Recent Updates — TATT
TAT Technologies Ltd. filed a Form 6-K furnishing an investor presentation dated August 5, 2026, detailing its second quarter of 2026 financial results. The company reported Q2 revenue of $52.9 million, up 22.8% year-over-year from $43.1 million, and net income of $8.1 million, a 134.5% increase from $3.4 million in the prior year period. Adjusted EBITDA rose to $7.4 million from $6.1 million, maintaining a margin of 14.0%. The presentation highlighted a backlog and long-term agreements value of $615 million as of Q2 2026. TAT Technologies operates in the aerospace industry, providing maintenance, repair, overhaul (MRO), and original equipment manufacturer (OEM) services for aircraft components including thermal solutions, auxiliary power units, and landing gear.
TAT Technologies Ltd filed its unaudited condensed consolidated financial statements for the six months ended June 30, 2026. Total revenues increased 10.4% to $94.1 million from $85.2 million in the prior year period, driven by a 16.4% rise in MRO services for aviation components and an 11.1% increase in OEM heat transfer solutions. Net income rose 58.1% to $11.5 million, or $0.87 diluted EPS, compared to $7.3 million previously. The results included a one-time gain of $4.3 million from the sale of its non-controlling interest in First Aviation Services Inc. On June 4, 2026, the company entered into a new $75.0 million senior secured revolving credit facility to refinance existing debt and support working capital needs. TAT Technologies Ltd operates in the aerospace industry, providing heat transfer solutions, aviation components, and maintenance, repair, and overhaul services.
TAT Technologies reported second quarter 2026 revenue of $52.9 million, a 22.8% increase from the prior year period, driven by strong demand and easing supply chain constraints. Net income rose to $8.1 million, or diluted EPS of $0.61, compared to $3.4 million in Q2 2025; this included a one-time $4.3 million non-operating gain from the sale of a minority interest in an unconsolidated entity. Excluding this benefit, adjusted net income was $4.66 million. The company's backlog and long-term agreements reached a record $615 million as of June 30, 2026. TAT Technologies is a leading supplier of products and services for the commercial and military aerospace and ground defense industries.
TAT Technologies Ltd. issued a notice for its Annual General Meeting of Shareholders scheduled for September 8, 2026. The agenda includes the re-election of five directors, the election of two new non-executive directors, David M. Brantner and Sagit Amit Evan, and the approval of a new compensation policy for directors and officers. Shareholders will also vote on amendments to non-executive director compensation, an increase in the base salary and equity awards for Executive Chairman Amos Malka, and an increase in CEO Igal Zamir's base salary to $500,000 with an annual equity grant value of $1.4 million. Additionally, the meeting will address the reallocation of 375,000 awards between the company's 2012 and 2022 Incentive Plans. TAT Technologies is an aerospace and defense company.
TAT Technologies expanded its strategic partnership with Honeywell Aerospace, becoming the sole global authorized distributor of spare parts for the GTCP 331-200/250 auxiliary power unit (APU) platform, excluding Africa until 2030 and direct distribution to non-aftermarket OEMs. The agreement extends TAT's MRO licenses for this platform until 2036 and includes the acquisition of three Honeywell Aerospace 131-9A APUs to bolster its trading and leasing business. This expansion integrates parts distribution with existing MRO services to provide a single-source solution for aircraft operators and lessors. TAT Technologies provides MRO services and products to the commercial and military aerospace and ground defense industries.