Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that it is in the process of completing the acquisition of privately-owned US company Universal Avionics Systems Corporation through an asset acquisition agreement. The parties received the necessary government approvals for the transaction, Elbit Systems said and the closing of the transaction is expected in the coming weeks. No financial or other details were disclosed. RELATED ARTICLES Elbit Systems looking to export tunnel detection technology Elbit Systems revenue exceeds $1b in Q4 Elbit Systems wins $65m Search and Rescue deal Tuscon-based Universal Avionics Systems manufactures innovative avionics systems for business jets, turboprop aircraft, transport aircraft, helicopters, regional and commercial airliners used by corporate, military and airline operators. The company offers advanced avionics as a retrofit solution for the largest diversification of aircraft types in the industry. Published by Globes [online], Israel business news - www.globes-online.com - on March 22, 2018 © Copyright of Globes Publisher Itonut (1983) Ltd. 2018
