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
President Obama has declared a state of emergency in South Carolina after severe storms caused heavy flooding.
The last British prisoner in Guantanamo Bay is worried he will die before US authorities release him.
Proposal would see a task force set up to assess environmental impact from breaches of emissions testing rules.