A magnetically latched installation and extraction mechanism for an avionics display unit or other Line Replaceable Unit (LRU) installable in, and extractable from, a vehicle instrument panel includes a bezel attachable to the LRU, the paddle or the bezel including magnets embedded into opposing corners configured to attract the magnetic surfaces of, or the embedded magnets in, the opposing bezel or paddle. The LRU may include hinged paddles having an open position for installing/extracting the LRU from the instrument panel and a stowed position substantially flush with the surface of the bezel, the paddles corresponding to the embedded bezel magnets. Magnets embedded in the hinged paddles may secure the paddles in the stowed position via attraction to the bezel magnets.