Elbit receives approval to acquire Universal Avionics
March 22, 2018 By Universal Avionics
Universal Avionics Systems Corporation has announced that Elbit Systems Ltd.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.