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: www.tat-technologies.com. 

Contact:
Mr. Eran Yunger
Director of IR
Tel: +1-980-451-1115
erany@tat-technologies.com

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.

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SOURCE TAT Technologies Ltd.

HAIFA, Israel, May 21, 2025 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today the public offering of 1,365,450 of its ordinary shares. All of the ordinary shares in the proposed offering will be sold by the Company. In addition, the Company expects to grant the underwriters of the offering a 30-day option to purchase from the Company an amount of additional ordinary shares of up to 15% of the ordinary shares offered in the public offering at the public offering price, less underwriting discounts and commissions. The ordinary shares offered in this offering are expected to be listed for trading on the Nasdaq Global Select Market. Elbit Systems intends to use the net proceeds from this offering for general corporate purposes.

BofA Securities, J.P. Morgan, Jefferies and Morgan Stanley have been engaged to act as the joint book-running managers with respect to the offering of the ordinary shares.

The offering is being made pursuant to an effective shelf registration statement on Form F-3, filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 21, 2025, which became effective immediately. The offering of ordinary shares is being made only by means of a prospectus supplement and accompanying prospectus. When available, copies of the prospectus supplement and accompanying prospectus relating to the offering may be obtained free of charge at the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and the accompanying prospectus may be obtained from: BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255, by telephone (toll-free) at 1-800-294-1322, or by email at dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone: 1-866-803-9204, or email: prospectus-eq_fi@jpmorgan.com; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at 1-877-821-7388, or by email at prospectus_department@jefferies.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or 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. Any offer, solicitation or sale of these securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

About Elbit Systems 

Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.

Driven by its agile, collaborative culture, and leveraging Israel’s technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.

Elbit Systems employs approximately 20,000 people in dozens of countries across five continents. The Company reported $1.9 billion in revenues for the three months ended March 31, 2025 and an order backlog of $23.1 billion as of such date.

Company Contact:  

Dr. Yaacov (Kobi) Kagan, Executive VP – CFO
Tel:  +972-77-2946663
kobi.kagan@elbitsystems.com

Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com

Dalia Bodinger, VP, Communications & Brand
Tel: +972-77-2947602
dalia.bodinger@elbitsystems.com

Forward-Looking Statements

This press release may contain forward-looking statements (within the meaning of Section 27A of the Securities Act, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively, the “Company”), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions about future events. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including regarding the completion of the offering, the satisfaction of customary closing conditions related to the offering and the intended use of the net proceeds from the offering. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others, including the duration and scope of the current war in Israel, and the potential impact on the Company’s operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the SEC, and in the registration statement and prospectus supplement and accompanying prospectus referred to above. All forward-looking statements speak only as of the date of this release. 

Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements, except as required by applicable law.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this press release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.  All other brand, product, service and process names appearing are the trademarks of their respective holders.  Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

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SOURCE Elbit Systems Ltd.

Roborock’s slimmest model yet is designed to tackle family mess with precision and ease, marking a new era of household cleaning.

SYDNEY, May 22, 2025 /PRNewswire/ — Roborock, a global leader in ultra-intelligent home robotics, has officially launched its latest robotic vacuum for its flagship Saros series – the Roborock Saros 10R – in Australia. Following the model’s launch earlier this year at CES 2025, after much anticipation Aussie households can now experience the intelligent cleaning power of Roborock’s slimmest robot vacuum yet — which is available from Roborock’s Official Online Store and Amazon Australia from today.

Designed to easily glide under furniture and into tight corners, the Saros 10R is built for the realities of busy family life — effortlessly handling tangled cords, crumbs and clutter with powerful suction and intelligent design. That same performance extends to pet-friendly homes too, with the Dual Anti-Tangle System delivering a 100% hair removal rate and zero tangling[1] — making it ideal for the more than two-thirds[2] of Aussie households that own a pet.

Smarter navigation for stress-free cleaning
Forget bumping into furniture or getting stuck on stray toys — the Saros 10R uses Roborock’s most advanced navigation system yet, StarSight™ 2.0. Powered by AI and a combination of smart sensors and cameras, it can spot and dodge up to 108 different household objects[1], from socks to charging cables.

Plus, the Saros 10R’s VertiBeam™ Obstacle Avoidance helps it navigate these obstacles more effectively, using an additional vertical laser to improve its field of vision. This means fewer bumps into skirting boards, furniture, and cables, keeping your home intact while ensuring a more thorough clean, especially around edges and tight spaces.

Ultra-slim body meets big power
At just 7.98cm tall, the Saros 10R is Roborock’s slimmest robot vacuum ever – designed to glide under low-profile furniture like beds, sofas, and sideboards. Despite its compact form, it delivers serious performance:

20,000Pa HyperForce® suction[3] – tackles embedded dust and pet hair with ease.AdaptiLift™ Chassis – automatically raises the vacuum by up to 10mm[1] to handle rugs, thresholds (up to 4cm), and uneven flooring.Dual Anti-Tangle System – combines a DuoDivide® main brush and FlexiArm Riser side brush to capture hair and debris while minimising maintenance.

Mopping made easy with smart lift function
The Saros 10R doesn’t just vacuum – it mops too. Its dual spinning mops scrub hard floors with precision, then lift automatically when crossing carpets or transitioning between rooms. This prevents cross-contamination and keeps clean areas from being re-soiled. Perfect for busy households, pet owners, or anyone wanting a true 2-in-1 clean with zero hassle.

The ultimate all-in-one charging and cleaning hub

To complete the hands-free experience, the Saros 10R is compatible with the new Multifunctional Dock 4.0, which introduces significant upgrades to further streamline the user experience. Key features include:

80°C hot water mop washing[1] – for more hygienic cleaningAuto mop removal – detaches mops when switching to vacuum-only mode or carpet cleaningFast charge (2.5 hours)[1] – gets the vacuum back to work quicklySmart power management – only charges what’s needed and supports off-peak scheduling

Together, these features reduce user input and increase cleaning efficiency, ensuring the Saros 10R is always ready to go.

Smarter app, smarter routines
With the Roborock app’s latest update, users gain more control than ever before. Roborock SmartPlan® 2.0 leverages AI and usage history to automatically adjust cleaning settings such as suction power, water volume, and even the cleaning route. The app also introduces convenient custom modes, automated mop washing after cleaning wet areas like kitchens and bathrooms, and compatibility with Apple Watch, smart widgets, and voice assistants – including Amazon Alexa, Google Home, Apple Siri Shortcuts, and Roborock’s own “Hello, Rocky!” voice control.

Pricing and Availability
The Roborock Saros 10R will be available in Australia from 22 May 2025 through Roborock’s Official Online Store and Amazon Australia, at a RRP of $2,899 AUD.

For more information, visit: https://au.roborock.com

-ENDS-

About Roborock
Roborock is a leading smart cleaning brand renowned for its intelligent cleaning solutions. With a steadfast dedication to becoming a global leader in smart appliances, Roborock enriches lives with its innovative line of robotic, cordless, wet/dry vacuum cleaners, and washer-dryers. Rooted in a user-centric approach, our R&D-driven solutions cater to diverse cleaning needs in over 15 million homes across 170+ countries. Headquartered in Beijing and with strategic subsidiaries worldwide, including the United States, Japan, Germany, and Australia, Roborock is committed to simplifying the way the world cleans. For more information, visit: https://au.roborock.com.

[1] Based on internal testing carried out by the manufacturer. Actual results may vary due to

environmental factors and software updates.

[2] RSPCA Australia knowledgebase

[3] Suction power values may vary by country or region. Please refer to information from your purchase channel for accurate details. Based on internal testing carried out by the manufacturer. Actual results may vary due to environmental factors and software updates.

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SOURCE Roborock