TAT Technologies
Encyclopedia
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
.
s 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
.
and as a substitute for the French aviation industry which Israel had previously been reliant upon. 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.
, was appointed CEO of TAT in May 2008. Prior to Fledel's appointment, founder Shlomo Ostersetzer, ETH Zurich
alumnus (Mechanical Engineering
), and Dov Zeelim served as CEOs of the company.
Gedera
-External links:** *...
, Israel
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
, that provides environmental control products and services for the commercial and military aviation industries. Its shares are traded on the NASDAQ Capital Market
NASDAQ Capital Market
Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005.The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies that do not qualify for inclusion in the Nasdaq National Market....
and on the Tel Aviv Stock Exchange
Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange in Tel Aviv is Israel's only stock exchange.The TASE is the only public market for trading securities in Israel. It plays a major role in the Israeli economy....
.
Operations
TAT Technologies is a manufacturer of environmental control systemEnvironmental Control System
The environmental control system of an aircraft provides air supply, thermal control and cabin pressurization for the crew and passengers...
s for the commercial
Commercial aviation
Commercial aviation is the part of civil aviation that involves operating aircraft for hire to transport passengers or cargo...
and military
Military aviation
Military aviation is the use of aircraft and other flying machines for the purposes of conducting or enabling warfare, including national airlift capacity to provide logistical supply to forces stationed in a theater or along a front. Air power includes the national means of conducting such...
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
Air conditioning
An air conditioner is a home appliance, system, or mechanism designed to dehumidify and extract heat from an area. The cooling is done using a simple refrigeration cycle...
for use in military installations and in armored vehicles. TAT's clients have included the United States Army
United States Army
The United States Army is the main branch of the United States Armed Forces responsible for land-based military operations. It is the largest and oldest established branch of the U.S. military, and is one of seven U.S. uniformed services...
, Boeing
Boeing
The Boeing Company is an American multinational aerospace and defense corporation, founded in 1916 by William E. Boeing in Seattle, Washington. Boeing has expanded over the years, merging with McDonnell Douglas in 1997. Boeing Corporate headquarters has been in Chicago, Illinois since 2001...
, Lockheed Martin
Lockheed Martin
Lockheed Martin is an American global aerospace, defense, security, and advanced technology company with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in Bethesda, Maryland, in the Washington Metropolitan Area....
, Cirrus Aircraft, and Embraer
Embraer
Embraer S.A. is a Brazilian aerospace conglomerate that produces commercial, military, and executive aircraft and provides aeronautical services....
. The company's competitors include AMETEK
AMETEK
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 80 manufacturing sites worldwide....
, Honeywell International and Hamilton Sundstrand
Hamilton Sundstrand
Hamilton Sundstrand, is a global corporation that manufactures and supports aerospace and industrial products for worldwide markets. It was formed from the merger of Hamilton Standard and Sundstrand Corporation in 1999. A subsidiary of United Technologies Corporation, HS is headquartered in Windsor...
.
Subsidiaries
- Bental Industries Ltd. – manufacturer of high-performance actuators and auxiliary power unitAuxiliary power unitAn auxiliary power unit is a device on a vehicle that provides energy for functions other than propulsion. They are commonly found on large aircraft, as well as some large land vehicles.-Function:...
s (APUs). Established in 1983, Bental has developed engines for the MerkavaMerkavaThe Merkava is a main battle tank used by the Israel Defense Forces. The tank began development in 1974 and was first introduced in 1978. Four main versions of the tank have been deployed. It was first used extensively in the 1982 Lebanon War...
tank and for unmanned aerial vehicleUnmanned aerial vehicleAn unmanned aerial vehicle , also known as a unmanned aircraft system , remotely piloted aircraft or unmanned aircraft, is a machine which functions either by the remote control of a navigator or pilot or autonomously, that is, as a self-directing entity...
s. - Limco Airepair Inc. – manufacturer of heat transferHeat transferHeat transfer is a discipline of thermal engineering that concerns the exchange of thermal energy from one physical system to another. Heat transfer is classified into various mechanisms, such as heat conduction, convection, thermal radiation, and phase-change transfer...
equipment. - Piedmont Aviation Component Services LLC – provider of component maintenance and aircraft overhaulAircraft maintenanceAircraft maintenance is the overhaul, repair, inspection or modification of an aircraft or aircraft component.Maintenance includes the installation or removal of a component from an aircraft or aircraft subassembly, but does not include:...
. Headquartered in Kernersville, North CarolinaKernersville, North CarolinaKernersville is a town in Forsyth County in the U.S. state of North Carolina. The population was 17,126 at the 2000 census. In 2007 the U.S. Census estimated the town's population at 22,309. Kernersville is located at the heart of the Piedmont Triad metropolitan area, which consists of the cities...
, the company's roots date back to the 1940s.
History
Shlomo Ostersetzer founded TAT Technologies in 1969 in response to France's arms embargo of Israel after the 1967 Six-Day WarSix-Day War
The Six-Day War , also known as the June War, 1967 Arab-Israeli War, or Third Arab-Israeli War, was fought between June 5 and 10, 1967, by Israel and the neighboring states of Egypt , Jordan, and Syria...
and as a substitute for the French aviation industry which Israel had previously been reliant upon. 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 ForceIsraeli Air Force
The Israeli Air Force is the air force of the State of Israel and the aerial arm of the Israel Defense Forces. It was founded on May 28, 1948, shortly after the Israeli Declaration of Independence...
, was appointed CEO of TAT in May 2008. Prior to Fledel's appointment, founder Shlomo Ostersetzer, ETH Zurich
ETH Zurich
The Swiss Federal Institute of Technology Zurich or ETH Zürich is an engineering, science, technology, mathematics and management university in the City of Zurich, Switzerland....
alumnus (Mechanical Engineering
Mechanical engineering
Mechanical engineering is a discipline of engineering that applies the principles of physics and materials science for analysis, design, manufacturing, and maintenance of mechanical systems. It is the branch of engineering that involves the production and usage of heat and mechanical power for the...
), and Dov Zeelim served as CEOs of the company.
Acquisitions
| Company | Year | Price | Reference |
|---|---|---|---|
| Limco | 1993 | |
|
| Piedmont | 2005 | $15 million | Acquired via Limco |
| Bental | 2008 | ||
See also
- Thermal management of electronic devices and systemsThermal management of electronic devices and systemsHeat generated by electronic devices and circuitry must be dissipated to improve reliability and prevent premature failure. Techniques for heat dissipation can include heatsinks and fans for air cooling, and other forms of computer cooling such as liquid cooling....
- Six-Day WarSix-Day WarThe Six-Day War , also known as the June War, 1967 Arab-Israeli War, or Third Arab-Israeli War, was fought between June 5 and 10, 1967, by Israel and the neighboring states of Egypt , Jordan, and Syria...
- France–Israel relationsFrance–Israel relationsFrance–Israel relations refers to the bilateral foreign relations between France and Israel. France has an embassy in Tel Aviv and a consulate-general in Jerusalem...
- Lockheed Martin F-35 Lightning II
- List of Israeli companies quoted on the Nasdaq