The deal for Bristow Helicopters to run the country's search-and-rescue (SAR) helicopter service is worth £1.6 billion.
It ends ends 70 years of SAR service from the RAF and the Royal Navy SAR squadrons. It also spells the end of the use of Sea King helicopters in SAR work. It is not known whether Portland, Culdrose or Chivenor will be affected.
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Mild tonight and dry and sunny tomorrow. Turning unsettled again later. The forecast with Luke Castiglione.
Around fifty thousand people have turned out on the Hoe in Plymouth over the weekend to support Armed Forces Day.
Luke Castiglione has the latest weather forecast. Cloud with rain this afternoon, becoming dry and sunny tomorrow