Press Release

Issued by Universal Avionics, an Elbit Systems company.

March 22, 2018

Universal Avionics Systems Corporation has announced 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 the 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 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.

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.