Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) has announced that it has completed the acquisition of the assets and operations of the privately owned US company Universal Avionics Systems Corporation for a purchase price of approximately USD 120 million, the company said.
Headquartered in Tucson Arizona, and operating in several facilities across the US, 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.
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 US subsidiary of Elbit Systems.
Universal Avionics is a manufacturer of innovative commercial avionics systems offered as retrofit and forward-fit solutions for a large diversification of aircraft types. To learn more about Universal Avionics, visit www.uasc.com/company/about.
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. For additional information, visit: www.elbitsystems.com,