Elbit Systems to Acquire Universal Avionics Systems Corporation
IsraelDefense
| 22/03/2018
Universal Acquisition will allow offering complete cockpit solutions (Photo courtesy of Elbit Systems)
Elbit Systems announced today (Thursday) that it is in the process of completing the acquisition of the privately-owned US Company Universal Avionics Systems Corporation through an asset acquisition agreement.
The parties received the necessary government approvals for the transaction. The closing of the transaction is anticipated to occur in the coming weeks.
According to company information, Universal Avionics is a manufacturer of innovative avionics systems for business jets, turboprop aircraft, transport aircraft, helicopters, regional and commercial airliners used by corporate, military and airline operators. The company offers advanced avionics as a retrofit solution for the largest diversification of aircraft types in the industry.
Universal Acquisition will allow offering complete cockpit solutions (Photo courtesy of Elbit Systems)
Elbit Systems announced today (Thursday) that it is in the process of completing the acquisition of the privately-owned US Company Universal Avionics Systems Corporation through an asset acquisition agreement.
The parties received the necessary government approvals for the transaction. The closing of the transaction is anticipated to occur in the coming weeks.
According to company information, Universal Avionics is a manufacturer of innovative avionics systems for business jets, turboprop aircraft, transport aircraft, helicopters, regional and commercial airliners used by corporate, military and airline operators. The company offers advanced avionics as a retrofit solution for the largest diversification of aircraft types in the industry.
