[1] It attracted buyers but was unable to obtain adequate manufacturing financing, and was perhaps too far ahead of its time.
Development of the aircraft commenced when Lymon Lyon approached Aero Commander to build him a one-off modification of the 200, to be powered by a turboprop.
His request came just as Aero Commander was realizing that the 200 piston engine aircraft was not economically viable in volumes they sought, and instead, offered to sell Lyon the 200 type certificate and work that Aero Commander had begun on a turbine engine conversion model 400 instead.
It was envisaged for a wide variety of roles, including training, reconnaissance, Forward Air Control, and Counterinsurgency, as well as general utility duties.
On May 22, 2014, Global Parts Group, of Augusta, Kansas, announced they had acquired the type certificate of the Interceptor 400 and the Meyers 200 aircraft models.