The Acceptance Of Necessity (AON) was cleared by the Defense Acquisitions Council (DAC) in February, 2012 and at the time, the order was estimated to be worth around USD 1 billion.
Swedish defense and aerospace company SAAB is planning to offer its SAAB 2000 aircraft to the Indian Navy when it issues a Request For Proposal (RFP) for Medium Range Maritime Reconnaissance aircraft in the next few months.