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TAT Technologies Reports Record Second Quarter 2026 Results

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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

Real Estate Expert Matt Nuzie Explains Buying and Selling a Home at the Same Time

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By

The article explains how homeowners can plan their finances, decide whether to buy or sell first, and coordinate closing dates when moving from one home to the next.

TRUMBULL, Conn., Nov. 9, 2026 /PRNewswire/ —

KEY HIGHLIGHTS 

Selling a current home first brings financial certainty, while buying first offers more flexibility with the move. Mortgage options and home sale contingencies often determine how homeowners can manage two transactions at once. Building a cushion into closing dates and setting aside extra savings helps homeowners handle delays without added pressure. 

How can homeowners manage buying and selling a home at the same time? A HelloNation article provides the answer, featuring insights from Matt Nuzie, Real Estate Expert with REMAX Right Choice in Trumbull, Connecticut. The newly published article explains how financial planning, mortgage options, and closing dates affect both sides of the move. 

Should You Buy or Sell Your Home First? 

The article explains that selling your current home first gives homeowners certainty. Once the sale closes, they know exactly what they have for a down payment and a price range. 

Selling first also removes the risk of carrying two homes. The trade-off is that homeowners may need temporary housing, storage, or two moves. 

Buying a new home first lets homeowners move on their own schedule. The article notes that it can mean covering two mortgage payments, property taxes, insurance, and utilities, so a conversation with a lender should come before any offer. 

How Do Mortgage Options Affect Buying and Selling? 

According to the article, mortgage options often decide the order. Some buyers need the equity from their current home for a down payment, while others qualify for financing that lets them buy before selling. 

Matt Nuzie recommends reviewing income, savings, and the current mortgage with a lender before touring homes.  A home sale contingency makes a purchase dependent on selling the buyer’s current home. It offers protection, but many sellers prefer offers without one when they have several to choose from. 

Why Are Closing Dates Important? 

Matt Nuzie notes that scheduling both closings close together lets homeowners move directly from one home to the next. 

Closings can be delayed for ordinary reasons, such as a lender’s request for documents or an inspection issue, so building in some breathing room is wise. 

A rent-back agreement can let sellers stay in the home for an agreed period after closing. Short-term temporary housing is another option when the dates don’t line up. 

How Can Homeowners Prepare for Unexpected Costs? 

The article recommends starting early on cleaning, small repairs, and listing photos, since they often take longer than expected. 

Moving, storage, repairs, and temporary housing can add up quickly, so setting aside extra savings helps. 

Matt Nuzie also emphasizes keeping the real estate agent, lender, and attorney informed of deadlines, and reading contract terms closely before signing. 

How to Buy and Sell a Home at the Same Time features insights from Matt Nuzie, Real Estate Expert of Trumbull, Connecticut, in HelloNation. 

FREQUENTLY ASKED QUESTIONS 

Is It Better to Buy or Sell a Home First? 

According to Matt Nuzie, it depends on your finances, your moving plans, and the local real estate market. Selling first brings financial certainty, while buying first offers more flexibility with the move. 

What Is a Home Sale Contingency? 

Matt Nuzie explains through insights featured in the article that a home sale contingency makes a purchase dependent on selling an existing home. It offers protection, though many sellers prefer offers without one. 

Can You Close on Two Homes at the Same Time? 

The article explains that homeowners can schedule both closings close together. Financing or inspection delays can still shift the timing, so some cushion is wise. 

What Happens if Closing Dates Do Not Match? 

Based on insights from Matt Nuzie, Real Estate Expert of Trumbull, Connecticut, homeowners may consider a rent-back agreement or short-term temporary housing. Both can provide extra time between transactions. 

Matt Nuzie is a REALTOR® with REMAX Right Choice, 105 Technology Drive, Trumbull, CT 06611. Each Office Independently Owned and Operated. 

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UTulsa launches Access to Excellence Scholarship Fund with $4M Asbjornson family commitment

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TULSA, Okla., Nov. 9, 2026 /PRNewswire/ — The University of Tulsa has launched the Access to Excellence Scholarship Fund, a philanthropic initiative to help more students pursue a UTulsa education, with an additional $4 million commitment from the Asbjornson Foundation providing significant early support.

The fund builds on the university’s Access to Excellence tuition initiative and its commitment to put an exceptional private education within reach. In August, the university announced it would cap undergraduate tuition and required fees at $25,000 a year in fall 2027, making UTulsa the most affordable private research university in America’s heartland.

“This extraordinary investment by the Asbjornson family embodies what Access to Excellence means at a Top 75 private research institution and exemplifies the commitment of the Golden Hurricane community to pay it forward,” said President Stacy Leeds. “We are removing financial barriers while preserving everything that makes a University of Tulsa education exceptional. The Asbjornsons understand that unlocking higher education can transform not only a student’s future but also the future of Tulsa and our region. We are deeply grateful for their continued leadership.”

The Asbjornson Foundation’s generous gift will focus on transfer student aid:

A $1.3 million expendable fund will immediately provide scholarships for current transfer students whose annual tuition and fees exceed $25,000.A $2.7 million endowed fund will support undergraduate transfers studying engineering, computer science, data science, artificial intelligence, finance and entrepreneurship. Preference will be given to Tulsa Community College Honors Scholars, followed by other TCC transfer students and then qualified Tulsa-area students transferring from other accredited institutions.

“If students are concerned about taking on too much debt, they will be reluctant to pursue rigorous studies and challenging career paths. To ensure Tulsa’s economic success, we need Tulsa students to fulfill their potential,” said Scott Asbjornson (B.S.B.A. ’91, MBA ’95). “I hope others in our philanthropic community will join my family in supporting these deserving students.”

The scholarships are designed to cover recipients’ remaining tuition, fees, books and course materials after other aid is applied, eliminating the need for student loans to attend the university – excluding room, board and other non-mandatory fees.

“Our hope is that this investment removes barriers for talented students and creates opportunities for them to learn, explore and grow in ways that prepare them to lead with purpose,” Asbjornson said.

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SOURCE The University of Tulsa

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Lafayette Square Institute and the Center for USA Lending Launch Federal Credit Lab Platform

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Federal Credit Lab provides publicly available data visualizations and analysis on the allocation of federal credit across the U.S. economy. 

WASHINGTON, Nov. 9, 2026 /PRNewswire/ — Today, Lafayette Square Institute and the Center for USA Lending launched the Federal Credit Lab, a publicly available data and insights platform providing data and analysis of the U.S. government credit portfolio to generate actionable insights for policymakers, program administrators, researchers, and the public. 

The United States government is one of the largest lenders in the world. Its portfolio contains over $5 trillion in cumulative outstanding loans and loan guarantees. In Fiscal Year 2026 alone, Congress authorized nearly $1 trillion in new loan and loan guarantees spanning over 100 programs and 20 federal agencies.

Federal Credit Lab is a joint initiative of two nonprofit organizations, the Lafayette Square Institute and the Center for USA Lending, aimed at making this portfolio data more readily accessible to inform better program assessment, delivery, budgeting, and design.

“Federal credit is one of the most powerful and least understood sets of tools by which policymakers can mobilize private capital to address national challenges,” said Jack Moriarty, Executive Director of Lafayette Square Institute. “Our objective in building Federal Credit Lab with our partners at the Center for USA Lending is to enhance our collective understanding of this toolkit to inform the next generation of industrial policy and the allocation of capital to the people and places that need it.” 

“Modern systems and better information lead to better policy. The Federal Credit Lab puts that premise into practice. It is a platform that makes the government’s lending enterprise substantially more visible, accessible, and accountable. We see this as a foundation, one we hope to build on in partnership with federal credit agencies,” said Doug Criscitello, Executive Director of the Center for USA Lending.

“By applying analytics to the complex workflows across the federal credit portfolio, Lafayette Square Institute and the Center for USA Lending are creating conditions for government and capital markets to better serve workers and communities in every zip code,” said Damien Dwin, Founder and CEO of Lafayette Square and Board member of Lafayette Square Institute.

“The Federal Credit Lab platform aspires to make the world of federal credit accessible to a much wider audience of stakeholders by centralizing and unifying a previously disparate set of data sources,” said Laura Hohenberger, Senior Associate for Data Analytics and Policy at Lafayette Square Institute.

The launch of the Federal Credit Lab featured a joint event in Washington, D.C. that included a platform demo and expert speakers. Additional programming on select thematic areas in the federal credit portfolio is slated throughout 2027. Lafayette Square Institute and the Center for USA Lending invite public feedback on applied research questions for future analysis.

About Lafayette Square Institute
Lafayette Square Institute (LSI) is a nonprofit policy and data analytics platform committed to aligning private capital with the public interest. Through deep bipartisan relationships, innovative finance tools, and data analysis, LSI mobilizes investment in the people and places that need it. 

About Center for USA Lending
The Center for USA Lending is a nonpartisan organization advancing a modern, effective credit ecosystem. It connects public and private stakeholders, elevates borrower needs, and promotes the use of modern technology to ensure access to capital for the borrowers federal credit is intended to serve.

Contact: Laura Hohenberger, Senior Associate, Data Analytics and Policy, Lafayette Square Institute, hohenberger@lafayettesquareinstitute.org 

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SOURCE Lafayette Square Institute

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