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Today, TAT Technologies Ltd. (NASDAQ:TATT), a key player in the aerospace and defense industries, announced the successful passing of all proposed resolutions at its Special General Meeting of Shareholders, held at 5:00 p.m. Israel time. The meeting took place at the offices of Naschitz, Brandes, Amir & Co., Advocates in Tel-Aviv, Israel.
The proposals, detailed in the company’s proxy statement issued on February 11, 2025, and the subsequent amendment on March 10, 2025, received the necessary majority votes for approval, in line with the Israeli Companies Law 5759-1999. Specifics about the proposals can be found in the proxy statement. Investors should note that TAT Technologies maintains strong financial health, with liquid assets exceeding short-term obligations and a current ratio of 3.04. InvestingPro analysis reveals 12 additional key insights about the company’s financial position.
TAT Technologies operates in several sectors, including Original Equipment Manufacturing (OEM) of heat transfer solutions and aviation accessories, Maintenance, Repair, and Overhaul (MRO) services for heat transfer components, MRO services for various aviation components, and the overhaul and coating of jet engine components. The company’s controlling shareholder is FIMI Private Equity Fund. With revenue growth of 36% in the last twelve months and expected continued growth this year, TAT has demonstrated strong operational execution. The company is scheduled to report its next earnings on March 26, 2025.
The company’s OEM activities focus on creating heat transfer solutions such as pre-coolers, heat exchangers, and oil/fuel hydraulic heat exchangers for commercial, military, and business aircraft. They also produce environmental control and power electronics cooling systems for aircraft and ground applications. Additionally, TAT Technologies manufactures mechanical aircraft accessories and systems, including pumps, valves, and turbine power units.
In the MRO sector, TAT Technologies, through its Limco subsidiary, provides FAA-certified heat transfer component services for airlines, air cargo carriers, maintenance service centers, and the military. Furthermore, its Piedmont subsidiary delivers FAA-certified MRO services for APUs, landing gears, and other aircraft components.
Lastly, TAT’s Turbochrome subsidiary specializes in the overhaul and coating of jet engine components such as turbine vanes and blades, fan blades, variable inlet guide vanes, and afterburner flaps.
For more information, interested parties can visit the TAT Technologies website. Today’s news is based on a press release statement.
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