TAT Technologies Ltd. (Nasdaq: TATT), a leading provider of services and products to the commercial and military aerospace and ground defense industries, today announced that its subsidiary, Piedmont Aviation Component Services, LLC (“Piedmont”), consummated a transaction to sell a minority interest of 237,932 class B common stock and 16,253 Series A preferred stock of First Aviation Services LLC (“First Aviation”), to First Aviation for an aggregate consideration of $3.62 million. The purchase price for the Class B common stock is $8.40 per Class B shares, for an aggregate purchase price of $1.99 million, and the purchase price for the Series A preferred stock is $100 per preferred share, for an aggregate purchase price of $1.63 million. Following such transaction, Piedmont holds 50,402 class B common stock of First Aviation constituting approximately 4.9% of the common stock in First Aviation (which may be converted into class A common stock pursuant to the terms of First Aviation’s Certificate of Incorporation), and TAT’s income statement shall not be influenced from quarterly fluctuations in First Aviation’s profits and losses. The total gain to be recognized in TAT’s financial statements from the sale of First Aviation’s stock is $1.39 million.