Elbit Receives Approval to Acquire Universal Avionics
Universal Avionics is in the process to become a wholly-owned subsidiary of Elbit Systems of America
Universal Avionics, March 22, 2018 - Tucson, AZ – Universal Avionics Systems Corporation announces that Elbit Systems Ltd. (NASDAQ and TASE: ESLT) is in the process of completing the acquisition of Universal Avionics through an asset acquisition agreement.
The parties have received the applicable government approvals and the closing is anticipated to occur in the coming weeks.
Under the ownership of Elbit Systems, Universal Avionics will become a wholly-owned subsidiary.
About Universal Avionics: Universal Avionics is a leading manufacturer of innovative avionics systems offered as retrofit and forward-fit solutions for the largest diversification of aircraft types in the industry. To learn more about Universal Avionics,