TAT Technologies explained

TAT Technologies Ltd.
Type:Public
Traded As:NASDAQ:
Founder:Shlomo Ostersetzer
Location City:Gedera
Location Country:Israel
Key People:Itsik Maaravi (CEO and president)
Industry:Diversified technology
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
Footnotes:[1]

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.

Operations

TAT Technologies is a manufacturer of environmental control systems for the commercial and military aviation industries. 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

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. 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

CompanyYearPriceReference
Limco1993 
Piedmont2005$15 millionAcquired via Limco[20] [21]
Bental2008 

See also

Notes and References

  1. Web site: TATT Income Statement. Yahoo! News. 23 November 2011. 2011.
  2. Web site: TAT Technologies, Ltd.. Hoover's. 23 November 2011. 2011.
  3. News: Tsipori. Tali. חברה על הכוונת: ת.א.ת טכנולוגיות - חמה ומתחממת. 23 November 2011. Globes. 18 August 2011. he. Company in the crosshairs: TAT Technologies – hot and getting hotter. 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..
  4. Web site: Daniel. Mary. TAT Technologies Comes at a Steal. Seeking Alpha. 23 November 2011. 10 September 2009. The company's product line includes heat exchangers, cooling systems, cold plates, air conditioning systems, and fuel systems..
  5. News: Habib-Valdhorn. Shiri. TAT Technologies in US Army deal. 23 November 2011. Globes. 16 May 2011.
  6. News: Israeli firm supplies F-16 power units. 23 November 2011. United Press International. 28 July 2010. Gedera, Israel.
  7. News: Hall. Steve. Cirrus Selects Supplier For SF 50 Jet Ice Protection System. 23 November 2011. AvStop.com. 25 May 2010.
  8. News: Habib-Valdhorn. Shiri. TAT wins long-term Embraer deal. 23 November 2011. Globes. 7 April 2009.
  9. News: Tat Technologies Ltd. https://web.archive.org/web/20160304132447/http://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=TATT.O. dead. 4 March 2016. 23 November 2011. Reuters.
  10. Web site: Pearson. Chrissy. Gov. Perdue Announces 120 Jobs in Forsyth Count. Governor of North Carolina. 23 November 2011. Raleigh, North Carolina. 9 February 2009.
  11. Web site: Piedmont Aviation Component Services, LLC. https://archive.today/20120709223110/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=25473852. dead. July 9, 2012. Bloomberg Businessweek. 23 November 2011. 2011.
  12. News: ממתינים לפד. 23 November 2011. Globes. 19 September 2006. he. Waiting for the Fed. החברה אגב הוקמה על-ידי שלמה אוסטרזצר בסוף שנות ה-60', בתגובה לאמברגו הצרפתי על ישראל..
  13. News: Israelis Rap Ban on Arms by French. 2 December 2011. The Spokesman-Review. 5 January 1970. Associated Press. Jerusalem. 6.
  14. News: French Remove Mideast Arms Sale Embargo. 4 December 2011. Toledo Blade. 27 August 1974. Reuter. Paris.
  15. News: Jenkins. Loren. France Orders Embargo on Spare Parts. 2 December 2011. The Times-News. 7 January 1969. UPI. Paris. 11.
  16. News: סמנכ"ל הכספים של תאת טכנולוגיות: 'הצמיחה שלנו די יפה, אבל אנחנו לא מסתפקים בה'. 23 November 2011. Globes. 7 November 2007. he. Deputy CFO of TAT Technologies: 'Our growth is quite nice, but we aren't contenting ourselves with that'. החברה הוקמה ב-1969 על רקע החרם הצרפתי על ישראל, והיא נועדה להחליף את התעשייה הצרפתית בכל הקשור לתעופה..
  17. News: Greenberg. Shlomo. Tue: Fancy TAT. 23 November 2011. Globes. 23 December 2003.
  18. Web site: TAT TECHNOLOGIES LTD, Form 20-F, Filing Date Jun 28, 2006 . secdatabase.com . May 15, 2018.
  19. News: Shuster. Shmuel. רוני אלרואי רוכש את השליטה בבנטל תעשיות מקיבוץ מרום גולן לפי שווי של 12.4 מיליון דולר. 23 November 2011. TheMarker. 3 January 2008. he. Roni Elroy acquires control of Bental Industries of Kibbutz Merom Golan per valuation of $12.4 million. 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..
  20. News: TAT Technologies Ltd. Acquires Piedmont Aviation Component Services, LLC, a Leading North Carolina-Based Fully Licensed Aviation Repair Station. 23 November 2011. TheFreeLibrary.com. 7 July 2005. PR Newswire. Gedera, Israel.
  21. News: TAT Technologies buys Piedmont Aviation for $15m. 23 November 2011. Globes. 25 May 2005.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "TAT Technologies".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.