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Hungary upgrades military with delivery of German tanks

Hungary upgrades military with delivery of German tanks

Business
July 31 (UPI) -- The Hungarian army received four refurbished Leopard 2 tanks from its German manufacturer as it awaits delivery of 44 upgraded tanks starting in 2023. While the tanks were handed over by maker Kraus-Maffei Wegmann on Thursday at an army base in Tata, Hungary, eight older versions of the Leopard 2A4HU variant will be provided for training purposes. Hungary will later receive 44 of the newest Leopard 2 variant, called the 2A7+, to replace Soviet-made T-72 tanks. Germany and Denmark currently use the upgraded tanks, and the purchase suggests some interoperability between the German, Danish and Hungarian armies. Each is a NATO member. Advertisement "Hungary is modernizing its land forces with Germany as a strategic partner," German State Secretary of Defense Thomas Silberhorn...
Marine Corps moves deactivated tanks, heavy equipment by rail

Marine Corps moves deactivated tanks, heavy equipment by rail

Business
July 30 (UPI) -- The Marine Corps' tanks and other heavy equipment are moving through Marine Corps Logistics Base Barstow in California as part of an effort to modernize the Marine Corps in accordance with the National Defense Strategy. "The tanks currently assigned to 1st Marine Division, Exercise Support Division, Marine Corps Air Ground Combat Center 29 Palms, Marine Forces Reserve and Logistics Command," said Chad Hildebrandt, Railway Operations supervisor for the base, in a press statement. "They are all being consolidated here at MCLB Barstow for further movement to U.S. Army Depots at Sierra Army Depot in Herlong, California, and to Anniston Army Depot in Anniston, Alabama." Advertisement The movement of the tanks is part of an effort to deactivate tanks that wouldn't survive moder...
737 Max: Debris found in new planes’ fuel tanks

737 Max: Debris found in new planes’ fuel tanks

World
Boeing's crisis-hit 737 Max jetliner faces a new potential safety issue as debris has been found in the fuel tanks of several new planes which were in storage, awaiting delivery to airlines.The head of Boeing's 737 programme has told employees that the discovery was "absolutely unacceptable".A Boeing spokesman said the company did not see the issue further delaying the jet's return to service.It comes as the 737 Max remains grounded after two fatal crashes.The US plane maker said it discovered so-called "Foreign Object Debris" left inside the wing fuel tanks of several undelivered 737 Maxs.A company spokesman told the BBC: "While conducting maintenance we discovered Foreign Object Debris (FOD) in undelivered 737 Max airplanes currently in storage. That fi...
Taiwan ready to buy A1M2T Abrams tanks from U.S.

Taiwan ready to buy A1M2T Abrams tanks from U.S.

Business
Oct. 30 (UPI) -- Taiwan is prepared to purchase 108 Abrams M1A2T tanks from the United States under a $ 2.2 billion deal, the Taiwanese army chief of staff said. At a question-and-answer session this week before the national legislature's foreign affairs and defense committee, Lt. Gen. Yang Hai-ming confirmed that Taiwan will sign a letter of offer and acceptance in November. Committee member Johnny Chaing said at the meeting that the letter from the United States is expected soon. In July, the U.S. Department of State gave its approval of the sale of 108 M1A2 Abrams tanks, 1,240 BGM-71 TOW anti-tank missiles, 409 FGM-148 Javelin anti-tank missiles and 250 FIM-92 Stinger surface-to-air missiles through the Foreign Military Sales program. The sale of the tanks, built in several variants i...
What to do with your 401(k) as the market tanks

What to do with your 401(k) as the market tanks

Finance
There's one market correlation you can count on: When the markets plummet, calls to 401(k) plan providers go up.If you're like a lot of people, you're also reaching for the phone — or just looking for reassurance that your nest egg will still be OK.Moyo Studio | E+ | Getty ImagesMonday's eye-popping market drop is no exception. Trade war fears sent the Dow Jones Industrial Average down by more than 750 points on Monday. Meanwhile, the S&P 500 and Nasdaq Composite each entered their sixth consecutive day of losses.Despite the scary headlines, financial advisors have one message for you: Don't panic. "Most people should do what's good for them, agnostic of what the market is doing," said Aaron Pottichen, senior vice president at Alliant Retirement Consulting in Austin, Texas. "No one can