Babcock Marine announced that Devonport Yachts will no longer bid for new yacht contract. The official statement from Babcock Marine:  

"Babcock Marine has completed a review of its planned naval workload over the next 3-4 years, taking into account its overall capacity and physical facilities. This review, including design and assembly activities on the UK’s future carrier project in addition to its naval support work, has led to it's yacht division Devonport no longer bidding for future yacht contracts beyond those that are currently being carried out. Babcock Marine is fully committed to the completion of these projects in accordance with its existing contractual commitments."