The Schneider Trophy was a prestigious annual prize competition for seaplanes that was first held in 1913. The 1926 race was the first where all the teams fielded pilots from their armed forces, the Air Ministry financing a British team known as the High Speed Flight drawn from the Royal Air Force. Sometimes known simply as The Flight, the team was formed at the Marine Aircraft Experimental Establishment, Felixstowe, in preparation for the 1927 race in which Supermarine's Mitchell-designed, Napier Lion-powered Supermarine S.5s placed first and second. 1927 was the last annual competition, the event then moving onto a biannual schedule to allow more development time between races.