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 November 2016

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 ☒          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 ☒

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 dated November 18, 2016 re TAT Technologies Ltd. Reports Third Quarter 2016 Results.

2
 
ITEM 1

Press Release
Source: TAT Technologies Limited

TAT Technologies Reports Third Quarter 2016 Results

GEDERA, Israel, November 18, 2016 - TAT Technologies Ltd. (NASDAQ: TATT - News) (the “Company”), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three month and nine month periods ended September 30, 2016.

Financial Highlights for the Third quarter of 2016 (unaudited):
 
•
Total Revenue: $23.7 million compared to $22 million in the third quarter of 2015.
 
•
Operating income: $1.5 million compared to $0.5 million in the third quarter of 2015.
 
•
EBITDA: $2.4 million compared to $1.1 million in the third quarter of 2015.
   
•
Net income: $0.9 million compared to $0.2 million in the third quarter of 2015.
 
•
Earnings per share basic and diluted: $0.1 per share compared to $0.02 per share in the third quarter of 2015.
   
•
Net cash provided by (used in) operating activities: $2.2 million compared to $(0.1) million in the third quarter of 2015.

•
Dividend distribution: on August 9, 2016, the company distributed to shareholders a cash dividend in the total amount of $3.0 million.

 During the second quarter of 2016, the Company recorded an accrual, related to tax expenses, of approximately $2.4 million of which $ 2 million is related to a deferred tax liability for future distribution of earnings from foreign subsidiaries of the Company, since the Company's Board of Directors considers future distribution of dividends from these earnings to the Company's shareholders.
 
Mr. Igal Zamir, TAT’s President & CEO commented; “We are pleased with the 2016 third quarter financial results, reflecting improved profitability mainly due to operational efficiencies improvements. Piedmont completed the move to its new, state of the art landing gears and materials plating facility adding new capabilities, Limco continues to enjoy strong demand with increasing growth opportunities in Heat Exchangers MRO and our OEM Heat Exchangers business enjoys a strong backlog.”

About TAT Technologies LTD
 
TAT Technologies Ltd. is a leading provider of products and services to the commercial and military aerospace and ground defense industries. TAT operates under four segments:  (i) Original Equipment Manufacturing or “OEM” of Heat Management Solutions (ii) Heat Transfer Services and Products (iii) Maintenance, Repair and Overhaul or “MRO” services of Aviation Components; and (iv) overhaul and coating of jet engine blades and components

TAT’s activities in the area of OEM Heat Management Solutions are focused on the design, development, manufacture, and sale of the following: (i) a broad range of heat transfer components including heat exchangers, pre-coolers and oil/fuel hydraulic coolers used in mechanical and electronic systems on-board commercial, military and business aircraft; (ii) environmental control and cooling systems on board aircraft and for ground applications; and (iii) a variety of other electronic and mechanical aircraft accessories and systems such as pumps, valves, power systems and turbines.

3
TAT’s activities in the area of Heat Transfer Services and Products include the maintenance, repair and overhaul of heat transfer equipment and to a lesser extent, the manufacture of certain heat transfer product parts. TAT’s Limco subsidiary operates an FAA certified repair station, which provides heat transfer MRO services and products 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 maintenance, repair and overhaul 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 jet engine overhaul includes the overhaul and coating of jet engine components such as turbine vanes and blades, fan blades, variable inlet guide vanes, afterburner flaps and other components.
 
For more information of TAT Technologies Ltd., please visit our web-site:
www.tat-technologies.com
 
Guy Nathanzon – CFO
TAT Technologies Ltd.
Tel: 972-8-862-8500
guyn@tat-technologies.com
 
Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements which include, without limitation, statements regarding possible or assumed future operation results. 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.

4
TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET
(In thousands)

 
September 30,
    
December 31,
  
   
2016
    
2015
  
   
(unaudited)
    
(audited)
  
ASSETS
            
CURRENT ASSETS:
            
Cash and cash equivalents
  
$
18,227
    
$
18,688
  
Short-term bank deposits
    
951
      
8,122
  
Accounts receivable, net
    
22,639
      
19,151
  
Other current assets and prepaid expenses
    
3,333
      
3,025
  
Inventory, net
    
37,974
      
36,664
  
                 
Total current assets
    
83,124
      
85,650
  
                 
NON-CURRENT ASSETS:
                
Investment in affiliates
    
507
      
169
  
Funds in respect of employee rights upon retirement
    
2,598
      
2,626
  
Deferred income taxes
    
530
      
890
  
Intangible assets, net
    
1,213
      
1,314
  
Property, plant and equipment, net
    
21,172
      
18,934
  
                 
Total non-current assets
    
26,020
      
23,933
  
                 
Total assets
  
$
109,144
    
$
109,583
  
                 
LIABILITIES AND EQUITY
                
                 
CURRENT LIABILITIES:
                
Accounts payable
    
8,537
      
7,022
  
Accrued expenses
    
8,673
      
7,815
  
Total current liabilities
    
17,210
      
14,837
  
                 
NON CURRENT LIABILITIES:
                
   Other long-term liabilities
    
66
      
189
  
Liability in respect of employee rights upon retirement
    
2,931
      
2,871
  
Deferred income taxes
    
1,715
      
262
  
                 
 Total non-current liabilities
    
4,712
      
3,322
  
                 
Total liabilities
    
21,922
      
18,159
  
                 
EQUITY:
                
Share capital
    
2,797
      
2,793
  
Additional paid-in capital
    
64,719
      
64,529
  
Treasury stock at cost
    
(2,088
)
    
(2,088
)
Accumulated other comprehensive loss
    
155
      
(4
)
Retained earnings
    
21,639
      
26,194
  
Total shareholders' equity
    
87,222
      
91,424
  
                 
Total liabilities and shareholders' equity
  
$
109,144
    
$
109,583
  

5
TAT TECHNOLOGIES AND ITS SUBSIDIARIES
 
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except share and per share data)

   
Three months ended
    
Nine months ended
    
Year ended
  
   
September 30,
    
December 31,
  
   
2016
    
2015
    
2016
    
2015
    
2015
  
   
(Unaudited)
    
(Unaudited)
    
(Unaudited)
    
(Unaudited)
        
                               
Revenues:
                              
Products
  
$
6,940
    
$
8,254
    
$
22,950
    
$
22,980
    
$
31,339
  
Services
    
16,705
      
13,694
      
47,859
      
40,924
      
54,268
  
     
23,645
      
21,948
      
70,809
      
63,904
      
85,607
  
                                         
Cost of goods:
                                        
Products
    
5,147
      
7,003
      
18,179
      
18,591
      
24,466
  
Services
    
13,605
      
11,547
      
39,407
      
33,946
      
47,476
  
     
18,752
      
18,550
      
57,586
      
52,537
      
71,942
  
Gross Profit
    
4,893
      
3,398
      
13,223
      
11,367
      
13,665
  
                                         
Operating expenses:
                                        
Research and development, net
    
213
      
247
      
951
      
570
      
890
  
Selling and marketing
    
911
      
647
      
2,868
      
2,130
      
2,903
  
General and administrative
    
2,300
      
2,033
      
7,392
      
5,981
      
8,469
  
Other loss (income)
    
(18
)
    
(1
)
    
(21
)
    
-
      
631
  
Gain on bargain purchase
                                    
(4,833
)
     
3,406
      
2,926
      
11,190
      
8,681
      
8,060
  
Operating income
    
1,487
      
472
      
2,033
      
2,686
      
5,605
  
                                         
Financial (expenses) income, net
    
(60
)
    
17
      
(92
)
    
(232
)
    
(349
)
                                         
Income before taxes on income
    
1,427
      
489
      
1,941
      
2,454
      
5,256
  
                                         
Taxes on income
    
537
      
317
      
3,445
      
1,099
      
644
  
                                         
Income (loss) before equity investment
    
890
      
172
      
(1,504
)
    
1,355
      
4,612
  
                                         
Share in results and sale of equity investment of affiliated companies
    
(37
)
    
-
      
(51
)
    
1,491
      
1,237
  
                                         
Net income (loss)
  
$
853
    
$
172
    
$
(1,555
)
  
$
2,846
    
$
5,849
  
                                         
Basic and diluted income (loss) per share
                                        
                                         
Net income (loss) per share
  
$
0.10
    
$
0.02
    
$
(0.18
)
  
$
0.32
    
$
0.66
  
                                         
Weighted average number of shares outstanding
                                        
Basic
    
8,828,444
      
8,808,344
      
8,828,444
      
8,808,344
      
8,808,344
  
Diluted
    
8,837,714
      
8,810,824
      
8,829,894
      
8,809,844
      
8,810,689
  

6
 
TAT TECHNOLOGIES AND ITS SUBSIDIARIES
 
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands)
 
   
Three months ended
    
Nine months ended
    
Year ended
  
   
September 30,
    
December 31,
  
   
2016
    
2015
    
2016
    
2015
    
2015
  
   
(Unaudited)
    
(Unaudited)
    
(Unaudited)
    
(Unaudited)
        
                               
Net income (loss)
  
$
853
    
$
172
    
$
(1,555
)
  
$
2,846
    
$
5,849
  
Other comprehensive income
                                        
Net unrealized gains (losses) from derivatives
    
181
      
-
      
373
      
-
      
(5
)
Reclassification adjustments  for gains included in net income and inventory
    
(93
)
    
-
      
(214
)
    
-
      
1
  
Total other comprehensive income (loss)
  
$
941
    
$
172
    
$
(1,396
)
  
$
2,846
    
$
5,845
  

7

TAT TECHNOLOGIES AND ITS SUBSIDIARIES
 
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)

   
Three months ended
    
Nine months ended
    
Year ended
  
   
September 30,
    
December 31,
  
   
2016
    
2015
    
2016
    
2015
    
2015
  
   
(Unaudited)
    
(Unaudited)
    
(Unaudited)
    
(Unaudited)
        
                               
CASH FLOWS FROM OPERATING ACTIVITIES:
                              
Net income (loss) attributable to TAT Technologies Ltd. shareholders
  
$
853
    
$
172
    
$
(1,555
)
  
$
2,846
    
$
5,849
  
                                         
Adjustments to reconcile net income to net cash provided by operating activities:
                                        
                                         
Depreciation and amortization
    
929
      
675
      
2,660
      
1,890
      
2,781
  
Gain on sale of  property, plant and equipment
    
(19
)
    
-
      
(18
)
    
-
      
-
  
Interest from short-term bank deposits and restricted deposits
    
-
      
(5
)
    
(11
)
    
(20
)
    
(33
)
Loss (gain) from change in fair value of derivatives
    
(122
)
    
-
      
(170
)
    
-
      
10
  
Provision for doubtful accounts
    
10
      
144
      
53
      
144
      
206
  
Share in results and sale of equity investment of affiliated Company
    
37
      
-
      
51
      
(1,491
)
    
(1,237
)
Share based compensation
    
37
      
11
      
64
      
26
      
38
  
Gain on bargain purchase
    
-
      
-
      
-
      
-
      
(4,833
)
Liability in respect of employee rights upon retirement
    
47
      
(68
)
    
60
      
53
      
28
  
Deferred income taxes, net
    
(287
)
    
30
      
1,813
      
672
      
(21
)
Changes in operating assets and liabilities:
                                        
    Increase in trade accounts receivable
    
(44
)
    
(1,261
)
    
(3,541
)
    
(3,903
)
    
(2,375
)
    Decrease (increase) in other current assets and prepaid expenses
    
(913
)
    
35
      
31
      
(276
)
    
(85
)
Decrease (increase) in inventory
    
(862
)
    
779
      
(1,367
)
    
(418
)
    
(571
)
    Increase (decrease) in trade accounts payable
    
1,503
      
(396
)
    
1,379
      
(801
)
    
436
  
    Increase (decrease) in  accrued expenses
    
1,013
      
(236
)
    
1,358
      
1,052
      
525
  
    Increase (decrease) in other long-term liabilities
    
(1
)
    
39
      
(123
)
    
25
      
15
  
Net cash provided by (used in) operating activities
  
$
2,181
    
$
(81
)
  
$
684
    
$
(201
)
  
$
733
  
                                         
CASH FLOWS FROM INVESTING ACTIVITIES:
                                        
Acquisitions of subsidiary, net of cash acquired
    
-
      
-
      
-
      
-
      
(1,796
)
Investment in affiliated company
    
(376
)
    
-
      
(389
)
    
-
      
-
  
Proceeds from sale of equity investment of affiliated Company
    
-
      
-
      
-
      
3,624
      
3,624
  
Funds in respect of employee rights upon retirement
    
98
      
76
      
75
      
(61
)
    
8
  
Proceeds from sale of property and equipment
    
17
      
3
      
18
      
9
      
9
  
Purchase of property and equipment
    
(1,078
)
    
(745
)
    
(4,661
)
    
(2,444
)
    
(3,315
)
Investments in short-term deposits
    
-
      
-
      
-
      
-
      
(8,109
)
Maturities of short-term deposits
    
5,182
      
-
      
7,182
      
-
      
5,109
  
Cash flows provided by (used in) investing activities
  
$
3,843
    
$
(666
)
  
$
2,225
    
$
1,128
    
$
(4,470
)
                                         
Cash flows  used in financing activities
 
$
(3,500
)
    
-
    
$
(3,370
)
    
-
    
$
(469
)
                                         
Net increase (decrease) in cash and cash equivalents
    
2,524
      
(747
)
    
(461
)
    
927
      
(4,206
)
                                         
Cash and cash equivalents at beginning of period
    
15,703
      
24,568
      
18,688
      
22,894
      
22,894
  
                                         
Cash and cash equivalents at end of period
  
$
18,227
    
$
23,821
    
$
18,227
    
$
23,821
    
$
18,688
  

8
 
SIGNATURE

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/ Guy Nathanzon
  
 
Guy Nathanzon
  
 
Chief Financial Officer
  

Date: November 18, 2016
 
9