Terms Of The Deal Not Disclosed

Elbit Systems has received government approval to acquire Universal Avionics Systems Corporation. The parties have received the applicable government approvals and the closing is anticipated to occur in the coming weeks. Under the ownership of Elbit Systems, Universal Avionics will become a wholly-owned subsidiary.

Few details have been made public about the sale. Universal Avionics is a leading manufacturer of innovative avionics systems offered as retrofit and forward-fit solutions for the largest diversification of aircraft types in the industry.

Elbit Systems produces advanced airborne systems and products to leading military aircraft manufacturers and end users designed to enhance operational capabilities and extend aircraft life cycles. The company's airborne systems provide a range of solutions from a single sensor to an entire cockpit avionics suite. We integrate our systems on fixed and rotary-wing, eastern and western, new and mature aircraft.

Under its aircraft and helicopter upgrade programs, they integrate advanced electronic, communication, navigation, electro-optic and EW systems. We support life cycle extension of our customers’ fleets and supply logistic support services for airborne platforms, including repair and maintenance centers, training and spare parts.

(Source: Elbit Systems news release)

FMI: elbitsystems.com