Red Jet 7 will be built at East Cowes, securing 85 jobs there - and will join the fleet next summer.
Sunseeker To Be Bought By Chinese Firm?
A Chinese property group is set to buy Dorset's luxury yachtmaker.
Dalian Wanda could pay around £300m for Sunseeker, based in Poole, according to reports.
Sources earlier told the Financial Times that say the deal is expected to be closed by the end of June.
"We bought the best yacht company in the UK," the boss of Beijing-based property firm Wanda was reported as saying.
Mr Wang, who is chairman and founder of the firm, did not identify Sunseeker by name.
According to the Financial Times, Mr Wang is a long-time fan of Sunseeker glitz.
It said that, in 2010, his property group bought a rocket-shaped vessel from the firm.
The Sunseeker Predator 108 Special Edition was the same as used by the villain in the latest version of the James Bond film Casino Royale.
Five men have been questioned after shots were heard in Wimborne Road.
24-Year-Old Nikki Henderson Become The Youngest Ever Skipper Of A Clipper Round The World Yacht
18-Year-Old Found Injured In Old Christchurch Road On Friday Morning.
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