Latest news with #TAT
Yahoo
6 hours ago
- Business
- Yahoo
TAT Technologies Announces Launch of Public Offering of Ordinary Shares and Secondary Offering by Selling Shareholders
NETANYA, Israel, May 28, 2025 /PRNewswire/ -- TAT Technologies Ltd. (Nasdaq: TATT) (TASE: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, announced today that it has commenced an underwritten public offering of ordinary shares. 1,625,000 ordinary shares are being offered by TAT and 2,525,000 ordinary shares are being offered by FIMI Opportunity V, L.P. and FIMI Israel Opportunity Five, Limited Partnership (the "Selling Shareholders"). TAT and the Selling Shareholders intend to grant the underwriters an option to purchase up to an additional 242,298 and 380,202 ordinary shares, respectively, at the public offering price less the underwriting discount and commissions. TAT intends to use the net proceeds that it will receive from the offering for general corporate purposes, including working capital and capital expenditures. TAT will not receive any proceeds from the sale of ordinary shares being offered by the Selling Shareholders. The offering is subject to market and other conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering. Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc. are acting joint book-running managers of this offering. The Benchmark Company, LLC and Lake Street Capital Markets, LLC are acting as passive book-running managers. A registration statement on Form F-3 (File No. 333-286699) relating to the ordinary shares to be sold in the proposed offering has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective on April 25, 2025. The offering will be made only by means of a prospectus. A copy of the preliminary prospectus supplement and the accompanying prospectus relating to this offering may be obtained for free by visiting EDGAR on the SEC's website at Alternatively, a copy of the preliminary prospectus supplement and the accompanying prospectus relating to this offering may be obtained from: Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA 94104, by telephone at (415) 364-2720 or by email at syndprospectus@ or Truist Securities, Inc., Attention: Equity Capital Markets, 3333 Peachtree Road NE, 9th Floor, Atlanta, GA 30326 at (800) 685-4786 or by email to This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About TAT Technologies Ltd. TAT is a leading provider of solutions and services to the aerospace and defense industries. TAT operates four operational units: (i) original equipment manufacturing ("OEM") of heat transfer solutions and aviation accessories through its Kiryat Gat facility (TAT Israel); (ii) maintenance repair and overhaul ("MRO") services for heat transfer components and OEM of heat transfer solutions through its subsidiary, Limco Airepair Inc.; (iii) MRO services for aviation components through its subsidiary, Piedmont Aviation Component Services LLC (mainly Auxiliary Power Units and landing gear); and (iv) overhaul and coating of jet engine components through its subsidiary, Turbochrome Ltd. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding the issuance and sale of the shares by the Company, the sale of the shares by the Selling Shareholders, the grant by the Company and/or the Selling Shareholders to the underwriters of an option to purchase up to an additional 242,298 and 380,202 ordinary shares, respectively, and the Company's intended use of the proceeds from the sale of the shares. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected, including, without limitation, as a result of the war and hostilities between Israel and Hamas, Hezbollah, Iran and the Houthi movement in Yemen. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those more fully described in our filings with the SEC, including our Annual Report on Form 20-F filed with the SEC on March 26, 2025. The forward-looking statements in this press release are based on information available to the Company as of the date hereof, and the Company disclaims any obligation to update any forward-looking statements, except as required by law. Contact: Eran YungerDirector IRTel : +1-980-451-1115Erany@ View original content: SOURCE TAT Technologies Ltd. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
7 hours ago
- USA Today
Hawaii becomes first US state to charge 'Green Fee' on tourists
Hawaii becomes first US state to charge 'Green Fee' on tourists Show Caption Hide Caption Hawaii's Kilauea volcano spews stunning lava fountains Hawaii's Kilauea volcano spewed lava fountains exceeding 1,000 feet, according to the U.S. Geological Survey. Hawaii became the first U.S. state to establish a climate impact fee on Tuesday, placing an additional tax on tourists to fund climate change resiliency projects and environmental stewardship within the islands. As the country's inaugural "Green Fee," Act 96 will raise the state's current transient accommodations tax (TAT) by 0.75% for a total of 11% placed upon the nightly lodging rate, effective Jan. 1, 2026, according to a press release by Governor Josh Green's office. The fee will apply to travelers staying in hotels, short-term vacation rentals and for the first time ever, cruise ships. For a nightly hotel rate of $300, that would be an extra $2.25 each night. "As an island chain, Hawaii cannot wait for the next disaster to hit before taking action," Green said in a statement. "We must build resiliency now, and the Green Fee will provide the necessary financing to ensure resources are available for our future." What is a tourist tax? Many destinations are raising tourist taxes, but are they accomplishing their goal? The new fee is expected to generate $100 million annually. The funded projects are to be confirmed next legislative session but will span environmental stewardship, climate and hazard resiliency, and sustainable tourism. Previously, cruise ship passengers had bypassed the TAT, but the new law seeks to promote "equity across the tourism industry" by ensuring all travelers contribute to protecting the islands' economic and natural resources. The bill came as a response to the growing frequency of natural disasters exacerbated by climate change, specifically the 2023 Maui wildfires, the deadliest wildfire in the country in over a century that decimated the community of Lahaina. In just hours, over 100 people were killed with homes, businesses and cultural sites burnt to ashes. After the fires, the governor formed the Climate Advisory Team (CAT) to develop climate disaster policy recommendations. A key measure from the group was to secure a source of funding for climate change mitigation and disaster relief, according to the release. "The Green Fee bill marks a historic investment in climate disaster resilience and environmental protection," said Chris Benjamin, the leader of CAT, in a statement. "Using the TAT to fund resiliency projects ensures that the financial burden of safeguarding our aina (island) and people doesn't fall upon residents alone. We thank the legislature, industry and countless community groups and individuals who advocated tirelessly for this bill." Tourist taxes are quickly emerging worldwide as more destinations face the impacts of overtourism and climate change. Last year, Greece, Bali and the Galápagos Islands all implemented or raised their fees on travelers to contribute to various programs based on sustainability. Experts say the effectiveness of such a tax is still up in the air and heavily depends on the outcome and goals. In some cases, like in Venice, a small tax hasn't deterred tourists, but in other places, it has successfully funded beneficial projects.
Business Insider
7 days ago
- Business
- Business Insider
TAT Technologies expands MRO partnership with cargo carrier
TAT Technologies (TATT) 'announced the signing of a five-year maintenance, repair, and overhaul – MRO – agreement with one of the world's leading cargo carriers. This agreement is a 5-year extension of an existing contract for APU repairs on the U.S. fleet of 767 and 757 aircraft, now expanded to support the carrier's global fleet. Additionally, under this extension, TAT will provide repair services for two new APU platforms: B737 and A300. The company was also awarded the 777 APU contract for the next 7 years. The parties are expecting to sign the extension for the 777 APU during May- June 2025. The total value of the contracts is estimated to be between $40 million to $55 million over the next five years.' Confident Investing Starts Here:
Yahoo
21-05-2025
- Business
- Yahoo
TAT Technologies Expands MRO Partnership with Leading International Cargo Carrier; APU maintenance for Boeing 737, 757, 767, and Airbus A300 fleets
TAT Technologies Expands MRO Partnership with Leading International Cargo Carrier; 5-Year Contract Valued at $40-55 Million Agreement expands APU maintenance support for Boeing 737, 757, 767, and Airbus A300 fleets and adds support for Boeing 777 fleets NETANYA, Israel, May 21, 2025 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT), (TASE: TAT Tech), a leading provider of innovative products and services for the commercial and defense aviation markets, announced today the signing of a five-year maintenance, repair, and overhaul (MRO) agreement with one of the world's leading cargo carriers. This agreement is a 5-year extension of an existing contract for APU repairs on the U.S. fleet of 767 and 757 aircraft, now expanded to support the carrier's global fleet. Additionally, under this extension, TAT will provide repair services for two new APU platforms: B737 and A300. The company was also awarded the 777 APU contract for the next 7 years. The parties are expecting to sign the extension for the 777 APU during May- June 2025. The total value of the contracts (including the awarded but not yet signed contract) is estimated to be between $40 million to $55 million over the next five years. This significant agreement builds on the strong collaboration between the parties in recent years, culminating in this global fleetwide support contract. It underscores TAT's growing leadership position in the APU MRO market and the company's commitment to delivering superior service solutions to major aviation customers. Igal Zamir, President and Chief Executive Officer of TAT Technologies, stated: "We are honored to have won this contract which deepens our relationship with an important international cargo customer. The expansion of our existing contract and the addition of new services to this partnership serves as a powerful testament to the strength of our brand and our proven capabilities in the APU MRO business, delivered through our Piedmont Components Services subsidiary. This important win is further validation of our Customer First initiative and our Customer Partnership strategy, as well as the successful go-to-market strategy for our new APU capabilities." About TAT Technologies LTD TAT Technologies Ltd. is a leading provider of services and products to the commercial and military aerospace and ground defense industries. TAT operates under four segments: (i) Original equipment manufacturing ("OEM") of heat transfer solutions and aviation accessories through its Gedera facility; (ii) MRO services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary. TAT controlling shareholders is the FIMI Private Equity Fund. TAT's activities in the area of OEM of heat transfer solutions and aviation accessories primarily include the design, development and manufacture of (i) broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft in and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units. TAT's activities in the area of MRO Services for heat transfer components and OEM of heat transfer solutions primarily include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT's Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military. TAT's activities in the area of MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components. TAT's Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military. TAT's activities in the area of overhaul and coating of jet engine components includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps. For more information of TAT Technologies Ltd., please visit our website: Contact:Mr. Eran YungerDirector of IRTel: +1-980-451-1115erany@ Safe Harbor for Forward-Looking Statements This press release contains forward-looking statements, which include, without limitation, statements regarding the expanded MRO partnership, anticipated timing of signing the extension, and the length of the contract extension. These statements are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management's current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations including, but are not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, the price and continuity of supply of component parts used in our operations, the change of control that will occur on the sale by the receiver of the Company's shares held by our previously controlling stockholders, and other risks detailed from time to time in the Company's filings with the Securities Exchange Commission, including, its annual report on form 20-F and its periodic reports on form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement. View original content: SOURCE TAT Technologies Ltd. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malay Mail
12-05-2025
- Entertainment
- Malay Mail
Embracing diversity, Thailand banks on month-long Pride fest in June to boost tourism and economy
BANGKOK, May 13 — Thailand is set to host the Bangkok Pride Festival 2025 from May 30 to June 30 under the campaign 'The Celebration: Right to Love,' with the highly anticipated Pride Parade taking place on June 1. The event is part of a nationwide effort to promote diversity, equality and LGBTQ+ tourism, supported by government agencies, local industries and private sector players, The Bangkok Post reported. 'Thailand is an ideal destination for LGBTQ+ tourism. 'We need to make sure Thailand is truly the ideal destination for LGBTQ+ tourists, and not only in Pride Month,' Thapanee Kiatphaibool, governor of the Tourism Authority of Thailand (TAT) was quoted as saying in a May 6 news conference. The festival is reported to be part of the broader 'Amazing Thailand Love Wins Festival' and will feature events in five major tourist destinations – Bangkok, Chiang Mai, Koh Samui, Phuket, and Pattaya – and 10 more provinces will also organise Pride-related events at the community level. One of the key initiatives is the 'Paint the City with My Pride' campaign, spearheaded by the Creative Industry and Soft Power Institute (Cispi) in partnership with the Creative Economy Agency. 'The passage of the Marriage Equality Bill this year inspired Cispi and the Creative Economy Agency to create the 'Paint the City with My Pride' campaign,' Pimjai Leeissaranukul, who is both Cispi president and vice-president of the Federation of Thai Industries, was quoted as saying. The campaign aims to raise public awareness about gender inclusivity and support the economy, although no specific revenue projections were provided, The Bangkok Post reported. Collaborations with Thailand's top character designers to create Pride-themed illustrations and products inspired by both traditional and pop culture will also be featured during the festival. Surapong Suebwonglee, Deputy Policy Adviser to the Prime Minister and chairman of the National Soft Power Development Committee, said the Thai government views diversity as a cornerstone of the country's future economy. 'The economy based on diversity and equality is a driving force for Thailand, especially now when we need a new economic engine to drive growth,' he was quoted as saying. This year's Pride Festival is expected to attract local and international visitors, strengthening Thailand's reputation as a regional leader in LGBTQ+ rights and tourism.
