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TAT Technologies Reports Record Second Quarter 2026 Results

Published

3 months ago

on

Revenue Increases 22.8% as Demand Remains Strong and Supply Chain Conditions Ease; Backlog and Long-Term Agreements Reach Record $615 Million 

CHARLOTTE, N.C., Aug. 5, 2026 /PRNewswire/ — TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech), a leading supplier of products and services for the commercial and military aerospace and ground defense industries, today reported financial results for the second quarter ended June 30, 2026.

Financial highlights:

Revenues were $52.9 million, a 22.8% increase compared to $43.1 million in the second quarter of 2025. For the first half of 2026, revenues increased by 10.4% to $94.1 million compared to $85.2 million in the first half of 2025.Gross profit increased by 23.0% to $13.3 million, representing 25.2% of revenues, compared to $10.8 million (25.1% of revenues) in the second quarter of 2025. For the first half of 2026, gross profit increased by 12.4% to $23.4 million compared to $20.8 million in the first half of 2025 (24.8% of revenues in the first half of 2026 compared to 24.4% of revenues in the first half of 2025).Operating Income increased by 26.8% to $5.6 million (10.6% of revenues) compared to $4.4 million (10.3% of revenues) for Q2 2025. For the first half of 2026, operating income was $8.6 million (9.1% of revenues) compared to $8.6 million (10.1% of revenues) in the first half of 2025Net Income of $8.1 million (Diluted EPS of $0.61) compared to $3.4 million for Q2 2025 (Diluted EPS of $0.3). The second quarter of 2026 included a $4.3 million (Diluted EPS of $0.26) net of tax, non-operating gain from the sale of a minority interest in an unconsolidated entity. Excluding the non-recurring benefit, net income would have been $4.66 million, an increase of 35.2% compared to the previous period (and Adjusted Diluted EPS of $0.35). For the first six months of the year, net profit was $11.5 (Diluted EPS of $0.87) million. Excluding the one-time net impact of the minority interest sale, net profit for the first six months was $8.06 million, an increase of 11.0% compared to $7.3 million in the previous period.Adjusted EBITDA was $7.4 million (14.0% of revenues), a 22.7% increase from $6.1 million (14.0% of revenues) for Q2 2025. Adjusted EBITDA for the first half of 2026 increased by 4.1% to $12.3 million (13.1% of revenues) compared to $11.8 million (13.8% of revenues) in the first half of 2025.Cash flow used in operations for the second quarter was $(0.6) million compared to $6.9 million provided by operations in Q2 2025. Cash flow from operations was $1.4 million in the first half of 2026 compared to $1.9 million in the first half of 2025.Backlog and Long-Term Agreements: approximately $615 million as of June 30, 2026, up from approximately $580 million on March 31, 2026, reflecting continued strong customer demand and providing multi-year revenue visibility.

“Continued strong demand and solid execution drove nearly 23% revenue growth and continued profitability improvements,” said Igal Zamir, TAT’s CEO and President. “This performance reflects our strategic position in the market, targeting high-demand services backed by established and solid relationships with OEMs. In part, improving supply chain conditions enabled us to convert previously constrained customer demand into revenue in the quarter, further enhancing results. Demand across our end markets remains robust and customer loyalty remained strong despite the supply chain shortages, driving backlog and long-term agreements to the highest in company history. Although supply chain conditions have not fully normalized, we remain focused on securing the components our customers need, reinforcing our position as a trusted aftermarket partner and supporting long-term profitable growth.”

“We have expanded our strategic relationship with Honeywell Aerospace” Zamir continued. “We became the sole authorized distributor(*) of spare parts for the 331-200 auxiliary power unit platform (APU), extended our MRO license through 2036, and acquired three Honeywell Aerospace 131-9A APUs to expand our leasing business. These agreements strengthen our position in the APU aftermarket and ensure that we will continue to be a valued partner for Honeywell for a long time to come.”

“We believe the combination of historically high customer demand, expanding platform coverage, and a record backlog, combined with improving supply chain conditions, positions TAT well for continued profitable growth,” Concluded Zamir.

(*) As previously disclosed in the Company’s Report on Form 6-K filed on July 14, 2026.

Investor Call Information

TAT Technologies will host an earnings webcast and conference call today, August 5, 2026, at 8:00 a.m. Eastern Time to discuss second quarter results. Investors may register using the link below or by visiting the Company’s website.

Webcast Registration: https://us06web.zoom.us/webinar/register/WN_MRtan_3wQoG9XfDYLkuNeA

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

Non-GAAP Financial Measures

To supplement its GAAP results, the Company presents Adjusted EBITDA to provide investors with additional insight into underlying operating performance. Adjusted EBITDA excludes the Company’s share in results of affiliated companies, share-based compensation, income taxes, net financial (expenses) income, and depreciation and amortization. Adjusted EBITDA 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.

About TAT Technologies

TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech) is a leading provider of services and products to the commercial and military aerospace and ground defense industries, providing OEM heat transfer solutions and aviation accessories, MRO services for aviation components, including heat transfer solutions, overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps and MRO services on APU’s, landing gears and other aircraft components for airlines, air cargo carriers, maintenance service centers and the military. For more information, please visit www.tat-technologies.com.

Forward-Looking Statements

This press release 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 operating results, demand conditions, supply chain conditions, customer relationships, backlog conversion, market position, and growth prospects. 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 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, the war and hostilities between Israel and Hamas, Hezbollah and Iran, regional shipping disruptions and other risks detailed from time to time in the Company’s filings with the Securities and 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. The Company undertakes no obligation to update publicly or revise any forward-looking statement.

Contact:

Eran Yunger
Director of IR
Tel: +1-980-451-1115
erany@tat-technologies.com

UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS 

U.S dollars in thousands

June 30,

December 31,

2026

2025

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$54,629

$51,259

Accounts receivable, net of allowance for credit losses of $228
and $172 as of June 30, 2026, and December 31, 2025,
respectively 

 

38,813

 

33,420

Inventory

85,189

75,549

Prepaid expenses and other current assets

7,041

6,071

Total current assets

185,672

166,299

NON-CURRENT ASSETS:

Property, plant and equipment, net

47,001

46,922

Operating lease right of use assets

5,285

5,807

Intangible assets, net

1,884

1,452

Investment in affiliates

5,726

4,905

Funds in respect of employee rights upon retirement

446

398

Deferred tax assets

573

639

Restricted deposit

–

307

Total non-current assets

60,915

60,430

Total assets

$246,587

$226,729

 

 

TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS  

U.S dollars in thousands

June 30,

December 31,

2026

2025

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:

Current maturities of long-term debts

$164

$2,227

Accounts payable

18,531

12,986

Accrued expenses and other current liabilities

18,309

17,296

Current maturities of operating lease liabilities

1,459

1,474

Total current liabilities

38,463

33,983

NON-CURRENT LIABILITIES:

    Long-term debts, net

11,018

9,485

Operating lease liabilities

4,032

4,448

Liability in respect of employee rights upon retirement

853

770

Deferred tax liabilities

3,286

1,652

 Total non-current liabilities

19,189

16,355

COMMITMENTS AND CONTINGENCIES (NOTE 7)                                                

–

–

Total liabilities

57,652

50,338

 

SHAREHOLDERS’ EQUITY:

Ordinary shares of NIS 0 par value

Authorized: 19,000,000 shares at June 30, 2026, and at December 31, 2025

Issued:13,272,610 shares at June 30, 2026, and 13,257,610 shares at December
31, 2025 

Outstanding: 12,998,137 shares at June 30, 2026, and 12,983,137 shares
at December 31, 2025

–

–

Additional paid-in capital

137,567

136,578

Treasury stock at cost

(2,088)

(2,088)

Accumulated other comprehensive income

727

643

Retained earnings

52,729

41,258

Total shareholders’ equity

188,935

176,391

Total liabilities and shareholders’ equity

$246,587

$226,729

 

 

TAT TECHNOLOGIES LTD. 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME

U.S dollars in thousands

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Revenues:

Products

$15,329

$12,463

$29,235

$25,187

Services

37,609

30,641

64,850

60,059

52,938

43,104

94,085

85,246

Costs:

Products

10,775

9,112

20,874

17,443

Services

28,843

23,167

49,860

47,024

39,618

32,279

70,734

64,467

Gross profit

13,320

10,825

23,351

20,779

Operating expenses:

Research and development, net

535

240

1,106

564

Selling and marketing

2,530

2,185

4,712

4,113

General and administrative

4,632

3,965

8,925

7,497

7,697

6,390

14,743

12,174

Operating income

5,623

4,435

8,608

8,605

Gain on sale of equity investment

4,324

–

4,324

–

Interest expenses

(182)

(324)

(330)

(659)

Other financial expenses, net

(368)

(776)

(181)

(499)

Income before taxes on income

9,397

3,335

12,421

7,447

Provision for income taxes

1,911

211

2,056

803

Income before share of equity investment

7,486

3,124

10,365

6,644

Share in profits of equity investment
of affiliated companies

585

318

1,106

611

Net income

$8,071

$3,442

$11,471

$7,255

 

 

TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME 

U.S dollars in thousands, except share and per share data 

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Earnings per share

Basic

$0.62

$ 0.30

$0.88

$ 0.65

Diluted

$0.61

$ 0.30

$0.87

$ 0.64

Weighted average number of shares
outstanding

Basic

12,987,471

11,447,986

12,985,316

11,196,992

Diluted

13,131,610

11,666,309

13,164,168

11,409,488

 

TAT TECHNOLOGIES LTD. 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 

U.S dollars in thousands

Three Months Ended

 June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Net income

$8,071

$3,442

$11,471

$7,255

Other comprehensive income (loss), net:

Change in foreign currency translation adjustments

(100)

148

91

676

Net unrealized losses from derivatives

(7)

–

(7)

–

        Total comprehensive income

$7,964

$3,590

$11,555

$7,931

 

TAT TECHNOLOGIES LTD. 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY 

U.S dollars in thousands, except share data 

Share capital

Accumulated

Number of
shares issued

Amount

Additional
paid-in
capital

other 
comprehensive
income

Treasury shares

Retained earnings

Total equity

BALANCE AT MARCH 31, 2025

11,214,831

$-

$89,919

$452

$(2,088)

$28,249

$116,532

CHANGES DURING THE THREE MONTHS ENDED JUNE 30, 2025:

Comprehensive income

–

–

–

148

–

3,442

3,590

Exercise of stock option

79,633

–

–

–

–

–

–

Issuance of common shares on public offering, net of issuance costs of
$2,769

1,625,000

–

39,415

–

–

–

39,415

Exercise of the underwriters’ option on public offering, net of issuance
costs of $413

242,298

–

5,953

–

–

–

5,953

Share based compensation

–

–

291

–

–

–

291

BALANCE AT JUNE 30, 2025 

13,161,762

$ –

$135,578

$600

$(2,088)

$31,691

$165,781

BALANCE AT MARCH 31, 2026

13,257,610

$-

$137,071

$834

$(2,088)

$44,658

$180,475

CHANGES DURING THE THREE MONTHS ENDED JUNE 30, 2026:

Comprehensive income

–

–

–

(107)

–

8,071

7,964

Exercise of stock option

15,000

–

136

–

–

–

136

Share based compensation

–

–

360

–

–

–

360

BALANCE AT JUNE 30, 2026

13,272,610

$-

$137,567

$727

$(2,088)

$52,729

$188,935

 

TAT TECHNOLOGIES LTD. 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY 

U.S dollars in thousands, except share data 

Share capital

Accumulated

Number of
shares issued

Amount

Additional
paid-in
capital

other
comprehensive
income (loss)

Treasury shares

Retained earnings

Total equity

BALANCE AT DECEMBER 31, 2024 

11,214,831

$-

$89,697

$(76)

$(2,088)

$24,436

$111,969

CHANGES DURING THE SIX MONTHS ENDED JUNE 30, 2025:

Comprehensive income

–

–

–

676

–

7,255

7,931

Exercise of option

79,633

–

–

–

–

–

–

Issuance of common shares on public offering, net of issuance costs of
$2,769

1,625,000

–

39,415

–

–

–

39,415

Exercise of the underwriters’ option on public offering, net of issuance
costs of $413

242,298

–

5,953

–

–

–

5,953

Share based compensation

–

–

513

–

–

–

513

BALANCE AT JUNE 30, 2025

13,161,762

$-

$135,578

$600

$(2,088)

$31,691

$165,781

BALANCE AT DECEMBER 31, 2025

13,257,610

$-

$136,578

$643

$(2,088)

$41,258

$176,391

CHANGES DURING THE SIX MONTHS ENDED JUNE 30, 2026:

Comprehensive income

–

–

–

84

–

11,471

11,555

Exercise of option

15,000

–

136

–

–

–

136

Share based compensation

–

–

853

–

–

–

853

BALANCE AT JUNE 30, 2026

13,272,610

$-

$137,567

$727

$(2,088)

$52,729

$188,935

 

TAT TECHNOLOGIES LTD. 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

U.S. dollars in thousands

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income 

$8,071

$3,442

$11,471

$7,255

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

1,391

1,208

2,704

2,513

Non-cash financial expenses

21

600

352

508

Gain on sale of equity investment (Note 4)

(4,324)

–

(4,324)

–

Change in allowance for credit losses

(14)

75

55

25

Share in profits of equity investment of affiliated companies

(585)

(318)

(1,106)

(611)

Share based compensation

360

291

853

513

Deferred income taxes, net

1,615

63

1,700

582

Changes in operating assets and liabilities:

Decrease (increase) in trade accounts receivable

(8,342)

882

(5,448)

(2,594)

Increase in inventory

(3,453)

(3,434)

(9,883)

(7,295)

Decrease (increase) in prepaid expenses and other current assets

1,445

1,697

(812)

1,183

Increase in trade accounts payable

2,403

2,972

4,874

3,406

Increase (decrease) in accrued expenses and other current liabilities

850

(529)

952

(3,571)

Net cash provided by (used in) operating activities

(562)

6,949

1,388

1,914

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of equity investment

4,493

–

4,493

–

Purchase of property and equipment

(1,139)

(3,305)

(2,559)

(6,167)

Net cash provided by (used in) investing activities

3,354

(3,305)

1,934

(6,167)

CASH FLOWS FROM FINANCING ACTIVITIES:

Repayment of short-term debts

–

(10,719)

–

(4,350)

Repayments of long-term debts

(10,721)

(516)

(11,272)

(1,087)

Proceeds from issuance of ordinary shares and exercise of the underwriters’ option

–

48,550

–

48,550

Issuance costs of ordinary shares and exercise of the underwriters’ option

–

(2,820)

–

(2,820)

Proceeds from long term debt, net

10,877

–

10,877

–

Proceeds from exercise of options

136

–

136

–

Net cash provided by (used in) financing activities

292

34,495

(259)

40,293

Net increase in cash and cash equivalents and restricted cash

3,084

38,139

3,063

36,040

Cash and cash equivalents and restricted cash at beginning of period

51,545

5,335

51,566

7,434

Cash and cash equivalents and restricted cash at the end of period

$54,629

$43,474

$54,629

$43,474

Supplementary information on investing and financing activities not involving cash flows:

   Additions of operating lease right-of-use assets and operating lease liabilities

$217

$1,688

$299

$1,835

   Reclassification between inventory and property, plant and equipment

–

–

–

579

   Unpaid issuance costs on long term debt and issuance of shares

152

362

152

362

   Unpaid addition to property and equipment and intangible assets

1,140

951

1,140

951

Supplemental disclosure of cash flow information:

   Interest paid

154

249

303

516

   Taxes paid

79

176

192

195

 

 RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP)  (UNAUDITED)

 

TAT TECHNOLOGIES LTD.

RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP)  (UNAUDITED)

U.S dollars in thousands

Three months ended

Six months ended

June 30,

June 30,

2026

2025

2026

2025

Net income

$8,071

$3,442

$11,471

$7,255

Adjustments:

Share in profits of equity investment of affiliated companies

(585)

(318)

(1,106)

(611)

Provision for income taxes

1,911

211

2,056

803

Interest expenses

182

324

330

659

Gain on sale of equity investment

(4,324)

–

(4,324)

–

Other financial expenses, net

368

776

181

499

Depreciation, amortization and others

1,445

1,328

2,820

2,691

Share based compensation

360

291

853

513

Adjusted EBITDA

$7,428

$6,054

$12,281

$11,809

 

 

TAT TECHNOLOGIES LTD.

ADJUSTED NET INCOME ATTRIBUTABLE TO TAT TECHNOLOGIES LTD.  (UNAUDITED)

U.S. dollars in thousands

Three months ended

Six months ended

June 30,

June 30,

2026

2025

2026

2025

Net income

$8,071

$3,442

$11,471

$7,255

Adjustments:

Gain on sale of equity investment

(4,324)

–

(4,324)

–

Income tax impact

908

–

908

–

Adjusted net income

$4,655

$3,442

$8,055

$7,255

 

Earnings per share

Basic                                                           

$0.62

$ 0.30

$0.88

$ 0.65

Diluted

$0.61

$ 0.30

$0.87

$ 0.64

Adjusted earnings per share                     

Basic

$0.36

$ 0.30

$0.62

$ 0.65

Diluted

$0.35

$ 0.30

$0.61

$ 0.64

 

 

View original content:https://www.prnewswire.com/news-releases/tat-technologies-reports-record-second-quarter-2026-results-302843077.html

SOURCE TAT Technologies Ltd

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Technology

Fibocom LTE Cat.1 bis Modules: Starlink DTC Field Test Report

Published

59 minutes ago

on

November 8, 2026

By

AUCKLAND, New Zealand, Nov. 8, 2026 /PRNewswire/ — Fibocom’s LE270-EU and LE271-GL LTE Cat.1 bis modules have successfully connected to the SpaceX Direct to Cell (DTC) satellite network during live-network testing in New Zealand. Using standard firmware and without adding satellite-specific hardware modifications, both modules successfully registered on the network, established IP data sessions, and transmitted data over the satellite link. Testing across outdoor, in-vehicle, and indoor environments also provided insights into real-world connectivity performance under different conditions.

Extending LTE Beyond Terrestrial Coverage

For asset trackers, environmental monitoring devices, and other IoT equipment deployed in remote agricultural areas, mountainous regions, or locations with limited cellular coverage, satellite connectivity offers an additional way to keep devices connected.

Traditionally, adding satellite capabilities can introduce additional hardware requirements, power consumption, and development costs. This raises an important question for IoT device manufacturers: Can existing LTE designs be extended to support satellite connectivity without adding dedicated satellite communication hardware?

LTE Cat.1 bis offers a practical balance of data performance, mobility, power consumption, and cost for a broad range of IoT applications. SpaceX Direct to Cell extends the reach of cellular technology by deploying LTE base station capabilities on low Earth orbit (LEO) satellites and operating through partnerships with mobile network operators.

For compatible LTE devices that meet the relevant network access requirements, satellites can provide an additional connectivity option beyond terrestrial cell towers.

This creates opportunities for OEMs to explore satellite-enabled IoT applications while retaining their existing LTE hardware architecture, potentially reducing the complexity of introducing satellite connectivity into established device designs.

Real-World Performance Across Two Environments

Establishing a satellite connection is only part of the equation. For IoT applications, reliable data transfer and the ability to operate under varying coverage conditions are equally important.

Under open-sky conditions, both modules successfully established satellite data connections and demonstrated practical data throughput.

During outdoor and in-vehicle testing with good sky visibility, the LE270-EU achieved approximately 2.2 Mbps downlink throughput, while the LE271-GL reached approximately 2.0 Mbps. Both modules delivered around 0.3 Mbps uplink throughput, with network registration taking approximately 1–30 seconds and ping response rates ranging from 80% to 90%.

The modules were also able to register and exchange data under weak-signal conditions, demonstrating the feasibility of standard LTE connectivity over a live satellite network.

In indoor environments with obstructed sky visibility, connectivity performance varied more significantly.

When tested inside a hotel room, downlink throughput dropped to approximately 0.5 Mbps in some test scenarios, while ping response rates were around 65%–70%. Some data requests also experienced noticeably longer response times.

These findings highlight both the potential and the practical considerations of satellite-enabled IoT connectivity.

For applications such as asset tracking and agricultural monitoring, which typically transmit small amounts of data at regular intervals, the priority is not necessarily to match terrestrial LTE speeds. Instead, satellite connectivity can provide an additional path for transmitting location updates, device status, and sensor readings when terrestrial coverage is unavailable.

Designed for Practical IoT Deployment

Extending connectivity beyond terrestrial networks is valuable, but IoT devices must still meet fundamental requirements for size, power efficiency, and development cost, particularly in battery-powered applications designed to operate unattended for extended periods.

Fibocom’s LE270 and LE271 series LTE Cat.1 bis modules feature a compact 17.7 × 15.8 × 2.4 mm form factor and Power Saving Mode (PSM) current as low as 2.5 μA. With OpenCPU development capabilities and a range of peripheral interfaces, the modules offer flexibility for compact device designs, integrated applications, and power-sensitive IoT deployments.

Satellite connectivity also introduces different considerations for power management.

In the field tests, uploading the same file over the satellite connection required approximately 1.5–1.8 times the energy consumed over a terrestrial cellular connection. The increase was primarily associated with longer transmission times, higher transmit current, and data retransmissions. Meanwhile, the modules maintained their low PSM sleep current.

For battery-powered IoT devices, combining low-power hardware with an appropriate data reporting strategy is essential. Adjusting reporting intervals, buffering data during temporary connectivity interruptions, and retrying transmissions when the link becomes available can help devices operate more effectively under variable satellite network conditions.

The testing has also provided Fibocom with practical engineering insights into satellite network access, data transmission, and connectivity performance across different environments.

Building on these results, Fibocom is continuing to optimize DTC firmware compatibility for the LE270 and LE271 series, with a focus on improving network registration efficiency and connection resilience. These efforts will further support device manufacturers exploring satellite connectivity for asset tracking, remote monitoring, and other IoT applications.

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets. Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fibocom-lte-cat1-bis-modules-starlink-dtc-field-test-report-302930788.html

SOURCE Fibocom Wireless Inc.

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Budget 2026: Masters of our Destiny – Minister Miller announces the rollout of $600 million targeted support to Canada’s audio and audiovisual sectors

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November 8, 2026

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As announced in Budget 2026, the Government of Canada is providing important measures to support the audio and audiovisual sectors, and to protect access to public service media, productions from official language minority communities, Indigenous content, accessible programming, and local news.

GATINEAU, QC, Nov. 8, 2026 /CNW/ — In an increasingly turbulent world, Canada is determining its future. The federal Budget 2026 aims to make Canadians masters of their own destiny. The Canadian audio and audiovisual sectors are a major source of economic activity and jobs as well as a cornerstone of our country’s cultural sovereignty. 

Budget 2026 confirmed a $600 Million dollar investment in the audio and audiovisual sectors for this fiscal year. Today, the Honourable Marc Miller, Minister of Canadian Identity and Culture and Minister responsible for Official Languages, announced the funding rollout of these significant funds that will provide stability and direct support to the sectors while longer-term policy, regulatory and market conditions evolve.

The Government will focus on stabilizing Canada’s audio, audiovisual and news sectors while keeping Canadian culture accessible and affordable. To ensure rapid and effective delivery, the funding will be delivered through the following six existing programs and institutions that have proven efficiency and have trusted industry funding tools:

Canada Media Fund,Indigenous Screen Office,Canada Music Fund,Northern Aboriginal Broadcasting,Canada History Fund, andTelefilm Canada.

This new direct funding allocation will support Canada’s creativity, arts and culture by ensuring that:

Canada’s audio and audiovisual sectors become more competitive and resilient;Canadians can continue to consume homegrown content on multiple platforms;A broad range of Canadian music is consumed in Canada and abroad;More Indigenous people work on audiovisual content production and lead such projects and, so that the overall representation of Indigenous peoples in audiovisual media is improved; andCanadians across the country can experience stories that bring Canada’s history to life.

The funding rollout details as well as its administration and implementation are listed in the attached backgrounder.

Partnering organizations and programs will provide more details on their specific funding components as soon as possible.

Quotes

“Strengthening our audio and audiovisual sectors is at the core of protecting Canada’s sovereignty, our culture and our languages. With this crucial support, we will provide direct funding and much-needed stability so that our country’s artists, storytellers, creative entrepreneurs and cultural organizations can continue creating Canadian content that reflects who we are and helps us remain masters of our destiny.”

–Marc Miller, Minister of Canadian Identity and Culture and Minister responsible for Official Languages

Quick Facts

In June, the government announced it would update the directions to the CRTC on regulating online streaming services, with a focus on affordability, and that it would invest $600 million to provide stability and support to Canada’s audio and audiovisual sectors.Canadian culture, including the music, audio and audiovisual sectors, are strategic assets and key economic drivers that directly contributed $69.1 billion to the GDP in 2025 and employed 687,824 people as of March 31, 2026.

Related Products

Budget 2026: Masters of our destiny – Backgrounder: Administration and implementation of $600 Million targeted support for Canada’s audio and audiovisual sectorsGovernment of Canada announces immediate support to strengthen Canadian culture and ensure Canadian content remains affordable

Associated Links

Budget 2026: Masters of our destiny Canada Media Fund Indigenous Screen Office program Canada Music Fund Northern Aboriginal Broadcasting Canada History Fund Telefilm Canada 

Budget 2026: Masters of our destiny – Backgrounder: Administration and implementation of $600 Million targeted support for Canada’s audio and audiovisual sectors

Following the announcement of Budget 2026, the Honourable Marc Miller, Minister of Canadian Identity and Culture and Minister responsible for Official Languages, today announced the funding rollout of the $600 Million investment that will provide stability and direct support to Canada’s audio and audiovisual sectors while longer-term policy, regulatory and market conditions evolve.

The Government will focus on stabilizing Canada’s audio, audiovisual and news sectors while keeping Canadian culture accessible and affordable. It will help sustain public-interest programming, local and community media, official language minority community production, the production and promotion of Canadian and Indigenous content, and the continued operation of services of exceptional importance.
This list provides details of the funding administration and implementation.

This list provides details of the funding administration and implementation.

List of organizations and funding mechanisms that will distribute the funding support

Recipient

Funding allocation description

Funded
amount

Canada Media Fund Corporation

 

 

 

Certified Independent Production Funds, the Broadcasting Accessibility Fund, the Independent Local News Fund and Commercial Radio News Fund, the Community Radio Fund, the Broadcasting Participation Fund and Public Service Media

Canada Media Fund Corporation:

This funding will help sustain Canadian content creation and mitigate the impact of declining private-sector contributions from cable and satellite companies, as well as expected contributions from international streaming platforms. The Canada Media Fund Corporation will rapidly deploy the new funding through enhancements to existing programs and the introduction of new initiatives that will support the entire value chain of the industry: from training, to creation, to production, to promotion, to sector and business development. Priority areas will also include francophone programming, children and youth content, interactive digital media (IDM), distribution and export initiatives. As an independent not-for-profit, the Canada Media Fund Corporation will allocate these funds through its programs based on industry needs.

 

Various independents funds:

Delivered by the Department of Canadian Heritage, this funding will include:

Certified Independent Production Funds such as the Black Screen Office, Canadian Independent Screen Fund, Broadcasting Accessibility Fund, Bell Fund, Independent Production Fund, TELUS Fund, Quebecor Fund, Shaw Rocket Fund, Vox Fund and M.É.D.I.A Fund. These will support diverse, accessible and inclusive content and official languages minorities communities;

The Independent Local News Fund and Commercial Radio News Fund will sustain independent local television and commercial radio news, through the Canadian Association of Broadcasters; the Community Radio Fund will strengthen community radio through operational support and sector development;

Together, these investments will extend supported activities beyond content production to address priorities across the broader broadcasting ecosystem, including diversity and accessibility, local news, community radio and public participation in the broadcasting system; The Public Service Media component will be used to deliver additional support to Services of Exceptional Importance, such as the Canadian Public Affairs Channel, Aboriginal Peoples Television Network and TV5 Québec Canada. Funding will ensure the continued operation of these services through support for technology modernization, infrastructure renewal, digital transformation, programming, production, discoverability, accessibility and preservation. This funding would serve as a bridge toward the implementation of a Services of Exceptional Importance Fund.

Certified Independent Production Funds: $44M

Independent Local News Fund: $80M

Commercial Radio News Fund: $11.5M

Community Radio Fund: $7.5M

Services of exceptional importance: $42.1M

$213.4 million

 

 

 

$185.1 million

Indigenous Screen Office

The Indigenous Screen Office will support the Indigenous audiovisual sector and for the production, promotion and discoverability of Indigenous audiovisual content in Canada and abroad. The funding will help grow Indigenous content creation, support the development of this sector and increase international collaborations between Indigenous creators from Canada and abroad. The Indigenous Screen Office corporation, as an Indigenous-led and independent third party, will allocate funding through its programs based on industry needs.

$51 million

Canada Music Fund

Canadian Heritage’s Canada Music Fund will provide support for the production and promotion of Canadian and Indigenous music. This funding will be further distributed by the Canada Music Fund’s two current initial recipients, the Foundation Assisting Canadian Talent on Recordings (FACTOR) and Fondation Musicaction (Musicaction) and three new initial recipients: the Canadian Starmaker Fund, Fonds RadioStar, and the Indigenous Music Office (IMO).

FACTOR: $31.5M

Musicaction: $21.0M

Canadian Starmaker Fund: $5.7M

Fonds RadioStar : $3.8M

IMO : $5.0M

$67 million

Northern Aboriginal Broadcasting

Canadian Heritage will fund culturally relevant Indigenous radio and television content through its Northern Aboriginal Broadcasting program. The funding will benefit Indigenous broadcasters to continue preserving, promoting and revitalizing Indigenous languages and provide platforms for Indigenous audiences to discuss issues important to their communities.

$10 million

Canada History Fund

Through the Canada History Fund, Canadian Heritage will provide funding to support audiovisual programming and related costs.

Up to $5 million

Telefilm Canada

Telefilm Canada will allocate its funding to support the sustainability and growth of the audiovisual industry, as well as the competitiveness and international reach of Canadian and Indigenous feature films, with an audience-driven approach. As a Crown corporation, Telefilm Canada will receive funding through parliamentary appropriations.

$68.5 million

Total targeted support to Canada’s audio and audiovisual sectors in 2026-2027

$600 million

Note: In June, the government announced it would update the directions to the CRTC on regulating online streaming services, with a focus on affordability.

SOURCE Canadian Heritage

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KeyStone Solutions Wins 2026 MSP 501 Vanguard Award for Innovation

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5 hours ago

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November 8, 2026

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KeyStone Solutions, a managed IT and cybersecurity provider based in Cleveland, Tennessee, has won the 2026 MSP 501 Vanguard Award from Channel Partners and MSP Summit. The award recognizes managed service providers at the forefront of technology and service innovation.

CLEVELAND, Nov. 8, 2026 /PRNewswire-PRWeb/ — KeyStone Solutions, LLC has won the 2026 MSP 501 Vanguard Award from Channel Partners and MSP Summit. The award was presented Sept. 30 at the MSP 501 Gala during the MSP Summit in Orlando, Fla.

“Our team has done tremendous work over the last year to modernize and automate our service delivery.” Preston West, CEO, KeyStone Solutions

The MSP 501 Special Awards are application-based. A panel of industry leaders, including top global MSPs, analysts and past award recipients, judges each entry.

The Vanguard Award goes to a company at the forefront of technology and service innovation in the managed services channel, including AI, cybersecurity and cloud. Winners use original thinking to meet clients’ needs and to drive their own financial success.

“We are honored to be recognized. Our team has done tremendous work over the last year to modernize and automate our service delivery. I couldn’t be prouder of their hard work and their focus on the customer experience,” said Preston West, CEO of KeyStone Solutions.

“To qualify for the Vanguard award, companies had to document what they have done in terms of innovative and original thinking in meeting clients’ needs and how this has contributed to the company’s overall financial success,” said Dave Raffo, MSP 501 editor who oversees the awards process. “These are among the most innovative MSPs in the world.”

“The MSP 501 Special Awards represent the pinnacle of achievement in the managed services industry, recognizing organizations and individuals who have demonstrated extraordinary leadership, innovation, and impact,” said Robert DeMarzo, VP Content, Informa Channels, which conducts the MSP 501 survey each year.

About KeyStone Solutions, LLC

KeyStone Solutions is a managed IT and cybersecurity company based in Cleveland, Tennessee. Since 2006, KeyStone has worked as the IT department for hundreds of small and mid-sized businesses, with customers headquartered in 15 states. Its ITTaaS® (IT Team as a Service) offering delivers help desk support and cybersecurity, with optional vCISO and GRC services, and the company now provides AI services. KeyStone holds a SOC 2 Type II report and is a Microsoft 365 Solutions Partner. Learn more at keystone.solutions.

About Channel Partners, MSP Summit and the MSP 501

Channel Partners Conference & Expo and MSP Summit serve the global community of technology advisors, managed service providers, channel partners and technology suppliers, and run the MSP 501, which honors the world’s top-performing managed service providers. Learn more at themspsummit.com.

Media Contact

Richard King, KeyStone Solutions, 1 4234646424, rking@keystone.solutions, www.keystone.solutions

Dave Raffo, Informa, david.raffo@informa.com, informa.com

View original content:https://www.prweb.com/releases/keystone-solutions-wins-2026-msp-501-vanguard-award-for-innovation-302932350.html

SOURCE KeyStone Solutions

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