SAN DIEGO, May 20, 2026 /PRNewswire/ — The University of San Diego (USD) community celebrated the groundbreaking of the Shiley STEM Initiative building alongside the building’s namesake Darlene Marcos Shiley, a philanthropist and Chair Emerita of USD’s Board of Trustees, and her late husband Donald. Mrs. Shiley announced the lead gift of $75 million in 2024 to make the building a reality.

“I believe that science, technology, engineering and math are always going to be important and that’s the best place for me to make this gift. STEM is the future — and especially in San Diego,” said Shiley. “I think the future lies in people like Donald, applying whatever talents they have, and utilizing a space like this to solve humanity’s most urgent challenges.”

The 70,000 square foot, three-story facility will expand USD’s commitment to STEM education –  with a goal of being one of the top programs nationally for undergraduate STEM research and academics.

Shiley’s gift, the largest in the university’s history, established the Shiley STEM Initiative. The gift will build on USD’s commitment to STEM programs on campus, meet the needs of ever-evolving biotechnology and science industries and create a state-of-the-art STEM facility for students to grow in their respective fields.

“Today’s groundbreaking is the first step in creating a new, innovative space for our STEM-based students that will elevate their educational experience and research as they become future scientists, engineers and changemakers in our communities. None of this would be possible without the generous support of Darlene Marcos Shiley and her late husband Donald, who understand the value in STEM education and believe in our approach to providing values-based, hands-on research opportunities for our students,” said James T. Harris III, president of the University of San Diego.

The space was imagined with experiential learning front and center, giving students the tools and hands-on learning they need to thrive as future engineers, scientists, researchers and healthcare professionals. From the beginning of their time at USD, students have opportunities to conduct high-level research in labs even as undergraduates. This new facility will create even more experiential learning opportunities through its collaborative spaces and innovative classrooms that can adapt to an ever-changing technological world.

The new facilities will include a biomedical engineering lab, a medical device lab to develop prototypes, a food science and coffee lab to study the science of food, an ecology rooftop space and a space to study the next generation of robotics.

ABOUT THE UNIVERSITY OF SAN DIEGO
Strengthened by the Catholic intellectual tradition, we confront humanity’s challenges by fostering peace, working for justice and leading with love. With more than 8,000 students from 75 countries and 44 states, USD is among the Top 20 Best Private Schools for Making an Impact according to The Princeton Review. USD’s eight academic divisions include the College of Arts and Sciences, the Knauss School of Business, the Shiley-Marcos School of Engineering, the School of Law, the School of Leadership and Education Sciences, the Hahn School of Nursing and Health Science, the Joan B. Kroc School of Peace Studies, and the Division of Professional and Continuing Education. In 2021, USD was named a “Laudato Si’ University” by the Vatican with a seven-year commitment to address humanity’s urgent challenges by working together to take care of our common home.

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SOURCE University of San Diego

Mercedes-Benz of Scottsdale unveils an intimate look into the racing-derived mechanics and performance hallmarks driving the latest handcrafted luxury masterpiece.

SCOTTSDALE, Ariz., May 20, 2026 /PRNewswire/ — For drivers seeking the absolute pinnacle of high-performance luxury, navigating the evolving automotive market demands detailed clarity. Recognizing this need, Mercedes-Benz of Scottsdale proudly introduces extensive new technical insights detailing the exquisite performance features of the 2026 Mercedes-AMG® GLC 63 S E PERFORMANCE SUV. Wealthy driving enthusiasts can instantly explore these deep-dive analytics by reviewing our comprehensive model research hub, which acts as an invaluable guide for buyers who refuse to compromise on track-bred capability.

Furthermore, the premier Mercedes-Benz dealership in Scottsdale confirms that these breathtaking 2026 models are actively arriving in stock and are available for immediate custom allocation order. Drivers looking to capture this rare blend of sophistication can browse the current luxury lineup through our curated online vehicle gallery.

Dissecting the 2026 Mercedes-AMG® GLC 63 S E PERFORMANCE SUV

This motorsport-derived masterpiece blends an ultra-lightweight hybrid battery with the most potent production four-cylinder engine on Earth. Consequently, the combination delivers an astonishing 671 horsepower and 752 pound-feet of combined torque. To help elite buyers understand how this immense power translates to real-world dominance, our dealership research spotlights the following sophisticated performance dynamics:

Formula 1 Inspired Launching: An advanced electric exhaust-gas turbocharger completely eliminates lag, allowing the vehicle to sprint from zero to 60 mph in a blinding 3.5 seconds.Dynamic Cornering Mastery: Standard active rear-axle steering pairs naturally with the variable all-wheel-drive system to provide unmatched stability through tight desert curves.Adaptive Active Ride Control: Independent suspension damping continuously counters body roll, guaranteeing a smooth cabin experience without sacrificing razor-sharp handling.

Intelligent Technology Meets Track-Ready Power

Beyond pure muscular output, the cutting-edge AMG® GLC 63 S E PERFORMANCE SUV technology delivers an incredibly responsive, personalized driving environment. Drivers can modulate the vehicle’s personality via multiple distinct drive modes, choosing pure electric efficiency for quiet morning commutes or maximizing full gas-electric output for track environments. Moreover, the sophisticated hybrid architecture captures kinetic energy during deceleration, ensuring that the battery remains charged and ready for intense acceleration bursts at a moment’s notice.

“We find that our clientele appreciates true mechanical artistry, which is why we invested heavily in translating the immense engineering depth behind this specific hybrid model,” explains Matt McDermott, company spokesperson. “The 2026 AMG® GLC 63 S E PERFORMANCE SUV represents a massive shift in how we define modern luxury performance. Because we secure high-demand allocations early, securing your vehicle through our specialized showroom guarantees a bespoke commissioning process tailored directly to your lifestyle.”

About Mercedes-Benz of Scottsdale

Operating as a premier destination for luxury automotive enthusiasts, Mercedes-Benz of Scottsdale serves the entire valley with an exceptional selection of fine luxury vehicles. The dealership couples highly knowledgeable product specialists with an ultra-exclusive showroom environment, ensuring a flawless procurement process from initial configuration to final delivery.

For more information about current offers and vehicle availability or to schedule a test drive, buyers can contact Mercedes-Benz of Scottsdale at 480-845-0012, visit www.mbscottsdale.com, or stop by the dealership at 4725 North Scottsdale Road in Scottsdale, Arizona.

Media Contact: Matt McDermott, 480-213-1265, mattm@mbscottsdale.com

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SOURCE Mercedes-Benz of Scottsdale

CHARLOTTE, N.C., May 20, 2026 /PRNewswire/ — TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TATT)  (“TAT” or the “Company”) a leading provider of products and services to the commercial and military aerospace and ground defense industries, today reported its unaudited results for the three-month period ended March 31, 2026.

Financial highlights for the first quarter of 2026:

Revenues were $41.1 million; a slight decrease of 2.4% compared to $42.1 million in the first quarter of 2025, driven primarily by component part shortages and delayed deliveries from certain OEM suppliers.Gross profit remained stable at $10.0 million. Gross margin improved by 80 basis points to 24.4% of revenues, compared to 23.6% of revenues in the first quarter of 2025.Operating income was $3.0 million, a decrease from $4.2 million in the first quarter of 2025, reflecting a margin of 7.3% versus 9.9% in the first quarter of 2025.Net income totaled $3.4 million, a slight decrease compared to $3.8 million in the first quarter of 2025.Adjusted EBITDA was $4.9 million, representing 11.8% of revenues, a decrease from $5.7 million representing 13.6% of revenues in the first quarter of 2025.Operating cash flow for the quarter was positive $1.9 million compared to negative $(5.0) million used in operating activities in the first quarter of 2025, reflecting a significant improvement in cash generation.

Mr. Igal Zamir, TAT’s CEO and President, commented: “TAT Technologies entered 2026 with a robust operational foundation, and the record customer demand in the first quarter reinforced our confidence in the trajectory we are on. Demand for our services has never been stronger, and the value of our long-term agreements and backlog reached an all-time high, growing to approximately $580 million at the end of Q1, reflecting new contract wins and exceptionally strong customer intake across all four of our service lines.”

As opposed to this  strong momentum entering the year, and as previously communicated, we experienced some supply chain disruptions that affected the results of the first quarter. These distruptions were triggered by certain OEM suppliers, leading to delays in finish goods and deliveries. Primarily as a result of these delays, our revenue slightly declined YoY, not fully utilizing our growing backlog. We expect this obstacle to be resolved in the next few months, allowing TAT the continued growth trajectory we started last year. 

“As we look ahead through the rest of 2026, we are confident in the fundamentals of the business. Demand is at an all-time high and our record backlog provides strong revenue expectations. Subject to the anticipated resolution of our recent supply chain disruptions, we expect our growth trajectory will resume in the second quarter and the second half of the year, driven primarily by stronger demand and record backlog. We remain well-positioned to deliver growth and long-term value for our shareholders,” concluded Mr. Zamir.

Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with GAAP, the Company also presents Adjusted EBITDA.  The adjustments to the Company’s GAAP results are made with the intent of providing both management and investors with a more complete understanding of the Company’s underlying operational results, trends and performance. Adjusted EBITDA is calculated as net income excluding the impact of: the Company’s share in results of affiliated companies, share-based compensation, taxes on income, financial (expenses) income, net, and depreciation and amortization. Adjusted EBITDA, however, should not be considered as an alternative to net income and operating income for the period and may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential future results. Adjusted EBITDA is not a measure of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. See reconciliation of Adjusted EBITDA below.

Investor Call Information

TAT Technologies will host an earnings webcast and conference call today, May 20, 2026, at 8:00 a.m. Eastern Time to discuss first quarter results. Investors may register using the link below or by visiting the Company’s website.

Webcast Registration: Here 

Investor Relations Website: https://tat-technologies.com/investors/ 

Contact:

Mr. Eran Yunger
Director of IR
erany@tat-technologies.com

About TAT Technologies Ltd

We are a leading provider of solutions and services to the aerospace and defense industries. We operate four operational units: (i) original equipment manufacturing (“OEM”) of heat transfer solutions and aviation accessories through our Kiryat Gat facility (TAT Israel); (ii) maintenance repair and overhaul (“MRO”) services for heat transfer components and OEM of heat transfer solutions through our subsidiary Limco Airepair Inc. (“Limco”); (iii) MRO services for aviation components through our subsidiary, Piedmont Aviation Component Services LLC (“Piedmont”) (mainly Auxiliary Power Units (“APUs”) and landing gear); and (iv) overhaul and coating of jet engine components through our subsidiary, Turbochrome Ltd. (“Turbochrome”).

TAT’s activities in the area of OEM of heat transfer solutions and aviation accessories through TAT Israel primarily include the design, development and manufacture of (i) a broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft and ground applications; and (iii) a variety of mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.

TAT’s activities in the area of MRO and OEM of heat transfer solutions include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT’s Limco subsidiary operates a Federal Aviation Administration (“FAA”)-certified repair station, which provides heat transfer MRO services 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 MRO of APUs and landing gear. 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 through its Turbochrome facility includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.

Safe Harbor for Forward-Looking Statements 

This press release and/or this report contains “forward-looking statements” within the meaning of the United States federal securities laws. These forward-looking statements 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, LTAs and backlog, the price and continuity of supply of component parts used in our operations (including the risk that recent delivery delays and part shortages are not resolved in a timely manner), our ability to successfully identify, execute, and integrate potential merger and acquisition transactions 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. Shareholders 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.

UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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SOURCE TAT Technologies Ltd