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Universal Avionics Systems Corporation announces 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 closing is anticipated to occur in the coming weeks.
Under the ownership of Elbit Systems, Universal Avionics will become a wholly-owned subsidiary.
Universal Avionics Systems Corporation 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.
