SCHEDULE 14A
(RULE 14A-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A)
OF THE SECURITIES EXCHANGE ACT OF 1934

Filed by the Registrant [X][ ]
Filed by a Party other than the Registrant [ ]

Check the appropriate box:

[ ][X] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only
(as permitted by Rule 14a-6(e)(2))
[X][ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Rule 14a-12

CORPORATION NAME

TAT TECHNOLOGIES LTD.
____________________________________________________________- --------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)

CORPORATION NAME

Payment of Filing Fee (Check the appropriate box):
[X] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11(set forth the
amount on which the filing fee is calculated and state how it
was determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration
statement number, or the form or schedule and the date of its filing.
(1) Amount previously paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:

TAT TECHNOLOGIES LTD.
P.O. BOX 80
GEDERA 70750, ISRAEL

NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD ON JUNE 10,, 2004

NOTICE IS HEREBY GIVEN that a Special Meeting of Shareholders (the
"Special Meeting") of TAT Technologies Ltd. (the "Company") will be held on Thursday, June 10,,
2004 at 2:00 P.M. Israel time, at the Company's executive offices in Park Re'em
Industrial Zone, Bnei Ayish, Israel, to consider and act upon the following
matter:matters:

PROPOSAL 1
1. To elect two independent directorsapprove the Share Purchase Agreement between the Company and
T.O.P. Limited Partnership (the "Investor") pursuant to servewhich the Company will
sell to the Investor an aggregate of 857,143 Ordinary Shares (the "Issued
Shares") of its capital stock and issue warrants to the Investor to purchase an
additional 500,000 Ordinary Shares, (the "Warrant Shares"); which in such officethe
aggregate would represent the issuance of more than twenty percent (20%) of the
issued and outstanding Ordinary Shares as of the Record Date, and therefore
would require shareholder approval under Rule 4460 of the National Association
of Securities Dealers, Inc. and to approve all other documents related to the
Transaction and, subject to the provisionscompletion of the Company's ArticlesTransaction, to appoint Mr.
Ishay Davidi, Mr. Gillon Beck and Mr. Yechiel Gutman as members of Association.the Board of
the Company;;

PROPOSAL 2
2. To approve an amendment to the employment agreement by and between
the Company and Shlomo Ostersetzer;

PROPOSAL 3
3. To approve an amendment to the employment agreement by and between
the Company and Dov Zeelim; and

PROPOSAL 4
4. To approve the employment agreement by and between the Company and
Yossi Rosenberg;

PROPOSAL 5
5. To approve the employment agreement by and between Limco Airpair
Inc. and Eran Frenkel and the employment agreement by and between the Company
and Eran Frenkel;

PROPOSAL 6
6. To approve an Amendment of the Article of Association of the
Company;

PROPOSAL 7
7. To approve the purchase of a Directors and Officers liability
insurance policy.

PROPOSAL 8
8. To approve a directors and officers exemption and indemnification
undertaking by the Company.

PROPOSAL 9
9. To transact such other business as may properly come before the
Special Meeting and any continuations and adjournments thereof.

A shareholder who wishes to vote at the Special Meeting by proxy must
complete, sign and datedeliver a proxy to the enclosed proxy and return it inoffices of the enclosed
envelope or fax the same to American Stock Transfer at (718) 921-8336, in either
case for receipt byCompany no later than 3:00 PM Eastern Standard Time on Tuesday,
June 8, 2004.48 hours before the
time appointed for the Special Meeting or any adjournment thereof.

A quorum required for the Special Meeting consists of at least two
shareholders present in person or by proxy, holding or representing at least
one-third50.1% of the total voting rights of the Company. If, within half an hour after
the time appointed for the holding of the Special Meeting, a quorum is not
present, the Special Meeting shall be adjourned to the same day in the next week
at the same time and place or any other time as the Board of Directors of the
Company shall designate and state in a notice to the shareholders, and if, at
such adjourned meeting, a quorum is not present within half an hour after the
time appointed for holding the meeting, two shareholders present in person or by
proxy shall constitute a quorum.

Approval of the proposals to be voted at the Special Meeting excluding
proposal. 6, requires the affirmative vote of the majority of shareholders
present in person or by proxy and entitled to vote thereon; proposal 6 requires
the affirmative vote of 75% of shareholders present in person or by proxy and
entitled to vote thereon. In addition, the approval of all of the proposals
requires: (1) the affirmative vote of no less than one-third of the votes of the
non-controlling shareholders represented at the Special Meeting in person or by
proxy, entitled to vote thereon and voting thereon: or (2) the total votes of
non-interested shareholders voting against the resolution are not in excess of
one percent of the Company's voting rights.

The accompanying Proxy Statement contains further information with
respect to these matters and the text of the resolutionresolutions proposed to be adopted
at the Special Meeting.

The Board of Directors has fixed the close of business on May 21, 2004,2004 (the
"Record Date"), as the record date for the determination of the shareholders
entitled to notice of and to vote at the Special Meeting and any adjournments or
postponements thereof. Only holders of record of the Company's ordinary sharescommon stock on
the record date are entitled to vote at the meeting.

By Order of the Board of Directors
/s/ Avi Kahana
Avi Kahana, Secretary

Gedera, Israel
May 24,June , 2004

PLEASE COMPLETE, SIGN AND DATE THE ENCLOSED PROXY AND PROMPTLY RETURN IT IN THE
ENCLOSED ENVELOPE. NO POSTAGE IS NECESSARY IF MAILED IN THE UNITED STATES.

TAT TECHNOLOGIES LTD.

PRELIMINARY PROXY STATEMENT

INTRODUCTION

This Proxy Statement and enclosed form of proxy are being furnished
commencing, on or about May 24,_____, 2004, in connection with the solicitation by the
Board of Directors of TAT Technologies Ltd., an Israeli corporation (the
"Company"), of proxies in the enclosed form for use at the Special Meeting of
Shareholders (the "Special Meeting") to be held on June 10,_____, 2004, and at any
adjournments thereof for the purposes set forth in the accompanying Notice of
Special Meeting of Shareholders.

Any proxy given pursuant to such solicitation and received prior to the
Special Meeting will be voted as specified in such proxy. If no instructions are
given, proxies will be voted FORfor the electionProposals recommended by the Company's
Board of the nominees for directors
listed herein.Directors.

Any proxy may be revoked by written notice received by the Secretary of
the Company at any time prior to the voting thereof, by submitting a subsequent
proxy or by attending the Special Meeting and voting in person.

VOTING AT THE MEETING

The Board of Directors has fixed the close of business on May 21,, 2004 (the
"Record Date"), as the record date for the determination of the shareholders
entitled to notice of and to vote at the Special Meeting and any adjournments or
postponements thereof. Only holders of record of the Company's ordinary sharescommon stock on
the record date are entitled to vote at the meeting.

As of the Record Date, there were 4,663,3814,688,516 Ordinary Shares
outstanding. Each Ordinary Share entitles the holder thereof to one vote on all
of the proposals to be voted on at the Special Meeting.

The quorum required for the Special Meeting consists of at least two
shareholders present in person or by proxy, holding or representing at least
one-third50.1% of the total voting rights of the Company. If the Special Meeting is
adjourned for lack of a quorum it will be adjourned to the same day in the next
succeeding week at the same time and place or at any other time as the Board of
Directors of the Company shall designate and state in a notice to the
shareholders. If at such adjourned meeting a quorum is not present within half
an hour from the time appointed for holding the meeting, two shareholders
present in person or by proxy will constitute a quorum.

This resolutionApproval of the proposals to be voted at the Special Meeting requires thatexcluding
proposal 6, require the affirmative vote of the majority of shareholders votingpresent
in favor thereofperson or by proxy and entitled to vote thereon; proposal 6 requires the
affirmative vote of 75% of shareholders present in person or by proxy and
entitled to vote thereon; In addition, the approval of all of the proposals
should include one of the following: (1) at leastthe affirmative vote no less than
one-third of the votes of the non-controlling shareholders represented at the
Special Meeting in person or by proxy, entitled to vote thereon and voting
thereon; or (2) the total votes of non-interested shareholders voting against
the resolution are not in excess of one percent of the Company's voting rights.rights

PROPOSAL NO. 1 ELECTIONAPPROVAL OF DIRECTORS

Two new independentISSUANCE OF SHARES TO TA-T.O.P. LIMITED PARTNERSHIP

PROPOSAL 1
1. To approve the Share Purchase Agreement between the Company and
TA-T.O.P. Limited Partnership (the "Purchaser") pursuant to which the Company
will sell to the Purchaser an aggregate of 857,143 Ordinary Shares (the "Issued
Shares') of its capital stock in exchange for $6,000,001 and issue warrants to
the Purchaser to purchase an additional 500,000 Ordinary Shares (the "Warrant
Shares"), which in the aggregate would represent the issuance of more than
twenty percent (20%) of the issued and outstanding ordinary shares as of the
Record Date, and therefore would require shareholder approval under Rule 4460 of
the National Association of Securities Dealers, Inc. The Warrants are
exercisable at $8.50 per share and all other Transaction Documents and, subject
to the completion of the Transaction, to appoint Mr. Ishay Davidi, Mr. Gillon
Beck and Mr. Yechiel Gutman as members of the Board of the Company. More details
of the total transaction with the Purchaser and biographical information with
respect to the three directors are disclosed immediately following the
Proposals.

PROPOSAL 2
2. To approve an amendment to the employment agreement by and between
the Company and Shlomo Ostersetzer (the amendment is detailed immediately
following the proposals); and

PROPOSAL 3
3. To approve an amendment to the employment agreement by and between
the Company and Dov Zeelim; (the amendment is detailed immediately following the
proposals); and

PROPOSAL 4
4. To approve the employment agreement by and between the Company and
Yossi Rosenberg (the details of Mr. Rosenberg's employment agreement are
disclosed immediately following the proposals);

PROPOSAL 5
5. To approve the employment agreement by and between the Company and
Eran Frenkel (the details of Mr. Frenkel's employment agreement are disclosed
immediately following the proposals);

PROPOSAL 6
6. To approve an Amendment of the Article of Association of the Company
(the details of the Amendment are disclosed immediately following the
proposals);

PROPOSAL 7
7. To approve the purchase of Directors and Officers liability
insurance policy.

PROPOSAL 8
8. To approve a directors and officers' exemption and indemnification
undertaking by the Company.

PROPOSAL 9
9. To transact such other business as may properly come before the
Special Meeting and any continuations and adjournments thereof.

THE TRANSACTION

On June 15, 2004, the Company entered into a Share Purchase Agreement
(the "Agreement") with TA-T.O.P., Limited Partnership (the "Purchaser"), which
is wholly-owned by Ta-Tek Ltd., an Israeli private company wholly-owned by FIMI
Opportunity Fund ("FIMI"). The Agreement provides for the purchase of 857,143
shares of the Company's stock by the Purchaser in exchange for $6,000,001. The
Purchaser has certain demand and piggy-back registration rights with respect to
the shares. As part of the transaction, the Company's parent company TAT
Industries, Ltd., certain management shareholders of the Company and the
Purchaser agreed to enter into a shareholder's agreement, which provides among
things that the Purchaser shall have the right to designate three members to
serve on the Company's Board of Directors. The Shareholder's agreement also
provides for certain standard bring along and tag along rights, as well as a
right of first refusal with respect to any shares proposed to be electedsold by any of
the parties. The shareholder's agreement also provides for a lock-up whereby no
party may sell more than 150,000 shares prior to serveJune 2006 and a standstill
restriction, which provides that the Purchaser shall not purchase (in the open
market or otherwise) an amount of shares, which would increase the Purchaser's
ownership of the Company to above 35%.

As part of the transaction, the Purchaser will also receive warrants to
purchase an aggregate of 500,000 shares of the Company's common stock at $8.50
per share. The warrants are exercisable for 66 months. In addition, FIMI and the
Company entered into a Credit Line Agreement, which provides for a line of
credit in such officean amount of up to $2,000,000. Loans made pursuant to the credit line
bear interest at 5% per annum and are repayable on or before December 15, 2009.
The Company will pay an annual commitment fee equal to .5% of the amount of the
credit line. The parties entered into a management agreement, which provides
that the Company will engage FIMI to provide certain management services to the
Company in exchange for annual payments equal to 3% of the operating profit of
the Company for that year in excess of US$ 500,000; provided however that in no
event will the total management fees in any given year exceed $250,000 per
annum. The agreements are subject to the approval of the Company's shareholders.
Shareholders may receive copies of the applicable agreements by e-mailing a
request to the Company's Secretary (Avi@tat.co.il).

BIOGRAPHICAL INFORMATION ON PROPOSED DIRECTORS.

MR. ISHAY DAVIDI (42) IS THE CEO & SENIOR PARTNER, FIMI FUNDS. Mr. Davidi is the
founder of FIMI fund (Founded 1997), and serves as CEO and senior partner in
FIMI. Mr. Davidi serves as Director in several of the Fund Portfolio companies.
Prior to this position, he held the position of manager of an Israeli VC Fund,
and prior to that, CEO in two industrial companies. Mr. Davidi holds a BSc in
Industrial Engineering from Tel Aviv University, and received an MBA in Finance
from Bar Ilan University.

MR. GILLON BECK (42) IS A PARTNER IN THE FIMI OPPORTUNITY FUND. Mr. Beck
currently serves as partner in the FIMI opportunity Fund, and serves as a
director in several of the Fund Portfolio companies. Prior to this position, he
held the position of C.E.O & President of Arad Ltd Group, a world leader and
manufacturer of water measurement technologies. Mr. Beck holds a BSc Cum-Laude
in Industrial Engineering from the Israel Institute of Technology Technion, and
he received an MBA in Finance from Bar Ilan University.

ADV. GUTMAN YECHIEL (59) Adv. Gutman is a member of the Israeli Security
Authority (ISA) management. He also serves as a Director in many Israeli
companies, among them are Israel Refinery Company, E1-A1 (The National
Air-line), Bank OTZAR HACHAYAL (Subsidiary of HAPOALIM Bank). Adv. Gutman served
as Advisor to the Minister of Justice. Adv. Gutman holds an LLB, and MA, from
the Hebrew University, Jerusalem. Mr. Yechiel would be classified as an
independent director.

AMENDMENT TO THE EMPLOYMENT AGREEMENT WITH SHLOMO OSTERSETZER

The current employment agreement with Mr. Ostersetzer, provides for an annual
salary of $180,000 per year, with a bonus equal to 2.5% of the Company's income
from operations, in excess of $500,000. The shareholders are being asked to
approve an amendment to the employment pursuant to which the agreement will be
valid for a minimum period until December 31, 2007. Mr. Ostersetzer can give 12
months advance notice of termination of his employment not before January 1,
2008. The Company can give 12 months advance notice of termination of employment
not before January 1, 2007, provided that if the Company gives the advance
notice prior to July 1, 2008 it has to be approved by at least four directors
(not including the Directors nominated by FIMI).

AMENDMENT TO THE EMPLOYMENT AGREEMENT WITH DOV ZEELIM

The current employment agreement with Mr. Zeelim, provides for an
annual salary of $170,000 per year, with a bonus equal to 2.5% of the Company's
income from operations, in excess of $500,000. The shareholders are being asked
to approve an amendment to the employment pursuant to which the agreement will
be valid for a minimum period until December 31, 2007. Mr. Zeelim can give 12
months advance notice of termination of his employment not before January 1,
2008. The Company can give 12 months advance notice of termination of employment
not before January 1, 2007, provided that if the Company gives the advance
notice prior to July 1, 2008 it has to be approved by at least four directors
(not including the Directors nominated by FIMI.)

EMPLOYMENT AGREEMENT WITH YOSSI ROSENBERG

Mr. Rosenberg is the Son in Law of Mr. Shlomo Ostersetzer and serves as Vice
President Economics. The main terms of Mr. Rosenberg's Employment Agreement are:
a monthly salary N.I.S. 30,000 (ap. $6,650) + social benefits, linked to Israeli
con Index; a yearly increase of salary equal to 5% above the said Israeli Index;
a Company car, telephone, reimbursement of expenses (including yearly
professional seminar up to $3,000) and a minimum yearly bonus of $12,000.

EMPLOYMENT AGREEMENT WITH ERAN FRENKEL

Mr. Frenkel is the Son in Law of Mr. Dov Zeelim and serves as Vice President
Business Development of Limco Airepair Inc. The main terms of Mr. Frenkel's
Employment Agreement are: a monthly salary of US$ 6,666 plus social benefits; a
yearly increase of salary equal to 5%; US$ 10,000 per year participation by the
Company in Mr. Frenkel Housing Expenses in the USA; a Company car, telephone,
reimbursement of expenses (including yearly professional seminar up to $3,000);
Minimum yearly bonus of $12,000 and Sales Commission of 1.5% up to US$ 30,000
per year. When Mr. Frenkel will end his employment by Limco and return to Israel
he will be appointed as Vice President of the Company under the same terms as in
Mr. Rosenberg's agreement.

AMENDMENT OF THE ARTICLE OF ASSOCIATION OF THE COMPANY

To approve an amendment to the Articles of Association of the Company on the
following issues: (1) All resolutions of the shareholders meetings shall pass by
a simple majority of votes present and participating at the meeting; and (2) The
Articles regarding exemption, indemnification and liability insurance of
directors and officers shall be adjusted to the provisions of the Company'sIsraeli
Companies Law; A copy of the proposed resolutions amending the Articles of
Association. Background
information with respect toAssociation of the Board of Directors' nominees for election
(Michael Shevi and Rami Daniel), who are first time director nominees, appears
below.

MICHAEL SHEVI, 68, has servedCompany is attached as Managing Director of Cham Foods since
1973. Currently, Mr. Shevi is a director in Cham Foods (Israel) Ltd. Mr. Shevi
is licensed as a Certified Public Accountant in the State of Israel.

RAMI DANIEL, 38, has served as V.P. of Finance of Ganden Real Estate
since 2001. Mr. Daniel is licensed as a C.P.A. in Israel and received his B.S.C.
in Israel in 1997.

INFORMATION REGARDING THE BOARDAnnex A.

APPROVAL OF DIRECTORS All directors hold office until the next Special Meeting of
shareholders and the election and qualification of their successors. Officers
are elected by the Board ofAND OFFICERS LIABILITY INSURANCE

The Company shall purchase a Directors and serve at the discretionOfficers Liability Insurance Policy
to cover liability of the Board.up to US$ 5,000,000. The Board of Directors haswill be
authorized an Audit Committee. Approval byto renew the Audit Committee and the Board is required for such matters as: (i) certain
transactions to which the Company intends to bePolicy during a party and in which an Office
Holder or certain other parties (including affiliatesperiod of the Company or Office
Holder) have a direct or indirect personal interest, (ii) actions or
arrangements which could otherwise be deemed to constitute a breach of fiduciary
duty or the duty of care of an Office Holderseven years provided its cost
to the Company (iii) arrangements
with directors aswill not be increased more than 25% per year.

DIRECTORS AND OFFICERS EXEMPTION AND INDEMNIFICATION UNDERTAKING

The Company shall issue letters of undertaking to the term of their services, (iv) indemnification of Office
Holder to the Company, (v) certain transactions defined in the Companies
Ordinance as extraordinary transactions (a transaction which is not in the
ordinary course of business or is not at market conditions, or a transaction
which is likely to have a material impact on the profitability, property or
obligations of the Company). Arrangements with directors regarding their service
and in certain circumstances, the other matters enumerated above, may also
require shareholder approval.

The Audit Committee of the Company is comprised of: Moshe Tachnai, Meir
Dvir and Yaacov Fish.

The Company has adopted a formal written Audit Committee Charter which
is reviewed and reassessed annually.

There are family relationships among certain of our officers and
directors. Dov Zeelim and Lior Zeelim are father and son, respectively, Shlomo
Ostersetzer and Yael Rosenberg are father and daughter, respectively, Yael
Rosenberg and Yossi Rosenberg are husband and wife and Yossi Rosenberg is the
son-in-law of Shlomo Ostersetzer.

EXECUTIVE COMPENSATION

During 2003, the Company paid its officers and directors
compensation in the aggregate amount of $1,996,202 and the Company anticipates
that the aggregate compensation paid to its officers and directors during 2004
will be approximately $2,100,000. The foregoing includes amounts set aside for
or accrued to provide pension, retirement or similar benefits but does not
include amounts expended by the Company for automobiles made available to its
officers, expenses (including business travel, professional and business
association dues and expenses) reimbursed to officers and other benefits
commonly reimbursed and paid for by companies in Israel.

EMPLOYEE'S NAME SALARIES & BONUS OPTION PLAN REALIZATION PLAN
SOCIAL
BENEFITS
--------------- ---------- ----- ----------- ----------------

Shlomo Ostersetzer $246,625 $118,707 250,000 -- 125,000 125,000
Dov Zeelim $247,637 $118,707 350,000 50,000 125,000 175,000
Israel Ofen $331,981 $26,271 142,635 10,135 34,500 98,000
Jacob Danan $152,664 $47,241 -- -- -- --
Shraga Katz $151,834 -- 10,000 -- -- --
Shaul Menachem $240,538 $60,000 -- -- -- --
Eran Frenkel $73,278 -- -- -- -- --
Yossi Rosenberg $99,336 $3,311 -- -- -- --
Avi Kahana $42,107 $1,325 -- -- -- --
Moshe Tachnai $7,147 -- 7,500 2,500 -- 5,000
Meir Dvir $7,248 -- 7,500 2,500 -- 5,000
Yaakov Fish $6,959 -- 7,500 2,500 -- 5,000
Yael Rosenberg $6,673 -- -- -- -- --
Lior Zeelim $6,673 -- -- -- -- --

STOCK OPTION PLANS

In June 1994, the Board of Directors of the Company adopted a share
option plan (the "1994 Plan"), pursuant to which 125,000 Ordinary Shares have
been reserved for issuance upon the exercise of options granted under the 1994
Plan. All options granted under the 1994 Plan are granted on the condition that
the grantee remains employed by the Company for at least five years from the
date of grant as an employee, officer or consultant and are granted on a pro
rata basis during that period. In June 1994, the Board of Directors approved the
granting of options under the 1994 Plan at an exercise price of $4.00 per share
as follows: Israel Ofen: 37,500; Dov Zeelim: 50,000; and an aggregate of 37,500
to other directors, employees of the Company and service renderers. In September
1994 the Company's shareholders approved the 1994 Plan and the granting of the
foregoing options. As of the date hereof there were 71,135 options outstanding
pursuant to the 1994 Plan.

In March 1995, the Board of Directors of the Company adopted a share
option plan (the "1995 Plan"), and approved by the Company's shareholders in
August 1995 pursuant to which 400,000 Ordinary Shares have been reserved for
issuance upon the exercise of options granted under the 1995 Plan. In June 1995,
the Board of Directors approved the granting of options under the 1995 Plan at
an exercise price of $4.50 per share as follows: Shlomo Ostersetzer: 125,000;
Dov Zeelim: 125,000; Israel Ofen: 65,000; and an aggregate of 85,000 to other
employees and services providers of the Company. As of the date hereof there
were 302,000 options outstanding pursuant to the 1995 Plan.

In January 1999, the Board of Directors adopted a new share option plan
("1999 Plan") for which 500,000 Ordinary Shares have been reserved and granted
at an exercise price of $1.625 per share as follows: Shlomo Ostersetzer:
125,000; Dov Zeelim: 175,000; Israel Ofen: 102,500 and an aggregate of 97,500 to
other employees and directors. As of the date hereof there were 425,500 options
outstanding pursuant to the 1999 Plan.

During the fiscal year ended December 31, 2003, no options were granted
to any officers of
the Company listed inwhich shall include an exemption of liability and obligation to
indemnify the executive compensation table abovedirectors and 130,115 options were exercisedofficers of the Company up to the higher of
US$5,000,000 or 25% of the Company's equity capital (net worth) according to the
latest financial statements of the Company.

EXECUTIVE COMPENSATION

Incorporated by Reference from the executive officers listed inCompany's Form 20-F for the executive compensation table above.

year
Ended December 31, 2003 as filed with the U.S. Securities and Exchange
Commission on June ___, 2004, a copy of which is attached hereto.

STOCK OPTION PLANS

Incorporated by Reference from the Company's Form 20-F for the year
Ended December 31, 2003 as filed with the U.S. Securities and Exchange
Commission on June ___, 2004, a copy of which is attached hereto.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Incorporated by reference from the Company's Form 20-F for the year
ended December 31, 2003, as filed with the U.S. Securities and Exchange
Commission on June ___, 2004, a copy of which is attached hereto.

DESCRIPTION OF SECURITIES

FINANCIAL STATEMENTS

Incorporated by Reference. The following table sets forthCompany's audited financial statements
for the year ended December 31, 2003 and the related Management's Discussion and
Analysis of Financial Condition and Results of Operations are included in the
Company's Form 20-F, as filed with the U.S. Securities and Exchange Commission
on June ___, 2004, a copy of May 21, 2004which is attached hereto.

BOARD RECOMMENDATION

PROPOSAL 1

1. To approve the numberShare Purchase Agreement between the Company and
TA-T.O.P. Limited Partnership (the "Investor") pursuant to which the Company
will sell to the Investor an aggregate of 857,143 Ordinary Shares owned beneficially by: (i) each officer, director, director
nomineesof its capital
stock and any person knownissue warrants to the CompanyInvestor to beneficially own more than 5%purchase an additional 50,000
Ordinary Shares, and to approve all other Transaction Documents and, subject to
the completion of the Ordinary Shares;transaction, to appoint Mr. Ishai Davidi, Mr. Gillon Beck
and (ii) all officers and directorsMr. Yechiel Gootman as members of the Board of Directors of the Company;

PROPOSAL 2
2. To approve an amendment to the employment agreement by and between
the Company asand Shlomo Ostersetzer;

PROPOSAL 3
3. To approve an amendment to the employment agreement by and between
the Company and Dov Zeelim;

PROPOSAL 4
4. To approve the employment agreement by and between the Company and
Yossi Rosenberg;

PROPOSAL 5
5. To approve the employment agreement by and between Limco Airepair
Inc. and Eran Frenkel and the employment agreement by and between the Company
and Eran Frenkel;

PROPOSAL 6
6. To approve an Amendment of the Article of Association of the
Company;

PROPOSAL 7
7. To approve the purchase of Directors and Officers' liability
insurance policy.

PROPOSAL 8
8. To approve a group.

Number of Ordinary Percent of
Name and Address Shares Owned Ordinary Shares
- ---------------- ------------ ---------------

TAT Industries(1) 3,113,409 68.6%

Shlomo Ostersetzer(1)(2)(4) 311,105 5.68%

Dov Zeelim(1)(2) 390,587 (3)(4) 7.14%

Israel Ofen(1)(2) 200,500 (4) 3.66%

Dvir Meir 7,500 0.13%

Fish Yaakov 7,500 0.13%

Tachnai Moshe 7,500 0.13%
Yael Rosenberg -- --
Lion Zeelim -- --
Yossi Rosenberg -- --
Michael Shevi (nominee) -- --
Rami Daniel (nominee) -- --
All officers, director nominees and
directors as a group (11 persons) 924,692 16.92%
======= ======

- ----------
(1) TAT Industries and each of Messrs. Ostersetzer, Zeelim and Ofen has an
address at P.O. Box 80, Gedera, Israel 70750.
(2) Represents all shares that may be acquired within the next 60 days.
(3) Such number does not include shares beneficially held by TAT
Industries. Mr. Shlomo Ostersetzer, Chairman of the Board of Directors
and Chief Executive Officer of the Company, is the Chairman of the
Board of TAT Industries and owns approximately 43.63% of the equity
rights and the voting rights in TAT Industries as of May 21, 2004. Mr.
Dov Zeelim, President and Vice Chairman of the Board of Directors of
the Company, is the Vice Chairman of TAT Industries and owns
approximately 22.0% of the equity rights and the voting rights in TAT
Industries as of May 21, 2004.
(4) Includes Ordinary Shares that the following persons have the right to
acquire upon the exercise of stock options: Shlomo Ostersetzer, 250,000
Ordinary Shares; Dov Zeelim, 350,000 Ordinary Shares; and Israel Ofen,
200,500 Ordinary Shares.

BOARD RECOMMENDATION

THE BOARD OF DIRECTORS RECOMMENDS THAT THE SHAREHOLDERS VOTE FOR:
MICHAEL SHEVI AND RAMI DANIEL TO SERVE AS DIRECTORS SUBJECT TO THE PROVISIONS OF
THE COMPANY'S ARTICLES OF ASSOCIATION.directors and officers exemption and indemnification
undertaking by the Company.

***************************
VOTE REQUIRED

Proposal 1All proposals to be considered at the Special Meeting, requiresexcluding
proposal 6, require the affirmative vote of the majority of shareholders present
in person or by proxy and entitled to vote thereon; proposal 6 requires the
affirmative vote of 75% of shareholders present in person or by proxy and
entitled to vote thereon; in addition, approval of all the proposal requires;proposals should
include one of the following: (1) the affirmative vote of no less than one-third
of the votes of the non-controlling shareholders represented at the meeting, andOR
(2) that the total votes of non-interested shareholders voting against the
resolution are not in excess of one percent of the Company's voting rights. THE
BOARD OF DIRECTORS OF THE COMPANY HAS UNANIMOUSLY APPROVED, AND RECOMMENDS A
VOTE FOR APPROVAL OF THE FOREGOING PROPOSALS.

PROPOSALS OF SHAREHOLDERS

A shareholder proposal requested to be presented at the Company's
next Annual Meeting of Shareholders must be received by the Company at its
principal executive offices, TAT Technologies Ltd., P.O. Box 80, Gedera 70750,
Israel, no later than August 31, 2004. The Board of Directors will review any
shareholder proposal received in accordance herewith and will determine whether
such proposal is appropriate and satisfies the applicable requirements for
inclusion in the Company's proxy statement for its next Annual Meeting of
Shareholders.

OTHER MATTERS

The Board of Directors does not know of any other business, which is
subject for action by the shareholders at the Special Meeting. However, if any
such matter should properly come before the Special Meeting, the persons named
in the enclosed proxy intend to vote such proxy in accordance with their
judgment.

Shareholders are urged to complete, sign, date and return the enclosed
proxy promptly in the envelope provided, regardless of whether or not they
expect to attend the Special Meeting. The prompt return of such proxy or
proxies, as the case may be, will assist the Company in preparing for the
Special Meeting. Your cooperation is greatly appreciated.

Dated: May 24,, 2004

By Order of the Board of Directors
/s/ Avi Kahana
Avi Kahana, Secretary

TAT TECHNOLOGIES LTD.
SPECIAL MEETING OF SHAREHOLDERS--JUNE 10, 2004
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Avi Kahana, with full power of substitution,
proxy to vote all of the Ordinary shares of the undersigned and with all of the
powers the undersigned would possess if personally present, at the Special
Meeting of Shareholders of TAT Technologies, Inc. (the "Company"), to be held at
the Company's principal executive offices located at Park Re'em Industrial Zone,
Bnei Ayish, Israel, on June 10, 2004 at 2:00 p.m. Israel time and at all
adjournments thereof, upon the matters specified below, all as more fully
described in the Proxy Statement dated May 24, 2004 and with the discretionary
powers upon all other matters which come before the meeting or any adjournment
thereof.

THIS PROXY IS SOLICITED ON BEHALF OF TAT TECHNOLOGIES, LTD.'S BOARD OF
DIRECTORS.

1. To elect two (2) independent directors to serve until the Company's
next Annual Meeting of Shareholders.

MICHAEL SHEVI

RAMI DANIEL

|_| FOR ALL NOMINEES |_| WITHHELD FOR ALL NOMINEES

INSTRUCTION: To withhold authority to vote for any individual, write
that nominee's name in the space provided below:

__________________________________________________________________

2. In their discretion, upon such other matter or matters that may
properly come before the meeting, or any adjournments thereof.

(CONTINUED AND TO BE SIGNED ON THE OTHER SIDE)

(CONTINUED FROM OTHER SIDE)

Every properly signed proxy will be voted in accordance with the specifications
made thereon. IF NOT OTHERWISE SPECIFIED, THIS PROXY WILL BE VOTED FOR PROPOSAL
1.

The undersigned hereby acknowledges receipt of a copy of the accompanying Notice
of Meeting and Proxy Statement and hereby revokes any proxy or proxies
heretofore given.

Please mark, date, sign and mail your proxy promptly in the envelope provided.

Date: , 2004
--------------------------------

(Print name of Shareholder)

Signature

Number of shares
Note: Please sign exactly as name
appears in the Company's records. Joint
owners should each sign. When signing as
attorney, executor or trustee, please
give title as such.

PLEASE MARK, DATE, SIGN AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.