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., a U.S. manufacturer of flight management systems and retrofit avionics.
- Universal Avionics specializes in equipment for business aviation, airline, and military markets, and is recognized for developing the world's first fully integrated flight management system.
- The acquisition has received all necessary government approvals and is expected to close soon, though no financial or other details of the transaction were disclosed.
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