TAT Income Quadruples In Q1 2015

The net income of Israeli OEM and MRO TAT Technologies (TAT) rose to $2m for Q1 2015, more than four times its result of $400,000 for the first quarter of last year.

The net income of Israeli OEM and MRO TAT Technologies (TAT) rose to $2m for Q1 2015, more than four times its result of $400,000 for the first quarter of last year.

Revenues at the Gedera-based company increased 11 per cent year on year to $20.5m, and gross profit increased 13 per cent to $4.1m.

TAT’s offerings include component MRO, and the manufacture and maintenance of heat transfer components and systems for commercial aircraft customers including Boeing and Embraer.

Itsik Maaravi, TAT’s president and CEO, said that the firm would continue to focus on its “core capabilities”, establishing new customers in “relevant regions” and investing in the development of new products.

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