Red Jet 7 will be built at East Cowes, securing 85 jobs there - and will join the fleet next summer.
Men Rescued From Incoming Tide
Three men have been taken to hospital after they became stuck on a sandbank during the incoming tide off West Sussex.
Solent Maritime Rescue Coordination Centre (MRCC) was first contacted at 5.40pm on Sunday 21 July by West Wittering Lifeguards who were in the process of rescuing the men from the water near Chichester.
Solent MRCC tasked the Coastguard search and rescue helicopter from Lee-on-Solent and Selsey Coastguard Rescue Team, along with the two RNLI lifeboats from Hayling Island, the harbour patrol boat from Chichester and the inshore rescue boat from West Wittering. Police and Ambulance were also in attendance.
Two of the men were airlifted by the Coastguard helicopter to the QA hospital in Portsmouth, while the other was taken by ambulance to St. Richard's hospital in Chichester.
Matt West, Watch Manager at Solent MRCC, said:
"If you are heading out for a swim, check the sea conditions and remember that even though the sea may look calm on the surface, there is the danger of strong currents underneath. Always check tide times as well so that you can avoid being cut off by the incoming tide.
"If you see someone in difficulty, you should call 999 immediately and ask for the Coastguard."
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.
Recently Played Tracks
On Radio: Rich and Zoe
6am - 10am
Text 'SOUTH' to 82122
Now playing: The best feel good music
Deposit £10 to get a £40 Welcome Bonus - That's £50 to play bingo, slots and more!*
Over 50 tracks to make you feel-good. New album out now...
Find your local four day weather report here.
What's happening on the roads where you are?
Make Heart the soundtrack to your day and you could be a winner with great prizes up for grabs throughout the day.
Find out more about some of the companies advertising on Heart.
Get some great ideas on how to advertise your business on radio, online and on mobile.