In an effort to increase commercial sales and strengthen their market position, Elbit Systems Ltd has officially taken on Universal Avionics. On April 11, 2018, Elbit announced they had acquired Universal’s assets for a total purchase price of about $120 million. Now, Universal Avionics is set to lead commercial sales in North America under Elbit’s Commercial Aviation Business Line.
Universal Avionics will continue to operate as-is without any changes to their company name, management or staff. As Elbit Systems President & CEO, Bezhalel Machlis stated, the two companies already “share the same DNA of innovation and technological leadership” and therefore won’t currently need any restructuring.
Elbit Systems Ltd. is a high technology company which primarily operates in defense and homeland security, but they also have hands in commercial aviation, medical instrumentation, public communications and sustainment & support. Elbit is considered a “Glocal” organization, meaning that they operate in both global and local markets.
In recent years, these markets have seen a considerable number of mergers and acquisitions. Additionally, considering ongoing terrorist activities and a heightened emphasis on more technically advanced forces, the need for defense and homeland security services have increased.
Elbit continuously makes efforts to adapt to the needs of the market by upgrading their existing platforms with newer, more advanced technologies. They also offer cost-effective solutions and a comprehensive array of products, which allows them to be a “one-stop-shop” for defense, homeland security and safety needs. With the addition of Universal’s assets, Elbit hopes to strengthen their market position and become the premier cockpit avionics supplier for the aviation industry.
Veritable Aviation is a complete purchasing solution that specializes in avionics parts sourcing– with a continuously increasing inventory, you can be sure Veritable Aviation will have everything you need and more. Veritable Aviation will ensure all needs are addressed in a timely manner. Veritable Aviation is known for having hard to find and/or out of stock parts and can always help you find cost-effective solutions. For a quote, reach out to the main office by phone: 503-374-0340 or by email: sales@veritableaviation.com
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