Elbit Systems is in the process of completing the acquisition of Universal Avionics through an asset acquisition agreement.
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.
Universal Avionics is a manufacturer of innovative avionics systems offered as retrofit and forward-fit solutions for the largest diversification of aircraft types in the industry.
