Elbit Systems Completes Acquisition Of Universal Avionics Systems Corporation | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited-09-17-18

Airborne Unmanned-09.18.18

Airborne Unlimited-09.12.18

AMA Drone Report-09.13.18

Airborne Unlimited-09.14.18

Airborne-YouTube

Airborne Unlimited-09-17-18

Airborne Unmanned-09.18.18

Airborne Unlimited-09.12.18

AMA Drone Report-09.13.18

Airborne Unlimited-09.14.18

Fri, Apr 13, 2018

Elbit Systems Completes Acquisition Of Universal Avionics Systems Corporation

Acquisition Significantly Enhances Elbit Systems' Position In The Commercial Aviation Market

Elbit Systems Ltd. has completed the acquisition of the assets and operations of the privately-owned U.S. company Universal Avionics Systems Corporation ("Universal Avionics") for a purchase price of approximately $120 million.  

Headquartered in Tucson Arizona, and operating in several facilities across the U.S., Universal Avionics is a developer and manufacturer of commercial avionics systems for the retrofit and forward-fit market, for a wide range of fixed and rotary aircraft types. Universal Avionics' solutions include Flight Management Systems (FMS), displays, communication systems, complete cockpit solutions and additional advanced commercial avionics systems, which are complementary to Elbit Systems' internationally successful commercial avionics systems, Enhanced Flight Vision Systems (EFVS) and Head-Up Display (HUD) product line.

This acquisition will enable the Company to offer a broad portfolio of advanced end-to-end cockpit solutions for commercial OEMs and Aftermarket customers.

Following the acquisition, Universal Avionics' business will continue to operate, with the same management and workforce and under the same name, as a wholly-owned U.S. subsidiary of Elbit Systems.

"We have been providing unique enhanced flight vision and head up display systems for commercial aviation platforms for the last several years and see this business line as a key growth engine," said Bezhalel (Butzi) Machlis, Elbit Systems President & CEO. "Elbit Systems and Universal Avionics share the same DNA of innovation and technological leadership, and our combined portfolio creates synergies that will strengthen our competitive position. I welcome the management and employees of Universal Avionics to Elbit Systems, and I believe that their skills and experience will greatly contribute to our activity in the commercial aviation area."

(Source: Elbit Systems news release)

FMI: www.uasc.com, www.elbitsystems.com

Advertisement

More News

Aero-TV: The Sling TSi - The Ultimate Affordable Four Seater?

Four-Place Aircraft Powered By Rotax 914 Turbo The Airplane Factory brought its new Sling TSi to AirVenture 2018. The Sling TSi is a four-place turbocharged kit aircraft from the S>[...]

Aero-TV: Light, Adaptable, Innovative - Clarity Aloft Intro’s the Flex!

Clarity Aloft Introduces The TSO Certified Flex Headset The newest addition to the Clarity Aloft headset range is a big departure from previous designs and ushers in a new standard>[...]

Airborne-Unmanned 09.18.18: Airware Grounded, AUVSI Urges Congress, LMC And DRL

Also: DroneInsurance.com And AirMap, EagleView And PrecisionHawk, Laser-Carrying Drones, Army Drones Claiming to offer, “... a cloud-based platform to manage, process, view, >[...]

Airborne-Unmanned 09.18.18: Airware Grounded, AUVSI Urges Congress, LMC And DRL

Also: DroneInsurance.com And AirMap, EagleView And PrecisionHawk, Laser-Carrying Drones, Army Drones Claiming to offer, “... a cloud-based platform to manage, process, view, >[...]

Airborne 09.17.18: Round The World Spitfire, Reno MidAir, Loon Program

Also: NATA Leadership, Navy Presents DFC, Wright Brothers Memorial, Orion Parachute Tests We rarely get jealous of our fellow aviators but a recent announcement has definitely insp>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC