Red Jet 7 will be built at East Cowes, securing 85 jobs there - and will join the fleet next summer.
Woman Charged Over Lollipop Man's Death
Police investigating the death of a lollipop man in Waterlooville have charged a driver.
Raymond Elsmore was knocked over by a Nissan Micra on Tempest Avenue on December 5th, 2012.
The 82-year-old suffered serious head injuries and later died in hospital.
Lauren Paul, 22, of Ramblers Way, Waterlooville, is accused of causing death by careless driving.
She was bailed to appear at Portsmouth Magistrates Court on June 7.
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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