TAT Technologies
| File:TAT Technologies logo.png | |
| Public | |
| Traded as | NASDAQ: TATT TASE: TATTF |
| Industry | Diversified technology |
| Founded | 1969 |
| Founder | Shlomo Ostersetzer |
| Headquarters | Gedera, Israel |
|
Key people
|
Itsik Maaravi (CEO and Pres.) |
| 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 | www |
| Footnotes / references [1] |
|
TAT Technologies 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.
Contents
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
- 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]
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]
Executive management
Shmuel Fledel, a former colonel in the Israeli Air Force, was appointed CEO of TAT in May 2008. Shmuel resigned in the beginning of 2012 and Mr Itzik Maaravi was appointed instead of him. Prior to Fledel's appointment, founder Shlomo Ostersetzer, ETH Zurich alumnus (Mechanical Engineering), and Dov Zeelim served as CEOs of the company. The CFO of the company has been since 2009 Mr Yaron Shalem[20][21][22][23]
Acquisitions
| Company | Year | Price | Reference |
|---|---|---|---|
| Limco | 1993 |
|
|
| Piedmont | 2005 | $15 million | Acquired via Limco[25][26] |
| Bental | 2008 |
|
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
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 10.0 10.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
External links
| Healthcare |
|
|---|---|
| Communication & Networks |
|
| Software |
|
| Electronics | |
| Security & defense | |
| Consumer goods | |
| Conglomerates | |
|
*This company is American-based, but is traded on the TASE as a result of a merger with Israeli drug maker Agis.
|
|
