TAT Technologies Ltd. Announces Dividends Distribution
March 11 2009 - 10:46AM
PR Newswire (US)
GEDERA, Israel, March 11 /PRNewswire-FirstCall/ -- TAT Technologies
Limited (NASDAQ:TATTF) today announced that its Board of Directors
has approved the distribution of cash dividend in the total amount
of NIS 15,000,000 (approx. NIS 2.29 per share) (Approx. USD
3,500,000 and USD 0.55 per share, respectively). The dividend will
be paid to shareholders of record on March 26, 2009. The Company
will pay the dividend on April 8, 2009. About TAT Technologies Ltd.
TAT Technologies Limited provides a variety of services and
products to the aerospace industry under three operational
segments: (i) OEM products (ii) MRO services and (iii) parts, each
with the following characteristics: Our OEM activities primarily
relate to the manufacture and sale of a broad range of heat
transfer components (such as heat exchangers, pre-coolers and
oil/fuel hydraulic coolers) used in mechanical and electronic
systems on-board commercial, military and business aircraft. We
also manufacture and sell other environmental control and cooling
systems and a variety of other electronic and mechanical aircraft
accessories and systems such as pumps, valves, power systems and
turbines. Our MRO services include the remanufacture, overhaul and
repair of heat transfer equipment and other aircraft components,
APUs, propellers and landing gear. Our Limco-Piedmont subsidiary
operates four FAA certified repair stations, which provide aircraft
component MRO services for airlines, air cargo carriers,
maintenance service centers and the military. Our parts segment
focuses on the sale of APU parts propellers and landing gear. We
offer parts services for commercial, regional and charter airlines
and business aircraft owners. Safe Harbor for Forward-Looking
Statements This press release contains forward-looking statements
that are subject to risks and uncertainties. Factors that could
cause actual results to differ materially from these
forward-looking statements include, 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, and other risks detailed from time to time in
the Company's filings with the Securities and Exchange Commission.
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. For
further information, please call Mr. Yaron Shalem, the Company CFO,
at +972-8-8628503. DATASOURCE: TAT Technologies Ltd CONTACT: For
further information, please call Mr. Yaron Shalem, the Company CFO,
at +972-8-8628503.
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