Elbit Systems Ltd. Receives Governmental Approval to Acquire Universal Avionics Systems Corporation

Tucson, AZ - March 22, 2018 – Universal Avionics Systems Corporation announces that Elbit Systems Ltd. (NASDAQ and TASE: ESLT) 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.

About Universal Avionics

Universal Avionics 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. To learn more about Universal Avionics, visit www.uasc.com/company/about.

Universal Avionics Press Contacts

Michelle James

Director of Marketing and Communications

Email: mjames@uasc.com
Tel (520) 295-2300 or (800) 321-5253

Stacy Honda

Marketing Manager

Email: shonda@uasc.com
Tel (520) 295-2300 or (800) 321-5253