A contract for procurement of quantity 80 Mi-17 V-5 helicopters for the Indian Air Force (IAF) was concluded between the Ministry of Defence and Rosoboronexport, Russia, on December 5, 2008. A total of 27 helicopters have been delivered so far of which 24 helicopters have been inducted into the IAF. Three helicopters are under acceptance.
The total cost of the contract is $1.345 billion, according to the Defence Minister A.K. Antony.