TAT Technologies
Israeli company
From Wikipedia, the free encyclopedia
TAT Technologies Ltd. is a publicly traded company, headquartered in 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.[citation needed]
| |
| Company type | Public |
|---|---|
| Nasdaq: TATT TASE: TATTF | |
| Industry | Diversified technology |
| Founded | 1969 |
| Founder | Shlomo Ostersetzer |
| Headquarters | , USA |
Key people | Igal Zamir (CEO and president) [2] |
| Products | Heat exchangers Cold plates Cooling systems Flow control valves |
| Revenue |  US$ 79.76 million (2010) |
| US$ –6.60 million (2010) | |
| US$ –7.39 million (2010) | |
| Parent | KMN Holdings |
| Website | tat-technologies |
| Footnotes / references [3] | |
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.[4][5][6] TAT's clients have included the United States Army, Boeing, Lockheed Martin, Cirrus Aircraft, and Embraer.[7][8][9][10] The company's competitors include AMETEK, Honeywell International and Hamilton Sundstrand.[11]
Subsidiaries
- Limco Airepair Inc. – manufacturer of heat transfer equipment.[12]
- 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.[12][13]
- 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 Israel in 1969 by Shlomo Ostersetzer in response to a French arms embargo on combatants in the Six-Day War. The company was established with the goal of replacing the French aviation industry, upon which Israel had relied extensively until that time.[14][15][16][17][18][19] TAT has been listed on the NASDAQ American stock exchange since 1987 and joined the Tel Aviv Stock Exchange in 2005.[20] 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.[21]