My first thought is replace it with a LAV-300 or LAV-300 Mk II or one of the new ones from today Commando Advanced, Commando Elite or the Commando Select.
But if it is to stay update a few things like use the space from the fuel tanks for water storage (never did understand why this wasn't done in the 1st place). More modern electronics and computers. Navigation can still be inertial, but supplemented with other forms.
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