Universal Avionics Awarded 33M$ Deal with AerSale to Deliver ClearVision Enhanced Vision Systems for Boeing 737NG

Rhea-AI Summary

AerSale (ASLE) has engaged Universal Avionics to deliver ClearVision™ systems, securing a contract worth $33 million. This Enhanced Flight Vision System (EFVS) includes the SkyLens™ Head Wearable Display and EVS-5000 cameras, specifically for the Boeing 737NG. The solution enhances operational efficiency and crew resource management under low visibility conditions. Universal Avionics showcases over 20 years of EVS experience, with ClearVision already utilized in various aircraft, promising improved safety for airlines.

Positive

• Contract awarded to Universal Avionics valued at $33 million.
• ClearVision system enhances operational efficiency in low visibility.
• Trusted solution with over 20 years of EVS experience.
• Demonstrated interest from airlines for the AerAware installation.

Negative

• None.

TUCSON, Ariz., July 18, 2022 /PRNewswire/ -- Universal Avionics (UA) was awarded a contract valued at $33 million to supply ClearVision™ systems –Enhanced Flight Vision Systems (EFVS) from AerSale (NASDAQ: ASLE). The solution featuring the SkyLens™ Head Wearable Display (HWD) and EVS-5000 cameras for the Boeing 737NG, is part of the AerAware™ installation, developed by AerSale.

The deal follows increasing interest in the aviation market for enhanced vision systems that provide significant operational benefits and improved situational awareness at night and in low visibility conditions.

ClearVision provides an innovative Combined Vision System (CVS) displayed to both pilot and copilot on the SkyLens HWD, a certified display for commercial aviation. The intuitive avionics suite includes UA's high-resolution EVS-5000 Enhanced Vision System (EVS) camera, composed of six sensors for a comprehensive and unprecedented multispectral coverage, and a 3D Synthetic Vision System (SVS). ClearVision greatly improves crew resource management in the cockpit of the 737NG and offers pilots the ability to overcome degraded visibility situations day and night allowing them to move in and out of airports faster, saving time and increasing operational efficiency. With SkyLens, pilots continuously operate head-up and can monitor flight information while retaining 3D situational awareness of terrain, and eventually aircraft traffic, through the system's unlimited 360-degree Field of View.

ClearVision is a trusted and certified solution, flying today on several fixed-wing and rotary-wing aircraft, building on more than 20 years of EVS heritage and more than 3000 EVS cameras already in service.

Dror Yahav, CEO of Universal Avionics said: "The ClearVision EFVS solution brings substantial capabilities to the 737NG and has demonstrated its advantages to operations including the ability to overcome degraded visibility solutions during any time of day. I believe that the ability to allow aircraft to operate in conditions well below published minimums is a game-changer."

Nicolas Finazzo, Chairman and CEO of AerSale said: "With this contract, we're ensuring deliverability of the AerAware system to the growing number of airlines who have expressed interest in this solution. We are bringing this innovative solution to commercial operators for improved safety and operational effectiveness and we're seeing a lot of excitement as we conduct demonstration flight tests."

 

About Universal Avionics

Universal Avionics, an Elbit Systems Company, is a leading manufacturer of innovative commercial 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.

 

About AerSale

AerSale serves airlines operating large jets manufactured by Boeing, Airbus and McDonnell Douglas and is dedicated to providing integrated aftermarket services and products designed to help aircraft owners and operators to realize significant savings in the operation, maintenance and monetization of their aircraft, engines, and components. AerSale's offerings include: Aircraft & Component MRO, Aircraft and Engine Sales and Leasing, Used Serviceable Material sales, and internally developed 'Engineered Solutions' to enhance aircraft performance and operating economics (e.g. AerSafe™, AerTrak™, and now AerAware™).

 

Universal Avionics Press Contact
Mathew Devitt
Marketing Manager
mdevitt@uasc.com
+1 520 295 2300 | 800 321 5253

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SOURCE Universal Avionics

FAQ

What is the value of the contract awarded to Universal Avionics by AerSale?

The contract is valued at $33 million.

What systems are included in the ClearVision contract?

The ClearVision system includes the SkyLens Head Wearable Display and EVS-5000 cameras for Boeing 737NG.

How does ClearVision benefit pilots?

ClearVision improves crew resource management and operational efficiency during low visibility situations.

What experience does Universal Avionics have with Enhanced Vision Systems?

Universal Avionics has over 20 years of experience in Enhanced Vision Systems, with more than 3000 EVS cameras in service.

What is the significance of the ClearVision system in aviation?

The ClearVision system enables aircraft to operate in conditions below published minimums, enhancing safety and efficiency.