Red Jet 7 will be built at East Cowes, securing 85 jobs there - and will join the fleet next summer.
Hunt For Two Men In Portsmouth
Two women have been left terrified after two men burst into their home in Portsmouth and threatened them with a knife and a gun.
They kicked in the door of the house in London Road on Monday night - the pair stole a laptop, mobile phone and a kitchen knife.
The first suspect is described as:
Mixed race man
Approximately 6ft tall
Spoke with an English accent
Wearing dark clothing and a black balaclava.
The second suspect is described as:
Approximately 5ft 8 tall
Wearing dark clothing with a light top underneath.
Detective Constable James Garrett from Portsmouth CID said: "This is a rare occurrence which has left the victim's shaken. We must find the people responsible and would like the public's assistance to identify them.
"Were you in the area of London Road or Battenburg Avenue on the evening of Monday, February 25 and did you see or hear anything suspicious."
Anyone with information about the incident is asked to contact Det Con Garrett at Portsmouth Central CID by phoning 101. Mini-Com users can call the police on 18001 101. Information can be given anonymously by calling the Crimestoppers charity on 0800 555 111.
Five men have been questioned after shots were heard in Wimborne Road.
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