Possibly the worst Armada bundle yet, considering none of the unobtainable ships are included. That means no:
Any of the three Kamikaze sisters
Imperator Nikolai I
And not that I would have expected it, no Missouri, Kronstadt, or Musashi either. Jean Bart is missing as well, though she's a new release, along with Vanguard and Dreadnought. If you need doubloons, this is the deal to get them in, but at $700 and no retired/rare ships around this year I'm not convinced it's the best bang-for-the-buck. Plus besides conversion of ship XP to Free XP, as others have said I'm not sure what to spend the doubloons on. I bought the very first $400 Armada deal when it came out and that was a steal compared to this one. Your mileage may vary.