JERUSALEM, March 22 (Reuters) -
* Israeli defence electronics firm Elbit Systems said on Thursday it was in the process of completing the acquisition of privately held U.S.-based Universal Avionics Systems Corp through an asset allocation agreement.
* Elbit said the parties received the necessary government approvals for the transaction.
* The closing of the deal is expected in the coming weeks, Elbit said.
* Elbit did not provide further details. (Reporting by Steven Scheer)