Elbit will pay $120 million for Universal Avionics
11 April, 2018
Headquartered in Arizona, Universal Avionics develops and manufactures commercial avionics systems for the retrofit and forward-fit market. It will continue to operate as a wholly-owned subsidiary of Elbit Systems
Elbit Systems announced that it has completed the acquisition of the assets and operations of the privately-owned U.S. company Universal Avionics for a purchase price of approximately $120 million. Headquartered in Tucson Arizona, Universal Avionics develops and manufactures commercial avionics systems for the retrofit and forward-fit market, for fixed and rotary aircraft types, including Business, Helicopter, Airline (regional/commercial), Government/Military, Special Missions, and OEM platforms.
Among its products: Flight Management Systems (FMS), displays, communication systems, complete cockpit solutions and more. Elbit said that those systems are complementary to Elbit Systems’ commercial avionics systems, Enhanced Flight Vision Systems (EFVS) and Head-Up Display (HUD) product line. The acquisition will broaden Elbit’s portfolio of end-to-end cockpit solutions for commercial OEMs and After Market customers. Following the acquisition, Universal Avionics’ business will continue to operate, with the same management and workforce and under the same name, as a wholly-owned U.S. subsidiary of Elbit Systems.
Bezhalel Machlis, Elbit Systems President & CEO, said the company see the enhanced flight vision and head up display systems for commercial aviation platforms line, “as a key growth engine. Elbit Systems and Universal Avionics share the same DNA of innovation and technological leadership, and our combined portfolio creates synergies that will strengthen our competitive position.”