Contract for indigenously designed Light Combat Helicopter likely to be signed soon: Rajnath ANI | Updated: Feb 22, 2021 23:40 IST New Delhi [India], February 22 (ANI): Noting that India plans to spend USD 130 billion on military modernization in the next five years, Defence Minister Rajnath Singh said on Monday that orders for 83 LCA MK1A worth Rs 48,000 crore have been awarded to HAL recently and the contract for indigenously designed Light Combat Helicopter is likely to be signed soon. He also said that the Ministry is working on bringing down delays in timelines of capital acquisition and efforts will be made to complete the defence acquisition within two years, instead of the existing three-four years being taken on the average.