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Tag: upgrades

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...
RBI asks banks to speed up ATM upgrades as deadline looms large

RBI asks banks to speed up ATM upgrades as deadline looms large

Finance
MUMBAI: Indian banks are staring at penalties over missed deadlines on compliance with ATM security and cash management norms introduced by the Reserve Bank of India over the last two years which banks say is not remunerative enough to carry out due to meddling in the fee structure. Most banks have not initiated these upgrades as sought by the central bank as their cost analysis of such an overhaul is significantly higher than central bank’s estimates, said people aware of the matter. The norms in question include revamp of outdated cash-replenishment process with a new cassette swapping system, ramping electronic surveillance at ATM premises, installing digital locks and upgrading the Operating Systems powering these cash machines. “Most acquirer banks who operate ATMs are waiting for a h
GE nabs $11.1M for engine upgrades on presidential helicopter fleet

GE nabs $11.1M for engine upgrades on presidential helicopter fleet

Business
Dec. 18 (UPI) -- General Electric has been awarded an $ 11.1 million contract in support of the Marine Corps Presidential Helicopter Program, the Pentagon announced. The deal funds the purchase of five CT7-8A6 engines, along with metal shipping containers and hardware. Work is scheduled to take place in Lynn, Massachusetts and is expected to be completed in December 2019. GE's CT7-8 series of engines use commercial components and are run by onboard computers called full authority digital electrical control, or FADEC, for reduced pilot workload. The Navy is in the process of replacing the Marine Corps' fleet of helicopters used for presidential transport with the Sikorsky VH-92A helicopter. Currently, the Corps uses VH-3D and VH-60N helicopters for the presidential program. The total cost...
General election 2019: Labour pledges billions for home energy upgrades

General election 2019: Labour pledges billions for home energy upgrades

Science
Labour is pledging to cut UK carbon emissions by 10% through the largest home improvement programme for decades.A Labour government would fund £60bn of energy-saving upgrades to low-income households over the next decade while wealthier households would receive interest-free loans for enhancements.The party said loft insulation, enhanced double glazing and new heating systems would help cut energy use.The Conservatives said the plan would "wreck the economy" and "put up bills".A spokesperson for the Tories said while tackling climate change was vital, "independent experts and even Labour's own unions say their promises don't stack up".Labour says its policy, called "Warm Homes for All", would create 450,000 jobs involved in the installation of energy-savi
Lockheed nets $80M contract for Aegis system upgrades

Lockheed nets $80M contract for Aegis system upgrades

Business
Aug. 16 (UPI) -- Lockheed Martin received an $ 80 million contract from the U.S. Navy for electronic equipment upgrades to the Aegis missile system, the Pentagon announced. The new contract modification, announced Thursday by the Department of Defense, calls for Lockheed Martin's Rotary and Mission Systems division to cover the production, test and delivery of multi-mission signal processor equipment sets, electronic equipment fluid coolers, AEGIS Weapon System AMOD [Aegis Modernization] upgrade equipment and Kill Assessment System equipment and spare parts. The deal calls for the Navy to underwrite 78.1 percent of the expenses, with Australia and Japan, where some of the equipment is located, to pay for 21.9 percent. The Aegis Combat System is an integrated naval weapons system using ra...