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 manufacturer of flight management systems and retrofit avionics.
- The acquisition has received all necessary government approvals and is expected to close soon, though financial details were not disclosed.
- Tucson-based Universal Avionics, founded in 1981, is known for its pioneering role in developing the world's first fully integrated flight management system and other innovative avionics products.
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