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.
Established in 1970, Airbus is a European corporation that designs, develops and sells civil and military aeronautical products all around the globe. Additionally, to the main civil aerospace business, Airbus has two more divisions: Defense and Space, and Helicopters, the last – mentioned one being the biggest on its industry regarding revenue and turbine helicopter deliveries.
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