Elbit Systems has finalized its purchase of Universal Avionics Systems for approximately $120 million, and the now wholly owned Elbit subsidiary “will continue to operate, with the same management and workforce and under the same name,” according to Elbit.

The acquisition combines Universal’s expertise in business aircraft avionics manufacturing and NextGen avionics development with Elbit’s commercial aviation avionics products, which include head-up displays and enhanced flight vision systems. Elbit now has direct access to the Part 25 business aircraft market and potential opportunities to combine its products with Universal’s to offer integrated cockpit solutions for business aircraft manufacturers as well as the retrofit market.

“We have been providing unique enhanced flight vision and head-up display systems for commercial aviation platforms for the last several years and see this business line as a key growth engine,” said Elbit Systems president and CEO Bezhalel Machlis. “Elbit Systems and Universal Avionics share the same DNA of innovation and technological leadership, and our combined portfolio creates synergies that will strengthen our competitive position. I welcome the management and employees of Universal Avionics to Elbit Systems, and I believe that their skills and experience will greatly contribute to our activity in the commercial aviation area."