Red Jet 7 will be built at East Cowes, securing 85 jobs there - and will join the fleet next summer.
South Coast Caught Up In Storm Angus
The South Coast's braced for more heavy downpours - and gusts of up to 50 miles an hour - as Storm Angus continues.
The Met Office has wind and rain warnings in place across Hampshire, Dorset and the Isle of Wight - until midnight.
The website says:
"On Monday a further broad area of heavy, persistent rain will extend northwards across southwest England and Wales. The heaviest rain is expected to reach southwest England in the early hours of Monday and to reach north Wales by around the middle of the day. Although the more persistent rain should clear from southwest England into the afternoon, heavy and possibly thundery showers are likely to follow.
"Strong northeasterly winds will also develop for a time giving gusts of 40-50 mph.
"Please be aware of the possibility of localised flooding and disruption to transport.
"Some 20-30 mm of rain may fall in a 3-6 hour period in places, with as much as 40-60 mm possible locally through the whole of Monday. The greatest risk of disruption due to flooding is expected to be across parts of southwest England, Devon in particular, where the ground has been left very wet from Saturday night's rain. A separate Amber warning will cover this aspect."
The Environment Agency's warning people in places like Swanage, Corfe Castle, Weymouth and by Hampshire's River Blackwater.
There were temporary road-gate closures in place along Clarence Esplanade. These were due to be re-opened today.
Fire fighters in Dorset say they had lots of calls most about flooding around Poole and Bournemouth at the weekend, and Swanage High Street was closed due to flooding.
Fire crews in Christchurch got called to a house after a tree fell and knocked a chimney over near Hillside Drive in Westbourne.
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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