Type Public Headquarters Gedera, Israel Founded 1969 | Industry Diversified technology Founder Shlomo Ostersetzer | |
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Traded as NASDAQ: TATT
TASE: TATTF Key people Itsik Maaravi (CEO and Pres.) Products Heat exchangers
Cold plates
Cooling systems
Flow control valves Revenue US$ 79.76 million (2010) Stock price TATT (NASDAQ) US$ 10.15 +0.15 (+1.50%)4 Apr, 4:00 PM GMT-4 - Disclaimer Subsidiaries Limco -Piedmont Inc., Turbochrome Ltd., TAT-Engineering LLC | ||
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. TAT's clients have included the United States Army, Boeing, Lockheed Martin, Cirrus Aircraft, and Embraer. The company's competitors include AMETEK, Honeywell International and Hamilton Sundstrand.
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. 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.
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