Elbit Systems, the Israeli defense electronics company, has stuck a deal to acquire Universal Avionics Systems Corp., a maker of flight management systems, retrofit avionics suites and other equipment for business aviation, airline and military markets.
Elbit Systems to Buy Universal Avionics
Key Takeaways:
- Elbit Systems, an Israeli defense electronics company, is acquiring Universal Avionics Systems Corp.
- Universal Avionics is a U.S.-based manufacturer specializing in flight management systems and retrofit avionics for business, airline, and military markets.
- The acquisition has received all necessary government approvals and is expected to close in the coming weeks.
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