TAT Technologies (TATT) - Record Backlog and Aviation MRO GrowthTAT Technologies Ltd.BATS:TATTFreedomHoldingTAT Technologies (TATT) is an aerospace solutions provider operating across three segments: aviation component MRO, heat transfer solutions, and equipment trading & leasing. The investment case is underpinned by resilient demand for aviation MRO services, gradual supply chain normalization, and a record order backlog. The primary growth driver is the APU MRO segment, where improving parts availability has enabled the company to complete and ship previously deferred orders. Further upside stems from: Deepening collaboration with Honeywell Expansion of the distribution and leasing business Potential operating leverage from infrastructure already in place Q2 results partly reflect a one-time catch-up effect from backlog execution, with the bulk of new orders expected to convert to revenue gradually over multiple years. Key risks: Persistent component supply constraints Rising working capital requirements Elevated parts costs FX volatility 12-month target price: $54 Price as of August 20, 2026 close: $36.20