SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2006
TAT TECHNOLOGIES LTD.
(Name of Registrant)
P.O.BOX 80, Gedera 70750 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-_________
TAT Technologies Ltd.
6-K Items
1. Press Release re TAT Technologies Reports Third Quarter 2006 Results
dated November 29, 2006.
ITEM 1
Press Release Source: TAT Technologies Ltd
TAT Technologies Reports Third Quarter 2006 Results
Wednesday November 29, 8:16 am ET
Net Profit Increased by 94.8% Compared to Third Quarter 2005
GEDERA, Israel, November 29 /PRNewswire-FirstCall/ -- TAT Technologies Limited
(NASDAQ: TATTF; ISRQ: TATTF), reported today a net profit of $1,675,300 on sales
of $18,976,730 in the third quarter ended September 30, 2006 compared to a net
profit of $859,919 on sales of $14,403,370 for the same period of 2005.
For the first nine months the company reported a net profit of $4,411,264 on
sale of $53,773,889 compared to a net profit of $2,546,532 on sale of
$31,753,490 for the same period of 2005.
Sales for the third quarter increased by 30.5% and net profit increased by 94.8%
compared to the same quarter last year. These improvements have been mainly
generated by TAT's subsidiaries.
On October 2006, the company signed a letter of intent with Stork N.V. and its
aerospace subsidiary Fokker Services B.V. to sale 51% of Piedmont Aviation
Components Services, LLC and 49% of Limco Airepair Inc. (the company
subsidiaries) for $38,375,000. The closing is expected to be in January 2007.
TAT, together with its subsidiaries, is principally engaged in the manufacture,
repair and overhaul of heat transfer equipment, such as heat exchangers,
precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems,
electronic equipment and other applications. In addition the company
manufactures and overhauls aircraft accessories and systems such as APU's,
Landing Gears, Propellers, pumps, valves, Power Systems, Turbines, etc.
TAT TECHNOLOGIES LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in Thousands U.S $, Unaudited)
Nine Months Ended Three Months Ended
September 30 September 30
2006 2005 2006 2005
($) ($) ($) ($)
Revenues 53,774 31,753 18,977 14,403
Gross Profit 14,539 9,618 5,201 3,842
Income from Operations 6,731 4,126 2,556 1,354
before Income Taxes
Income Tax 2,320 1,579 881 494
Net Income 4,411 2,547 1,675 860
Basic and Diluted Earnings
Per Share $ 0.73 $ 0.42 $ 0.28 $ 0.14
Weighed Average Basic and
Diluted Shares
Outstanding 6,042,671 6,042,671 6,042,671 6,042,671
AT THE COMPANY
Mr. Israel Ofen
Executive Vice-President and Chief Financial Officer
+972-8-859-5411
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TAT TECHNOLOGIES LTD.
---------------------
(Registrant)
By: /s/Israel Ofen
--------------
Israel Ofen
Executive Vice President and
Chief Financial Officer
Date: November 29, 2006