Retrofit LED replacements are rather popular for this application. For the obvious reasons.
From the size of those turnstile wings, it looks like a rather low VHF TV channel.
That is about the size of the wings on our local (obsolete) channel 2 (50-56 MHz) antenna.
In the US, they have moved everybody out of the low-band VHF range, and pretty much everybody out of the high-band VHF range, also.
They have to feed the opposite pairs of "wings" with 90 degree phased signal to create the omnidirectional radiation pattern.
So they need a phasing circuit down at the bottom, and TWO feedlines up the tower to the antenna.
Looks like it is out in the US midwest plains somewhere, so they need those lightning rods extending above the warning light.