Elbit Systems Ltd. Completes Acquisition of Universal Avionics
TUCSON, AZ – April 11, 2018 – Universal Avionics Systems Corporation (“UA”) announces the completion of its acquisition by Elbit Systems Ltd. (NASDAQ and TASE: ESLT). As a wholly-owned subsidiary of Elbit Systems, the company will lead commercial sales in North America for Elbit Systems’ Aerospace Division’s Commercial Aviation Business Line.
“Combining our product offering with Elbit Systems’ strengthens our position in the market,” said Paul DeHerrera, UA Chief Executive Officer. “Our vision is to be the premier cockpit avionics supplier for the commercial aviation market, providing a fully-integrated ‘heads-up’ and ‘heads-down’ experience for pilots by combining Elbit’s commercial HUD (Head-up Display) technology with UA’s FMS and display systems,” he added. “Our complete solution will support forward-fit and retrofit aircraft including fixed-wing and helicopters.”
Elbit Systems’ acquisition of UA brings forward an innovative opportunity to the market that until now, hadn’t existed. The marketplace can expect new commercial avionics technology offerings as two product lines combine to create some of the most forward-thinking technology in cockpit avionics.
About Universal Avionics
Universal Avionics is a leading manufacturer of innovative commercial 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, visit www.uasc.com/company/about.
