Indian Army Loitering Munition System Contract with TASL and NIBE India: In a significant stride towards military modernisation and self-reliance, the Ministry of Defence has officially signed contracts worth approximately $165 million (Rs 1,577 crore) for the procurement of advanced Loiter Munition Systems for the Indian Army. The agreement was finalised in New Delhi on August 14, 2026, in the presence of Defence Secretary Rajesh Kumar Singh.