The plans to privatise search and rescue helicopters were laid originally out by the Labour government in 2006.
The plans were controversial, and designed to replace the ageing Sea Kings that were currently in use.
Soteria SAR was announced as the frontrunning bidder in February 2010, but a year later it was prevented from acquiring the contract due to several issues with the conduct of their bid team, as well as forming part of the coalition government's spending review.
More top news
Contrary to Michael Gove's belief, people do need experts, now more than ever as we work out what leaving the EU actually means.
Cool and breezy for the time of year
The people behind the moving tribute marking 100 years since the Battle of the Somme were unknown - until now.