At least it has been ordered. Unlike a lot of other things "in the pipeline".
See
this from
Navy News.
Aircrew will have a much-improved cabin – from state-of-the-art cockpit instruments, Bowman hi-tech communications, armoured seats and an armoured floor to drastically enhance survivability in the event of a crash landing.
Firepower comes in the form of a General Purpose or Heavy Machine-Gun, Stingray torpedoes, plus the successor to the Sea Skua anti-ship missile. Cutting-edge targeting systems, similar to the Apache gunship, and a 360˚ full-colour surveillance radar, will help crew pick out their prey and monitor the world around them.
What are those green missiles in the pictures?
I wonder if this will mean frigates/destroyers deploying in the future will carry either a Merlin or two Lynx (as directed by FLEET) depending on where there going? Or a tailored mix in a group of ships? As discussed here:
Type 45 Destroyer - Embarked Aviation
Any chance of FLynx being used aboard CVF for SAR, force proection etc?