3058 tech, designed for use against the Clans, very popular in the IS during the Civil war period (FWL produced versions being sold to every House Army by ~3067).
From Sarna.net:
Light Autocannon
The first Light Autocannon were prototypes created by the NAIS during the Clan Invasion.[1] They didn't see widespread production until after the NAIS was destroyed by the Word of Blake's assault on New Avalon. Despite the advances of the NAIS, only the lightest two autocannon were effective weapons.
The LAC/2 and LAC/5 trade some range for a weight reduction of approximately 20%. This allows combat units to carry more weapons, ammunition, or armor, and still use the specialized autocannon rounds (Precision, Flechette, and Armor-Piercing) developed for the AFFS. The AFFS is the largest user of the Light Autocannon, but Imperator Automatic Weaponry has introduced the weapon to the Free Worlds League Military.[2]
Currently there are only two types of Light Autocannon:
Light AC/2
Light AC/5An excellent way of stuffing more AA stuff onto IS chasis, for example Light Autocannons give us my favourite Mauler design "Pigsticker"

2ERLarge Beam
2MRM10
4 LightAC5
6 tons of ammo
GECM
4 arm mounted DHS
And enough space and weight left over for a coolant pod in each arm (or probably more ammo in the MWLL version).
But the fact that introducing the Light Autocannons in MWLL would make one of my favourite designs from NBT-HC possible (and with ASF to shoot down woot!) is purely coincidental...i assure you

In real terms it's just an AC that weights less and has a slightly reduced range but otherwise fires & behaves identical to the AC5.