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Elbit Systems of America, KMC Systems Open Cambridge Innovation Center
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
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Rhea-AI Summary
Elbit Systems of America has opened the Cambridge Innovation Center in Cambridge, Massachusetts, aiming to enhance its engineering capabilities. This facility will host up to 60 engineers and provides advanced lab and virtual reality spaces. The center is part of a broader expansion strategy, including plans to hire 100 engineers across various disciplines. The new center will bolster KMC Systems, Elbit's medical instrumentation division, enabling further innovation in life sciences. The opening aligns with the company’s commitment to delivering cutting-edge solutions.
Positive
Opening of the Cambridge Innovation Center supports expansion in engineering capabilities.
Hiring 100 additional engineers improves talent pool and operational capacity.
Proximity to prestigious institutions like MIT and Harvard enhances collaboration opportunities.
Negative
None.
FORT WORTH, Texas--(BUSINESS WIRE)--
Elbit Systems of America (“Elbit America”) celebrates the grand opening of its new Cambridge Innovation Center – a fresh and modern engineering design and ideation space – in Cambridge, Massachusetts. The Cambridge Innovation Center will base up to 60 software, mechanical, and electrical engineers with stand-up lab space and a virtual reality collaboration area. The center’s location is in close proximity to both the Massachusetts Institute of Technology and Harvard University, and is within the region’s vibrant Life Sciences Corridor. This new center contributes to the company’s continued expansion in 2022 and beyond, as it persistently delivers innovative solutions that protect and save lives.
Elbit America has seen substantial growth in the last several years, adding engineering in multiple key disciplines and this center continues this momentum by hiring an additional 100 engineers. These new hires will join the team from all the engineering disciplines of software, mechanical, and electrical engineering, and be based at the Cambridge Innovation Center and Merrimack, New Hampshire.
Supporting KMC Systems (“KMC”), the company’s Merrimack-based medical instrumentation division, the Cambridge Innovation Center will be a key expansion. KMC continues to grow as it offers the most advanced clinical and operational solutions for life sciences and technology. This center will provide an engineering powerhouse in a location rife with disruptive advances in the life sciences field.
“KMC is excited to be in Cambridge — it’s home to some of the most innovative research and technology development in the biotech and life sciences space,” said Derek Kane, Vice President and General Manager of KMC Systems. “We are delighted to have our doors open and join our neighbors in science and academia as we continue to build a better tomorrow, together.”
“I am delighted Elbit Systems of America and KMC have invested in the City of Cambridge as our community continues to lead in emerging technologies for the medical and life science spaces,” said Sumbul Siddiqui, Mayor of Cambridge. “The physical location of our city and its proximity to leading New England universities also provides a unique bridge for the talent of tomorrow with local industries.”
“We are excited to welcome KMC and Elbit Systems of America to Cambridge,” said Willie Reaves, Chief of Staff at Cellino. “The Cambridge start-up network will greatly benefit from the support of such an experienced medical engineering and manufacturing organization. We are thrilled that KMC is joining the local innovation community."
“This is another exciting milestone for Elbit America as we continue to evolve and expand to meet the needs of our diverse customers," said Layne Merritt, Elbit Systems of America Vice President of Technology and Innovation. “The Cambridge Innovation Center allows us to not only support KMC’s mission but those of our Elbit Systems of America customers, while benefitting from the surrounding atmosphere of innovation. The strides made at this new center will inspire our entire workforce to continue developing new solutions and methodologies to solve our customers’ most complex challenges.”
The Cambridge Innovation Center opening is one of a series of new Elbit America corporate expansions and investments, including a new facility to open at the end of 2022 in Charleston, South Carolina. KMC Systems has office locations in Stockholm, Sweden; Cambridge, Massachusetts; Chicago, Illinois; San Francisco, California; and its headquarters in Merrimack, New Hampshire.
About Elbit Systems of America, LLC Elbit Systems of America, headquartered in Fort Worth, Texas, is a leading provider of high-performance products, system solutions, and support services focusing on the defense, homeland security, law enforcement, commercial aviation, and medical instrumentation markets. With facilities throughout the U.S., Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT), a global high technology company engaged in a wide range of programs for innovative defense and commercial applications. For additional information, visit: www.ElbitAmerica.com or follow us on Twitter, LinkedIn and Instagram.
About KMC Systems
KMC Systems, Inc. is a medical device and life sciences diagnostic company that specializes in contract design and manufacturing services for some of the leading medical devices and life sciences companies around the world. KMC was founded in 1980 and has served the medical device and life sciences industry for 40 years. The company is based out of Merrimack, New Hampshire and is the medical subsidiary of Elbit Systems of America. For additional information, visit http://www.kmcsystems.com/ or follow them on Twitter, and LinkedIn.
About Elbit Systems
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, cyber-based systems and munitions. 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. For additional information, visit: https://elbitsystems.com/, follow us on Twitter or visit our official Facebook, YouTube and LinkedIn Channels.
This press release may contain forward‑looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions about future events. Forward‑looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward‑looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward‑looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.
Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.
