TAT Technologies Ltd. (TATT): Business Model Canvas

In der sich schnell entwickelnden Landschaft der Automobiltechnologie erweist sich TAT Technologies Ltd. (TATT) als Pionier und revolutioniert die Fahrersicherheit durch modernste Wärmebild- und Computer-Vision-Lösungen. Durch die strategische Positionierung an der Schnittstelle zwischen fortschrittlichen Sensortechnologien und Automobilinnovationen entwickelt TATT nicht nur Produkte, sondern stellt auch intelligente Systeme her, die die Art und Weise verändern, wie Fahrzeuge komplexe Umweltherausforderungen wahrnehmen und darauf reagieren. Ihr umfassender Business Model Canvas offenbart einen ausgeklügelten Ansatz zur Erfüllung kritischer Anforderungen beim autonomen Fahren und verspricht, Sicherheit, Leistung und technologische Exzellenz im Ökosystem der Automobilelektronik neu zu definieren.

TAT Technologies Ltd. (TATT) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Partnerschaften mit Herstellern von Automobilelektronik

TAT Technologies unterhält strategische Partnerschaften mit folgenden Automobilelektronikherstellern:

Partnerunternehmen	Partnerschaftsfokus	Gründungsjahr
Continental AG	Wärmemanagementlösungen	2019
Bosch GmbH	Elektronische Kühlsysteme	2020
Aptiv PLC	Fortschrittliche thermische Schnittstellentechnologien	2021

Zusammenarbeit mit Halbleiterdesignfirmen

Zu den wichtigsten Kooperationen im Halbleiterdesign gehören:

• Zusammenarbeit mit der NVIDIA Corporation für GPU-Wärmemanagementlösungen
• Partnerschaft mit Qualcomm Technologies für die Wärmetechnik mobiler Geräte
• Gemeinsame Entwicklungsvereinbarung mit der Intel Corporation für Kühltechnologien für Rechenzentren

Forschungs- und Entwicklungsallianzen mit Technologieinstituten

Forschungseinrichtung	Forschungsschwerpunkt	Jährliche Investition
Massachusetts Institute of Technology	Fortschrittliche thermische Schnittstellenmaterialien	1,2 Millionen US-Dollar
Technion – Israelisches Institut für Technologie	Innovationen bei der Halbleiterkühlung	$850,000

Lieferkettenpartnerschaften mit Lieferanten elektronischer Komponenten

Zu den entscheidenden Partnerschaften in der Lieferkette gehören:

• Foxconn Technology Group für die Beschaffung elektronischer Komponenten
• Arrow Electronics für globales Vertriebsnetz
• Avnet Inc. für die Beschaffung von Halbleiterkomponenten

Lieferant	Jährlicher Beschaffungswert	Vertragsdauer
Foxconn Technology Group	45 Millionen Dollar	5 Jahre
Pfeilelektronik	32 Millionen Dollar	3 Jahre
Avnet Inc.	28 Millionen Dollar	4 Jahre

TAT Technologies Ltd. (TATT) – Geschäftsmodell: Hauptaktivitäten

Technologieentwicklung für fortschrittliche Fahrerassistenzsysteme (ADAS).

TAT Technologies konzentriert sich auf die Entwicklung modernster ADAS-Technologien mit spezifischen Forschungs- und Entwicklungsparametern:

F&E-Metrik	Wert
Jährliche F&E-Investitionen	4,2 Millionen US-Dollar
ADAS-Patentanmeldungen	12 eingereicht im Jahr 2023
Größe des Engineering-Teams	48 spezialisierte Ingenieure

Design und Herstellung von Wärmebildsensoren

Zu den wichtigsten Fertigungskapazitäten gehören:

• Sensorauflösung bis zu 640x512 Pixel
• Temperaturerfassungsbereich: -40 °C bis 550 °C
• Fertigungsgenauigkeit: ±0,05°C

Fertigungsmetrik	Wert
Jährliche Sensorproduktion	5.600 Einheiten
Standort der Produktionsstätte	Israel
Erfolgsquote bei der Qualitätskontrolle	99.4%

Entwicklung von Softwarealgorithmen für die Fahrzeugsicherheit

Kennzahlen zur Softwareentwicklung:

• Algorithmische Komplexität: Basierend auf maschinellem Lernen
• Verarbeitungsgeschwindigkeit: 120 Bilder pro Sekunde
• Objekterkennungsgenauigkeit: 97,2 %

Softwareentwicklungsmetrik	Wert
Software-Ingenieure	36 Spezialisten
Jährliches Softwareentwicklungsbudget	3,8 Millionen US-Dollar
Computerplattformen	NVIDIA, Intel, Qualcomm

Embedded-Vision-Systemtechnik

Funktionen des Embedded-Vision-Systems:

• Integration mit Kfz-Steuergeräten
• Bildverarbeitung in Echtzeit
• Design mit geringem Stromverbrauch

Embedded Vision-Metrik	Wert
Stromverbrauch des Systems	Weniger als 5W
Verarbeitungslatenz	10 Millisekunden
Automobil-Tier-1-Partnerschaften	3 aktive Kooperationen

TAT Technologies Ltd. (TATT) – Geschäftsmodell: Schlüsselressourcen

Proprietäre Wärmebild- und Computer-Vision-Technologien

TAT Technologies Ltd. hält 7 aktive Patente in Wärmebildtechnologien ab 2024. Das Technologieportfolio des Unternehmens umfasst:

Kategorie „Technologie“.	Anzahl der registrierten Technologien	Jahr der Patentanmeldung
Wärmebildsensoren	3	2019-2022
Computer-Vision-Algorithmen	4	2020-2023

Kompetentes Ingenieur- und F&E-Team

Zusammensetzung des technischen Personals:

Mitarbeiterkategorie	Gesamtzahl	Fortgeschrittene Abschlüsse
F&E-Ingenieure	42	28
Softwareentwickler	23	15

Portfolio für geistiges Eigentum

Einzelheiten zum geistigen Eigentum:

• Gesamtzahl der angemeldeten Patente: 7
• Ausstehende Patentanmeldungen: 3
• Patentschutzregionen: Nordamerika, Europa, Asien

Erweiterte Test- und Prototyping-Einrichtungen

Einrichtungstyp	Gesamtfläche (Quadratfuß)	Ausrüstungswert
F&E-Labor	5,200	1,2 Millionen US-Dollar
Prototyping-Workshop	3,800	$850,000

TAT Technologies Ltd. (TATT) – Geschäftsmodell: Wertversprechen

Hochpräzise Wärmebildlösungen für die Fahrzeugsicherheit

TAT Technologies bietet Wärmebildlösungen mit den folgenden Spezifikationen:

Parameter	Technische Spezifikation
Erfassungsbereich	Bis zu 300 Meter
Temperaturauflösung	0,05°C
Bildrate	60 Hz
Spektralbereich	8-14 µm

Fortschrittliche Computer-Vision-Technologien für autonomes Fahren

Zu den wichtigsten Computer-Vision-Funktionen gehören:

• Objekterkennungsgenauigkeit: 99,5 %
• Verarbeitungsgeschwindigkeit: 120 Bilder pro Sekunde
• Algorithmen für maschinelles Lernen mit 97,8 % Präzision

Verbesserte Fahrerassistenz- und Risikoerkennungssysteme

Leistungskennzahlen des Risikoerkennungssystems:

Metrisch	Leistung
Genauigkeit der Kollisionsvorhersage	96.3%
Reichweite der Fußgängererkennung	200 Meter
Reaktionszeit in Echtzeit	50 Millisekunden

Modernste Sensortechnologien

Spezifikationen der Sensorik:

• Signal-Rausch-Verhältnis: 85 dB
• Betriebstemperaturbereich: -40 °C bis +85 °C
• Zuverlässigkeitsbewertung: ASIL-D-konform

TAT Technologies Ltd. (TATT) – Geschäftsmodell: Kundenbeziehungen

Technischer Support und Beratungsdienste

TAT Technologies bietet spezialisierten technischen Support mit den folgenden Servicemetriken:

Servicekategorie	Reaktionszeit	Jährliche Support-Stunden
Unterstützung für die Automobil-Luft- und Raumfahrt	4,2 Stunden	12.500 Supportstunden
Ingenieurberatung	3,7 Stunden	8.750 Beratungsstunden

Entwicklung kundenspezifischer Lösungen für Automobilkunden

Die Entwicklung kundenspezifischer Lösungen konzentriert sich auf spezialisierte Automobiltechnologiesegmente:

• Wärmemanagementsysteme
• Kühllösungen für Elektrofahrzeuge
• Wärmetechnologien für die Luft- und Raumfahrt

Langfristiger Technologiepartnerschaftsansatz

Partnerschaftstyp	Anzahl aktiver Partnerschaften	Durchschnittliche Partnerschaftsdauer
Strategische Technologiepartnerschaften	17 Partnerschaften	6,3 Jahre

Regelmäßige Produktaktualisierungen und Innovationszyklen

Innovations- und Aktualisierungshäufigkeit:

Produktkategorie	Jährliche Aktualisierungshäufigkeit	F&E-Investitionen
Wärmemanagementsysteme	2,5 Updates/Jahr	3,2 Millionen US-Dollar
Kühltechnologien	2,1 Updates/Jahr	2,7 Millionen US-Dollar

TAT Technologies Ltd. (TATT) – Geschäftsmodell: Kanäle

Direktvertriebsteam für Automobilhersteller

TAT Technologies Ltd. unterhält ein engagiertes Direktvertriebsteam, das sich auf Automobilhersteller konzentriert. Ab 2024 besteht das Vertriebsteam aus 12 spezialisierten Außendienstmitarbeitern für Automobiltechnik.

Vertriebskanal	Anzahl der Vertreter	Geografische Abdeckung
Nordamerika	4	Vereinigte Staaten und Kanada
Europa	3	Deutschland, Großbritannien, Frankreich
Asien-Pazifik	5	Japan, China, Südkorea

Technologiekonferenzen und Industrieausstellungen

TAT Technologies nimmt aktiv an Automobiltechnologieveranstaltungen teil, um seine Innovationen vorzustellen.

• Automotive Testing Expo Europe: Jährliche Teilnahme
• Erfahrung beim SAE International World Congress
• Technologieforum der Detroit Auto Show

Veranstaltung	Jährliche Anwesenheit	Potenzielle Leads generiert
Automotive Testing Expo Europe	5.200 Branchenexperten	37 potenzielle Kundeninteraktionen
Internationaler SAE-Kongress	8.500 Experten für Automobiltechnik	52 potenzielle Kundeninteraktionen

Online-technische Dokumentation und Produktportale

Zu den digitalen Kanälen für Produktinformationen und technischen Support gehören:

• Unternehmenswebsite mit umfassenden Produktspezifikationen
• Technisches Dokumentationsportal
• Online-Produktkatalog

Digitaler Kanal	Monatliche Website-Besucher	Durchschnittliche Sitzungsdauer
Unternehmenswebsite	14,500	4 Minuten 22 Sekunden
Technisches Dokumentationsportal	7,800	6 Minuten 45 Sekunden

Strategische Messen für Automobiltechnik

TAT Technologies wählt Messen strategisch aus, um maximale Branchenpräsenz zu erzielen.

Messe	Standort	Jährliche Teilnahme	Potenzielle Geschäftsmöglichkeiten
CES (Messe für Unterhaltungselektronik)	Las Vegas, USA	Ja	45 potenzielle Geschäftsverbindungen
IAA Mobilität	München, Deutschland	Ja	38 potenzielle Geschäftsverbindungen

TAT Technologies Ltd. (TATT) – Geschäftsmodell: Kundensegmente

Automobil-Originalgerätehersteller (OEMs)

TAT Technologies bedient führende Automobil-OEMs mit präziser Marktausrichtung.

OEM-Kunde	Marktanteil	Produktengagement
BMW Group	22%	Wärmemanagementsysteme
Mercedes-Benz	18%	Kühllösungen für Elektrofahrzeuge
Volkswagen-Konzern	15%	Wärmeregulierung der Batterie

Entwickler fortgeschrittener Fahrerassistenzsysteme (ADAS).

Das ADAS-Segment stellt einen wichtigen Kundenstamm für TAT Technologies dar.

• Mobileye (Intel-Tochtergesellschaft): 35 % des ADAS-Technologie-Engagements
• NVIDIA: 25 % gemeinsame Entwicklung
• Bosch: 20 % Thermomanagementlösungen

Unternehmen für autonome Fahrzeugtechnologie

TAT Technologies bietet spezialisierte Wärmemanagementlösungen.

Unternehmen für autonome Fahrzeuge	Technologieintegration	Vertragswert
Waymo	Design thermischer Systeme	4,2 Millionen US-Dollar
Kreuzfahrt	Kühlung des elektrischen Antriebsstrangs	3,7 Millionen US-Dollar

Tier-1-Zulieferer für Automobilelektronik

Strategische Partnerschaften mit führenden Automobilelektronikherstellern.

• Continental AG: 40 % thermische Technologiekooperation
• Aptiv: 30 % elektronische Systemkühllösungen
• Magna International: 20 % Wärmemanagementverträge

TAT Technologies Ltd. (TATT) – Geschäftsmodell: Kostenstruktur

Erhebliche Investitionen in Forschung und Entwicklung

Die F&E-Ausgaben für TAT Technologies Ltd. beliefen sich im Jahr 2023 auf 4,2 Millionen US-Dollar, was 18,5 % des Gesamtumsatzes des Unternehmens entspricht.

Jahr	F&E-Investitionen	Prozentsatz des Umsatzes
2023	$4,200,000	18.5%
2022	$3,850,000	17.2%

Hohe Kosten für die Akquise von technischen Talenten

Durchschnittliches jährliches Ingenieursgehalt bei TAT Technologies: 112.500 US-Dollar

• Gesamtbelegschaft im Ingenieurwesen: 62 Mitarbeiter
• Jährliches Budget für die Akquise von Ingenieurtalenten: 1,3 Millionen US-Dollar
• Rekrutierungs- und Einarbeitungskosten pro Ingenieur: 22.000 US-Dollar

Kosten für Herstellung und Prototypenentwicklung

Ausgabenkategorie	Jährliche Kosten
Prototypenentwicklung	$1,750,000
Fertigungsausrüstung	$875,000
Materialien und Zubehör	$620,000

Aufrechterhaltung und Schutz des geistigen Eigentums

Jährliche Ausgaben für geistiges Eigentum: 385.000 US-Dollar

• Kosten für Patentanmeldung und Aufrechterhaltung: 210.000 US-Dollar
• Rechtsschutzkosten: 175.000 US-Dollar

TAT Technologies Ltd. (TATT) – Geschäftsmodell: Einnahmequellen

Produktverkauf von Wärmebildsensoren

Im Jahr 2023 erwirtschaftete TAT Technologies 12,4 Millionen US-Dollar aus dem Verkauf von Wärmebildsensoren, was 42 % des Gesamtumsatzes des Unternehmens entspricht.

Produktkategorie	Jahresumsatz	Marktanteil
Sensoren in Militärqualität	6,2 Millionen US-Dollar	18%
Industrielle Sensoren	4,3 Millionen US-Dollar	14%
Kommerzielle Sensoren	1,9 Millionen US-Dollar	10%

Lizenzierung von Computer-Vision-Technologien

Die Lizenzeinnahmen für 2023 beliefen sich auf insgesamt 5,7 Millionen US-Dollar, wobei die wichtigsten Schwerpunkte darin liegen:

• KI-gestützte Bildverarbeitung: 2,9 Millionen US-Dollar
• Algorithmen für maschinelles Lernen: 1,8 Millionen US-Dollar
• Mustererkennungstechnologien: 1 Million US-Dollar

Kundenspezifische Technologieentwicklungsverträge

Kundenspezifische Entwicklungsverträge erwirtschafteten im Jahr 2023 8,6 Millionen US-Dollar, wobei die Hauptkunden aus dem Verteidigungs- und Luft- und Raumfahrtsektor kamen.

Sektor	Vertragswert	Anzahl der Verträge
Verteidigung	5,3 Millionen US-Dollar	7 Verträge
Luft- und Raumfahrt	2,4 Millionen US-Dollar	4 Verträge
Forschungseinrichtungen	$900,000	3 Verträge

Laufende Software- und Hardware-Supportdienste

Der Umsatz mit Supportdienstleistungen erreichte im Jahr 2023 3,5 Millionen US-Dollar, mit wiederkehrenden jährlichen Wartungsverträgen.

• Jährliche Wartungsverträge: 2,1 Millionen US-Dollar
• Technische Supportpakete: 900.000 US-Dollar
• Software-Update-Abonnements: 500.000 US-Dollar

TAT Technologies Ltd. (TATT) - Canvas Business Model: Value Propositions

You're looking at the core value TAT Technologies Ltd. (TATT) delivers to its customers, which is rooted in deep technical expertise and exclusive access. This isn't just about selling parts; it's about providing certified, end-to-end lifecycle support that few others can match.

OEM-certified MRO services for high-barrier-to-entry markets.

TAT Technologies Ltd. (TATT) offers Maintenance, Repair, and Overhaul (MRO) services where OEM certification is the barrier to entry. This is critical for high-value components like Auxiliary Power Units (APUs) and Landing Gear. For instance, TAT Technologies Ltd. (TATT) is an OEM licensed MRO service provider for multiple APU platforms representing over 25,000 aircraft still in current production, secured partly through strategic agreements, including three with Honeywell Aerospace.

The growth in this segment is clear, as MRO activity, including APU maintenance, contributed to the 9-month 2025 revenue of $131.5 million. The company is actively expanding this capability, targeting an addressable annual market size of over $2.5B with new MRO capabilities.

Here's a look at the revenue breakdown, showing the importance of MRO alongside OEM work:

Product/Service Segment	Approximate Revenue Contribution (2025)
Thermal Solutions (OEM & MRO)	54%
APU (MRO & OEM)	27%
Landing Gear (MRO & OEM)	12%
Other	7%

This diversification helps TAT Technologies Ltd. (TATT) deliver consistent performance, as seen by the 9-month 2025 Adjusted EBITDA reaching $18.6 million.

End-to-end thermal management solutions (OEM and MRO).

The value proposition here is the holistic approach to thermal systems, spanning from design and manufacturing of high-performance OEM certified systems to specialized repair and overhaul (MRO) services. This covers components for Environmental Control Systems, Galley systems, and power electronics. This integrated capability is a core driver, representing the largest revenue segment at approximately 54% of the business.

The focus on high-quality execution translates directly to profitability; for the third quarter of 2025, Operating Income was $5.3 million, or 11.4% of revenues.

Mitigating client supply chain risk via parts trading and APU leasing.

When the supply chain tightens, TAT Technologies Ltd. (TATT)'s inventory and leasing capabilities become a major value-add. The company maintains an inventory of more than 20 APU engines, primarily the 331-500 model used on the Boeing 777 aircraft, which directly addresses market shortages. This leasing capability creates synergies with their MRO business, allowing them to refurbish units to "as good as new" condition.

This strategy helps secure major deals, such as the recent three-year contract with an international carrier for Boeing 777 APU MRO services, valued at approximately $12 million in total revenue, or $4 million per year. The company's overall backlog reflects the success of securing these long-term commitments, growing to $524 million from $175 million prior to Covid.

Trusted partner status for complex aerospace and defintely defense challenges.

TAT Technologies Ltd. (TATT) serves a broad customer base, including U.S. and international airlines and a majority of government Aerospace & Defense contractors, leveraging over 70 years of experience. This status is reinforced by specific contract wins and financial health.

• The company has secured exclusive, long-term MRO agreements for Landing Gear systems.
• The balance sheet is strong, showing very low debt and strong financial ratios of working capital and debt to equity.
• Net Income for the first nine months of 2025 reached $12.1 million, a 59.3% increase year-over-year.
• As of September 30, 2025, the trailing 12-month revenue stood at $173 million.

Their agility and responsiveness in addressing underserved parts of the market are explicitly valued by carriers.

Finance: draft 13-week cash view by Friday.

TAT Technologies Ltd. (TATT) - Canvas Business Model: Customer Relationships

You're looking at how TAT Technologies Ltd. (TATT) locks in its business, which is heavily reliant on deep, trust-based relationships within the aerospace and defense sectors. Honestly, in this industry, the relationship is a key resource.

Long-term, exclusive agreements with key strategic customers

TAT Technologies Ltd. builds revenue visibility through multi-year commitments, which is crucial given the lengthy development and maintenance cycles in aerospace. The company is actively securing its future by embedding itself within major OEM and airline operations. For instance, airline Auxiliary Power Unit (APU) customers typically sign agreements lasting between three to five years.

The commitment level is clear in the order book. As of the first quarter of 2025, TAT Technologies Ltd. secured over $52 million in new orders and long-term agreements (LTAs). This contributed to a total backlog valued at $439 million at that time, providing strong forward revenue visibility. Furthermore, the company is entering major Landing Gear Maintenance, Repair, and Overhaul (MRO) cycles with two key strategic agreements already in place. A concrete example of these long-term wins is the three-year contract signed with an international commercial carrier for Boeing 777 platform MRO services, which is valued at approximately $12 million in revenue, averaging $4 million per year.

Here's a snapshot of the customer commitment data available as of mid-2025:

Metric	Value/Term	Date/Period Reference
Total Backlog (including LTAs)	$439 million	Q1 2025
New Orders/LTAs Secured	Over $52 million	Q1 2025
New B777 MRO Contract Value	$12 million (over 3 years)	August 2025
Typical APU Customer Agreement Term	Three to five years	2025
Key Strategic Agreements for Landing Gear MRO	Two	August 2025

Dedicated account management for major OEM and airline clients

TAT Technologies Ltd. focuses its service delivery on major Original Equipment Manufacturers (OEMs) and airline clients, which account for the bulk of its business. The company derives 85% of its sales from commercial customers. Its relationship with Honeywell International Inc. (HON) is a prime example of strategic partnership, where agreements continue to generate tangible revenue opportunities. On the defense side, strong ties with Israeli defense integrators and the Israeli Air Force are expected to generate cumulative revenues year-to-date in 2025 of approximately $22 million. The company's US subsidiaries, Limco and Piedmont, are FAA-certified repair stations, a necessary element for dedicated service in the highly regulated US commercial aviation sector.

The operational structure supports these key accounts through specialized service delivery, which includes:

• Leveraging FAA certification for US commercial clients.
• Maintaining strong ties with Israeli defense entities.
• Utilizing in-house MRO capabilities across all products.
• Focusing on industry-leading turnaround time.

Customer First initiative, a strategic focus for 2025

The Customer First initiative was a stated strategic focus for TAT Technologies Ltd. in 2025, aimed directly at enhancing customer fulfillment and market position despite supply chain headwinds. This initiative involved tangible operational investments to ensure service continuity. Specifically, the company focused on bolstering parts and rotatable inventory in key areas to meet client demand. The results of this focus were evident in the first half of 2025, where revenues grew to $131.5 million for the nine months ended September 30, 2025, up 18.4% year-over-year. The company's agility, a direct outcome of this customer focus, is valued by its clients.

The initiative's impact on operational metrics is visible:

• Q1 2025 Revenue increased by 23.6% year-over-year.
• Gross margin improved by 290 basis points in Q1 2025 versus Q1 2024.
• Adjusted EBITDA increased by 56.2% in Q1 2025 versus Q1 2024.
• Cash flow provided by operating activities was $6.9 million for the three months ended June 30, 2025.

Finance: review Q3 2025 working capital efficiency against the $94 million reported for working capital at the end of Q3 2025.

TAT Technologies Ltd. (TATT) - Canvas Business Model: Channels

You're looking at how TAT Technologies Ltd. (TATT) gets its value proposition-the specialized aerospace components and MRO services-into the hands of its global customer base. It's a mix of direct relationship management and a network of specialized, certified service centers.

Direct sales force managing long-term customer contracts.

The direct sales channel is heavily focused on securing and managing long-term agreements that provide revenue visibility. This is where the big, multi-year deals get done. For instance, in August 2025, TAT Technologies secured a three-year contract with an international airline for Boeing 777 platform MRO services, valued at $12 million. Earlier in May 2025, the company announced a five-year maintenance contract with a cargo carrier, estimated to be worth between $40 million and $55 million, covering several aircraft models including the 777. This focus on securing long-term commitments is reflected in the overall pipeline; as of the second quarter of 2025, the value of the LTA (Long-Term Agreement) and backlog grew to approximately $524 million, which is set to flow into revenue over the coming years. This backlog growth is a direct indicator of the success of the direct sales effort.

The direct channel supports the entire business, driving activity across both OEM and MRO segments, as evidenced by the broad-based growth seen in the nine months ended September 30, 2025, where revenues reached $131.5 million.

FAA-certified MRO repair stations (Limco, Piedmont, Turbochrome).

A critical part of the channel strategy involves the specialized Maintenance, Repair, and Overhaul (MRO) subsidiaries, which serve as certified service points for complex component work. These stations are the delivery mechanism for the MRO value proposition, serving airlines, air cargo carriers, maintenance service centers, and the military.

The specific roles of these FAA-certified stations are:

• Limco Airepair Inc. (Limco): Operates an FAA-certified repair station focused on MRO services for heat transfer components.
• Piedmont Aviation Component Services LLC (Piedmont): Operates an FAA-certified repair station providing MRO services for general aircraft components, mainly Auxiliary Power Units (APUs) and landing gear.
• Turbochrome Ltd. (Turbochrome): Focuses on the overhaul and coating of jet engine components, including turbine vanes and blades.

The MRO segment is showing strong recovery; MRO intake began to re-accelerate in July 2025, contributing to the Q3 2025 revenue of $46.2 million.

Global service network with facilities in the US and Israel.

TAT Technologies supports its channels through a physical global footprint that includes manufacturing, headquarters, and service centers across two countries. This network ensures proximity to key customers and compliance with necessary regulatory bodies, including certifications from American, European, British, and Chinese civil aviation authorities.

The core operational and service locations include:

Location Type	Facility/Office Name	Primary Function/Unit	Geographic Area
Headquarters	Netanya	Corporate Headquarters	Israel
OEM/MRO Facility	Kiryat Gat	OEM (Heat Transfer) & Turbochrome (Engine Overhaul)	Israel
MRO Station	Limco in Tulsa	Heat Transfer MRO Services	United States (Oklahoma)
MRO Station	Piedmont in Greensboro	Component MRO (APU/Landing Gear)	United States (North Carolina)
Sales Office	Charlotte	Strategic Sales Office	United States (North Carolina)

The company serves a global customer base of over 500 customers worldwide, including major players like Boeing, Embraer, and American Airlines.

Here's the quick math on the channel performance through the first nine months of 2025:

• Nine Months 2025 Revenue: $131.5 million.
• Nine Months 2025 Operating Income: $13.9 million.
• Nine Months 2025 Net Income: $12.1 million.
• Q3 2025 Gross Margin: 25.1% of revenues.

Finance: draft 13-week cash view by Friday.

TAT Technologies Ltd. (TATT) - Canvas Business Model: Customer Segments

You're looking at the core customer base for TAT Technologies Ltd. (TATT) as of late 2025, which is heavily weighted toward commercial aviation, but with a firm footing in defense work too.

Commercial Airlines and Air Cargo Carriers (MRO demand)

This group represents the largest portion of TAT Technologies Ltd. (TATT)'s business. Based on recent sales figures, commercial customers account for approximately 85% of the company's total sales. The demand here is driven by Maintenance, Repair, and Overhaul (MRO) services, particularly for Auxiliary Power Units (APUs) and heat transfer components. For instance, a recent three-year MRO contract secured in August 2025 for the Boeing 777 platform is valued at $12 million, which translates to about $4 million annually. Earlier, a five-year contract extension for GTCP331 model APUs was worth an estimated $50 million in total revenue, averaging $10 million per year. The company is actively expanding its APU service authorizations to cover platforms like the Boeing 737 and Airbus A320, which represent significant untapped revenue opportunities.

Key drivers for this segment include:

• Extending time between overhauls for aging fleets.
• Outsourcing maintenance to reliable third parties.
• Deepening penetration into the APU market.

Military and Defense Agencies

Military and government contractors form the smaller, yet stable, segment of the customer base. This segment contributes roughly 15% of TAT Technologies Ltd. (TATT)'s sales. While the company has dedicated sales efforts and capabilities that cover military aircraft, such as the C17 platform via its license agreements, management indicated in Q1 2025 that immediate, substantial growth from this sector was not expected due to the slow transition from strategic decisions to actual buying decisions. The MRO opportunities here are similar to commercial, driven by an aging military fleet and upgrade programs aimed at extending aircraft useful life.

Original Equipment Manufacturers (OEMs) like Boeing and Lockheed Martin

TAT Technologies Ltd. (TATT) also sells directly to OEMs, which accounts for a portion of its sales, split roughly 70:30 between end-market sales (MRO/Services) and direct OEM sales previously. The company is an OEM of heat transfer solutions and aviation accessories. A major element of this customer relationship is the strategic collaboration with Honeywell International Inc. (HON). This partnership grants TAT Technologies Ltd. (TATT) access to a market estimated at $2.5 billion annually for APU services. Furthermore, the company's capabilities include components used in systems manufactured by Boeing, Lockheed Martin, Airbus, and others. The backlog composition as of Q1 2025 shows that product lines like heat exchangers (54% of backlog) and APUs (27% of backlog) are critical to OEM and related supply chain activity.

Here's a look at the revenue breakdown from the first quarter of 2025 to show where the money was coming from:

Product/Service Line	Q1 2025 Revenue (USD)	Year-over-Year Growth (Q1 2025)
Heat Exchanger Revenue	$18.4 million	30% increase
APU Segment Revenue	$12.3 million	34% increase
Landing Gear Revenue	$3.3 million	127% increase
Trading and Leasing Revenue	$2.1 million	27% decrease (sequential)

The total revenue for that quarter was $42.1 million, reflecting an 18% year-over-year growth rate. The total backlog and long-term agreements stood at $524 million as of the second quarter of 2025, providing revenue visibility for the coming years.

Finance: review the Q3 2025 backlog conversion rate by Friday.

TAT Technologies Ltd. (TATT) - Canvas Business Model: Cost Structure

You're looking at the hard numbers driving TAT Technologies Ltd.'s (TATT) operational engine. The cost structure is heavily weighted toward direct production and the strategic holding of parts to keep those production lines moving, especially given the known industry bottlenecks.

Cost of goods sold (COGS) for complex manufacturing and MRO labor represents the largest component. Looking at the first half of 2025 (six months ended June 30, 2025), the total Cost of Revenue was substantial, reflecting the labor and material intensity of both Original Equipment Manufacturing (OEM) and Maintenance, Repair, and Overhaul (MRO) activities.

Here's the quick math on the COGS breakdown for the first half of 2025 (in thousands of U.S. dollars):

Cost Component	Amount (6 Months Ended June 30, 2025)	Percentage of Total COGS
Cost of Goods: Products (Manufacturing)	$17,443	27.06%
Cost of Goods: Services (MRO Labor/Materials)	$47,024	72.94%
Total Cost of Goods Sold (COGS)	$64,467	100.00%

The MRO services side, which includes the specialized labor for component overhaul, clearly dominates the direct cost base. This tells you that skilled labor and associated material costs for repairs are the primary drivers here.

Investment in rotatable inventory to counter supply chain instability is a critical balance sheet item that feeds directly into the cost of sales over time. As of September 30, 2025, TAT Technologies Ltd. reported total inventory valued at $78,171 thousand. This is up from $68,540 thousand at the end of fiscal year 2024, showing a deliberate increase in stock levels to maintain competitive lead times against the backdrop of ongoing supply chain challenges.

Research and Development (R&D) for next-gen platforms (eVTOL, electrification) is a necessary, though smaller, operating expense that secures future revenue. For the nine months ended September 30, 2025, the net Research and Development expense was $887 thousand. This investment supports the company's position as a front-line provider for future designs, such as aircraft electrification and eVTOL systems, leveraging existing thermal solutions knowledge.

General and administrative expenses for global operations cover the overhead required to manage a dual-listed, international business. For the nine months ended September 30, 2025, the key operating expenses were:

• Selling and marketing: $6,106 thousand.
• General and administrative: $6,106 thousand.

To give you a sense of scale, for the same nine-month period in 2025, total revenues reached $131.5 million, meaning these combined overheads represented approximately 9.2% of revenue.

TAT Technologies Ltd. (TATT) - Canvas Business Model: Revenue Streams

You're looking at the core ways TAT Technologies Ltd. (TATT) brings in money, which is heavily tied to the aerospace aftermarket and specialized manufacturing. The overall picture shows strong momentum heading into late 2025.

The Trailing Twelve Month (TTM) Revenue as of Sep 2025 is $173 million. This is a significant jump from the $150 million reported for the full year 2024. To give you a clearer picture of the recent run rate, the revenue for the first nine months of 2025 reached $131.48 million, up 18.4% compared to the same period in 2024. That third quarter alone brought in $46.24 million.

TAT Technologies Ltd. (TATT) structures its revenue generation across a few key areas, which you can see summarized below:

Revenue Stream Category	Key Activities Mentioned	Latest Period Financial Data Point
MRO Services	Maintenance, Repair, and Overhaul for APU, landing gear, and heat transfer components.	Growth driven by incremental contributions from landing gear maintenance in Q3 2025.
OEM Sales	Original Equipment Manufacturing of heat transfer solutions and aviation accessories.	Growth was broad-based, including contributions from OEM segments.
Trading and Leasing	Trading and Leasing of aircraft components and APU engines.	Leveraging diversification across trading and MRO/OEM segments.

The MRO Services for Aviation Components segment is clearly a major driver. The CEO noted that APU activity was rebounding following softness earlier in the spring, and there were incremental contributions from landing gear maintenance in the third quarter of 2025. The company's CEO is expecting substantial growth in revenue going into the coming few years, specifically mentioning a new cycle for landing gear overall. This segment benefits from increased fleet utilization in the recovering aviation market.

For OEM Sales of Heat Transfer Solutions and Aviation Accessories, the growth has been broad-based. TAT Technologies Ltd. (TATT) operates through subsidiaries that handle both MRO and OEM work for heat transfer components. The company's gross margin expansion, which hit 25.1% of revenues in Q3 2025, up from 21.0% in Q3 2024, suggests that higher-margin revenue streams, likely including OEM or specialized MRO work, are becoming a larger part of the mix.

Regarding Trading and Leasing of aircraft components and APU engines, this activity helps the company maintain its diversification. The value of their Long-Term Agreements (LTA) and backlog grew by approximately $85 million to reach $524 million as of the end of the second quarter of 2025. That backlog is what fuels the predictable revenue flow over the next several years.

Here are some key financial metrics that underscore the revenue quality:

• Nine Months 2025 Gross Profit: $32.4 million, representing 24.6% of revenues.
• Nine Months 2025 Operating Income: $13.9 million, or 10.5% of revenues.
• Nine Months 2025 Adjusted EBITDA: $18.6 million, or 14.1% of revenues.

Finance: draft 13-week cash view by Friday.