TAT Technologies Ltd. is a publicly traded company, with facilities in Israel and the United States, providing 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 The Tel Aviv Stock Exchange (TASE; ), colloquially known as The Bursa, is the only public stock exchange in Israel and a public company itself, listed on its own exchange since August 1, 2019. It is regulated by the ''Securities Law (1968)'' a ...

Operations

TAT Technologies is a manufacturer of

environmental control system In aeronautics, an environmental control system (ECS) of an aircraft is an essential component which provides air supply, thermal control and cabin pressurization for the crew and passengers. Additional functions include the cooling of avionics ...

s for the

commercial Commercial may refer to: * (adjective for) commerce, a system of voluntary exchange of products and services ** (adjective for) trade, the trading of something of economic value such as goods, services, information or money * a dose of advertising ...

and

military A military, also known collectively as armed forces, is a heavily armed, highly organized force primarily intended for warfare. Militaries are typically authorized and maintained by a sovereign state, with their members identifiable by a d ...

aviation industries. The systems it provides include

heat exchangers A heat exchanger is a system used to transfer heat between a source and a working fluid. Heat exchangers are used in both cooling and heating processes. The fluids may be separated by a solid wall to prevent mixing or they may be in direct contac ...

and cooling systems, essential for the operation of aircraft machinery and electronics, as well as

air conditioners Air conditioning, often abbreviated as A/C (US) or air con (UK), is the process of removing heat from an enclosed space to achieve a more comfortable interior temperature, and in some cases, also controlling the humidity of internal air. Air c ...

for use in military installations and in armored vehicles. TAT's clients have included the

United States Army The United States Army (USA) is the primary Land warfare, land service branch of the United States Department of Defense. It is designated as the Army of the United States in the United States Constitution.Article II, section 2, clause 1 of th ...

Boeing The Boeing Company, or simply Boeing (), is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. The company also provides leasing and product support s ...

Lockheed Martin The Lockheed Martin Corporation is an American Arms industry, defense and aerospace manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta on March 15, 1995. It is headquartered in North ...

Cirrus Aircraft The Cirrus Design Corporation, doing business as Cirrus Aircraft (formally Cirrus Design), is an aircraft design, manufacturing, maintenance and management company, as well as a provider of flight training services, that was founded in 1984 by ...

, and

Embraer Embraer S.A. () is a Brazilian multinational aerospace corporation. It develops and manufactures aircraft and aviation systems, and provides leasing, equipment, and technical support services. Embraer is the third largest producer of civil air ...

. The company's competitors include

AMETEK AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 220 sites worldwide. The company was founded in 1 ...

Honeywell International Honeywell International Inc. is an American public company, publicly traded, multinational corporation, multinational conglomerate (company), conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four are ...

and

Hamilton Sundstrand Hamilton Sundstrand was an American globally active corporation that manufactured and supported aerospace and industrial products for worldwide markets. A subsidiary of United Technologies Corporation, it was headquartered in Windsor Locks, Con ...

Subsidiaries

* Limco Airepair Inc. – manufacturer of

heat transfer Heat transfer is a discipline of thermal engineering that concerns the generation, use, conversion, and exchange of thermal energy (heat) between physical systems. Heat transfer is classified into various mechanisms, such as thermal conduction, ...

equipment. * Piedmont Aviation Component Services LLC – provider of component maintenance and aircraft overhaul. Headquartered in

Kernersville, North Carolina Kernersville is a town in Forsyth County, North Carolina, Forsyth County, North Carolina, and the largest suburb of Winston-Salem. A small portion of the town is also in Guilford County, North Carolina, Guilford County. The population was 26,481 ...

, the company's roots date back to the 1940s. * Turbochrome LTD – provider of jet engine component maintenance. Headquartered in

Kiryat Gat Kiryat Gat () also spelled Qiryat Gat, is a city in the Southern District of Israel. It lies south of Tel Aviv, north of Beersheba, and west southwest of Jerusalem. In it had a population of . The city hosts one of the most advanced semicondu ...

, the company's was founded in 1969 as a joint venture between Chromalloy and

Israel Aerospace Industries Israel Aerospace Industries (IAI; ), is Israel's major aerospace and aviation manufacturer, producing aerial and astronautic systems for both military and civilian usage. It has 14,000 employees as of 2021. IAI is state-owned by the government ...

History

TAT Technologies was founded in Israel in 1969 by Shlomo Ostersetzer in response to a French arms embargo on combatants in the

Six-Day War The Six-Day War, also known as the June War, 1967 Arab–Israeli War or Third Arab–Israeli War, was fought between Israel and a coalition of Arab world, Arab states, primarily United Arab Republic, Egypt, Syria, and Jordan from 5 to 10June ...

. The company was established with the goal of replacing the French aviation industry, upon which Israel had relied extensively until that time. TAT has been listed on the NASDAQ American stock exchange since 1987 and joined the Tel Aviv Stock Exchange in 2005. 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 Yitzhak Tshuva (; born July 7, 1948) is an Israeli billionaire businessman. He is the founder of El-Ad Group, a real estate development and holding company, which owned the New York Plaza Hotel. He also owns the Israeli conglomerate Delek Group ...

Acquisitions

References

{{Israel NASDAQ Defense companies of Israel Aerospace companies Manufacturing companies established in 1969 Technology companies established in 1969 Companies listed on the Nasdaq Companies listed on the Tel Aviv Stock Exchange

Operations

Subsidiaries

History

Acquisitions

See also

References