wiredInUSA April 2019

Tanks for the upgrade

Russian results

Image: army-technology.com

Photo by Caleb Gregory on Unsplash

BAE Systems has selected Habia Cable to support the Swedish army’s CV90 infantry fighting vehicle upgrade program, scheduled for completion in 2020. Habia Cable will supply cable harnesses from its Lubieszyn-based factory in Poland. The modernization program will increase the vehicle’s lifespan and strengthen the Swedish army’s capability to combat future threats. Work, which is already underway, includes upgrades to the vehicle’s survivability and combat system performance, as well as the turret system where Habia Cable’s products will be utilized. “This is a very prominent upgrade program for the Swedish army, and we are pleased to have Habia Cable on board supporting the project,” said Stefan Löfström, regional director for BAE Systems’ weapon systems Sweden business, with responsibility for updating the CV90 turret. Habia Cable already supplies cable components for the Bofors 57 mark 3 naval gun – produced in Karlskoga, Sweden.

Russian aluminum producer Rusal has announced its results for the year ended 31 st December 2018. The 2018 aluminum market was seriously affected by the Office of Foreign Assets Control (OFAC) sanctions and imposed import duties. However, Rusal’s revenue increased by 3.1 percent to $10,280 million, compared to $9,969 million in 2017. This was partially due to the growth in the London Metal Exchange (LME) aluminum price, which increased by 7.2 percent to $2,110 per tonne as compared to $1,968 per tonne between the comparable periods. The price increase helped offset a 7.2 percent decrease in primary aluminum and alloy sales volume. Rusal’s net profit of $1.698 billion in 2018 compared to $1.222 billion in 2017.

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wiredInUSA - April 2019