Back in October 2006, an $840 million contract for BAE’s Hawk LIFT trainers aimed to provide advanced jet training for both Royal Air Force and Royal Navy pilots, as part of the consolidated UK Military Flying Training System (UKMFTS). In November 2006, the Ascent team of VT Group plc and Lockheed Martin announced their status as Preferred Bidder to provide military flying training to the Royal Navy, Royal Air Force and Army Air Corps for the next 25 years.
In June 2008, they secured the contract. That began a combination of infrastructure build-out, aircraft modification, and managed competition, aimed at fulfilling a contract estimated at up to GBP 6 billion (about $11.7 billion)… when it was signed. It’s hard to evaluate that number until Britain finally buys its training aircraft and associated training service, and as of 2012, they haven’t even put out the RFP.