TAT Technologies is an Israel-based aerospace services and manufacturing company that provides MRO services and OEM manufacturing for aviation components, serving commercial airlines, cargo carriers, and militaries. TAT operates through four subsidiaries: TAT Israel, which designs and manufactures heat exchangers, cold plates, environmental control systems, and flow control accessories for commercial and military aircraft OEMs under long-term supply agreements; Limco, which provides MRO and OEM manufacturing for heat transfer components primarily for military platforms; Piedmont, which provides MRO for APUs and landing gear while also running an APU leasing and parts trading business; and Turbochrome, which overhauls and coats jet engine components and manufactures coating and masking materials. MRO accounts for roughly 68–73% of total revenue, with OEM manufacturing making up the remainder, and roughly 70% of revenues come from North American customers. In MRO, TAT depends on OEM licenses — from Honeywell for APUs, Safran and Liebherr for landing gear, and Collins Aerospace for heat exchangers — which provide parts discounts, technical data, and warranty support. TAT's APU leasing and trading business provides additional revenue stability, as TAT can redirect shop capacity to overhaul assets for trading when MRO intake is soft. Key growth drivers include expanding APU MRO contracts, a new Embraer E170 landing gear overhaul cycle with peak demand expected in 2026–2028, OEM volume growth tied to aircraft production rates, and bolt-on M&A to expand into adjacent component categories.