Red Jet 7 will be built at East Cowes, securing 85 jobs there - and will join the fleet next summer.
14 New Chinooks To be Based In Hampshire
The Royal Air Force will receive 14 new Chinook helicopters in a £1 billion contract, the Ministry of Defence announced today.
The deal, with American firm Boeing, will bring the total force of the heavy lift choppers to 60 - the biggest capability in Europe.
The aircraft are vital to Nato operations in Afghanistan, offering support to both British and other nations' forces.
The contract includes development, building and five years of support.
Defence Secretary Liam Fox announced the extra machines on a visit to RAF Odiham in Hampshire where the Chinook force is based.
He also met personnel recently returned from Afghanistan.
''This Government is committed to delivering a top class equipment programme that is properly funded,'' he said.
He added the Government had brought ''reality'' to the defence budget which can now deliver real equipment.
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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