, but we aren't contenting ourselves with that'|quote=החברה הוקמה ב-1969 על רקע החרם הצרפתי על ישראל, והיא נועדה להחליף את התעשייה הצרפתית בכל הקשור לתעופה.}}{{cite news|last=Greenberg|first=Shlomo|title=Tue: Fancy TAT|url=http://www.globes.co.il/serveen/globes/docview.asp?did=754334|access-date=23 November 2011|newspaper=Globes|date=23 December 2003}} TAT has been listed on the NASDAQ American stock exchange since 1987 and joined the Tel Aviv Stock Exchange in 2005.{{cite web|url=http://pdf.secdatabase.com/575/0001178913-06-001173.pdf |title=TAT TECHNOLOGIES LTD, Form 20-F, Filing Date Jun 28, 2006 |publisher=secdatabase.com |access-date =May 15, 2018}} 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.{{cite news|last=Shuster|first=Shmuel|title=רוני אלרואי רוכש את השליטה בבנטל תעשיות מקיבוץ מרום גולן לפי שווי של 12.4 מיליון דולר|url=http://www.themarker.com/wallstreet/1.510707|access-date=23 November 2011|newspaper=TheMarker|date=3 January 2008|language=he|trans-title=Roni Elroy acquires control of Bental Industries of Kibbutz Merom Golan per valuation of $12.4 million|quote=קבוצת ת.א.ת, הנסחרת בבורסת נאסד"ק ובתל אביב במקביל, נמצאת בשליטת קבוצת קמן של רוני אלרואי, חתנו של יצחק תשובה. לפני כחודש וחצי רכשה קמן באמצעות החברה הבת ישאל, כ-54% מהון מניותיה של ת.א.ת תעשיות מידי שלמה אוסטרזצר ושותפו דב צאלים, תמורת כ-105.2 מיליון שקל.}}