Red Jet 7 will be built at East Cowes, securing 85 jobs there - and will join the fleet next summer.
South West Trains Staff Take Industrial Action
Workers at one of the country's biggest train companies are to take industrial action during the Olympics in a row over a Games bonus payment.
Up to 1,000 members of the RMT union at South West Trains will work to rule with a ban on overtime throughout the Games.
South West Trains insists it has already agreed a wage deal covering the Games period.
Union members working on the London bike hire scheme will strike for 48 hours from Friday morning in a similar row.
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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