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TAT Technologies Advances as First-Quarter Profit Doubles

May 19 (Bloomberg) -- TAT Technologies Ltd. climbed for a second time this week after the maker of defense systems said first-quarter profit doubled to $1.5 million.

The shares gained 4.2 percent to 18.91 shekels at the 4:30 p.m. close in Tel Aviv. The stock has gained 2.7 percent this week, giving the Gedera, Israel-based company a market value of 166.7 million shekels ($48 million).

To contact the reporter on this story: Susan Lerner in Jerusalem at slerner2@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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