TAT TECHNOLOGIES LTD — Interim / Quarterly Report 2005

Mar 30, 2005

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 March 2005 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 Fourth Quarter 2004 Results dated March 29, 2005. 2. Press release re TAT Technologies Signed a Letter of Intent to Acquire a New Company dated March 30, 2005. ITEM 1 Press Release Source: TAT Technologies Ltd. TAT Technologies Reports Fourth Quarter 2004 Results Tuesday March 29, 10:36 am ET - - Increase of 8,34% in Revenues and 6,92% in Net Profit Pre-tax for the Year 2004 GEDERA, Israel, March 29 /PRNewswire-FirstCall/ -- TAT Technologies Ltd. (NASDAQ/NMS:TATTF - News), which is engaged in the manufacture, repair and overhaul of heat transfer equipment and other various accessories mainly in aircraft, reported today a net profit of $1,255,153 pre-tax and 908,285 after tax on revenues of $8,070,231 in the fourth quarter ended December 31, 2004 compared to a net profit of $1,169,783 pre-tax and $871,966 after tax on sales of $ 7,353,046 for the same period of 2003. For the year ended December 31, 2004 the company reported a net profit of $5,408,335 pre-tax and $3,741,514 after tax on revenues of $33,242,686 compared to a net profit of $5,058,134 pre-tax and $3,834,013 after tax on revenues of $30,682,049 for the same period of 2003. The revenues in 2004 ($33,242,686) increased by 8.34% compared to revenues in 2003 ($30,682,049). The net profit, pre-tax in 2004 ($5,408,335) increased by 6.92% compared to net profit pre-tax in 2003 ($5,058,134). The change in revenues is mainly due to increase in our repair and overhaul activities in the USA through our subsidiary there. The increase in net profit pre-tax results mainly from increases in revenues and gross profit. 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 pumps, valves, Power Systems, Turbines, etc. TAT TECHNOLOGIES LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in Thousands U.S $, Unaudited) Three Months Ended Year Ended December 31 December 31 2003 2004 2003 2004 ($) ($) ($) ($) Revenues 7,353 8,070 30,682 33,243 Gross Profit 2,727 2,903 10,594 11,077 R&d Expenses 21 26 120 124 Other Income 40 7 88 54 Income from Operations 1,170 1,255 5,058 5,408 before Income Taxes Income Tax 298 347 1,224 1,667 Net Income 872 908 3,834 3,741 Earnings Per Share $ 0.19 $ 0.15 $ 0.85 $ 0.73 Weighed Average Shares 4,637,081 6,042,671 4,489,722 5,149,689 Outstanding Contact: Mr. Israel Ofen Executive Vice-President and Chief Financial Officer +972-8-859-5411 ITEM 2 Press Release Source: TAT Technologies Ltd. TAT Technologies Signed a Letter of Intent to Acquire a New Company Wednesday March 30, 10:36 am ET GEDERA, Israel, March 30 /PRNewswire-FirstCall/ -- TAT Technologies Ltd. (NASDAQ/NMS: TATTF - News), which is engaged in the manufacture, repair and overhaul of heat transfer equipment and other various accessories, mainly in aircraft, reported today that the company has signed a Letter of Intent to acquire in cash 100% of an American Company which repair and overhaul various aircraft accessories. The revenue of the acquired company for the year 2004 was around $27.5M. 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 pumps, valves, Power Systems, Turbines, etc. Contact: 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: March 30, 2005