GKN Aerospace has won another huge contract, further safeguarding the long-term future of the East Cowes factory and creating more Isle of Wight jobs.
In competition with component manufacturers worldwide, it won the multi-million pound contract for Bombardier Global 7000 and Global 8000 rudders and elevators.
First deliveries to Belfast-based Bombardier take place later this year in a contract set to run until at least 2026.
It follows the previous announcement in the spring of its biggest ever contract and is the precursor to another expected big announcement.
And it comes nearly six months after a pay and conditions settlement ended more than six months of unrest at the factory.
"This latest contract was won against very stiff worldwide competition because we were able to be competitive," said Jeff Armitage, GKN’s Composite Aerostructures vice-president and managing director.
"It is vindication of the deal our workforce agreed in which they took a pay freeze and agreed to work extra hours.
"It is fantastic for everyone involved to bring work to the Island.
"We are currently recruiting 17 support staff and we expect that to be followed by more, permanent, jobs.
"Our engineering expertise is making a vital contribution to meeting the remarkable range and emissions goals for these aircraft and this new contract win illustrates our growing relationship with Bombardier Aerospace," he added.
GKN Aerospace currently employs more than 1,400, making it the Island’s biggest industrial employer, and is part of a company which last year recorded sales of £7.5 billion worldwide.