The Ministry of Defence (MoD) signed a ₹880-crore contract with the Israeli Weapon Industries (IWI) for 16,479 Light Machine Guns (LMG). “The Acquisition Wing of MoD has signed the capital acquisition contract with Israel Weapons Industries for procurement of 16,479 LMGs at a cost of ₹880 crore with the approval of Defence Minister Rajnath Singh.