New Delhi: The Defence Ministry said Thursday it has signed a capital acquisition contract with Israel Weapons Industries (IWI) for procurement of 16,479 light machine guns (LMGs) at a cost of Rs 880 crore.  The contract was signed with the approval of Defence Minister Rajnath Singh, it said. IWI, which is based out of Ramat … Continue reading Defence Ministry signs contract with IWI to acquire 16,479 LMGs for Indian Army