Red Jet 7 will be built at East Cowes, securing 85 jobs there - and will join the fleet next summer.
Portsmouth Teenager Arrested Over Deadly Fire
Detectives investigating a fire, which killed six members of the same family, have made two arrests - including a man from Portsmouth.
Doctor Abdul Shakoor was the only survivor of the blaze at the family's home in Barn Mead in Harlow, Essex last October.
Police launched a murder investigation after his wife, Sabah Usmani, and their children, Muneeb, nine, Rayyan, six, Hira, 12, Sohaib, 11, and Maheen, three, all died.
Essex Police said the Portsmouth man, 19, and a 19-year-old man from Harlow, had been arrested and questioned in connection to the fire and a burglary which happened shortly before. They've been released on bail.
Another 19-year-old man, also from Harlow, remains on bail after being arrested on an earlier date.
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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