A £420 million deal has been signed to service the RAF's Chinook helicopters, securing 450 jobs, the Prime Minister has announced.
During a visit to Portsmouth Naval Base, David Cameron said the news would be an "economic boost" for Portsmouth, which lost more than 900 jobs when BAE Systems ended shipbuilding at the site.
He said the Ministry of Defence had signed the multi-million pound five-year contract with Boeing for the in-service support of the Chinook helicopter.
Mr Cameron also revealed £50m would be spent revamping the infrastructure of the base to accommodate the new Queen Elizabeth aircraft carrier when it arrives in 2017.
BAE and Magma Structures have been revealed to be the preferred bidders to occupy the ship hall facilities.
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ITV News reporter Matt Price tweets from Portsmouth:
1/2 Neighbour Peter met the family: "Very ordinary family. It wasn't obvious Ashya was poorly." #FindAshya
ITV News reporter Matt Price tweeted from outside the missing boy's former home in Portsmouth:
House in Portsmouth has no car in drive, all blinds and curtains closed. People tell me house was 'rented.'
The son of D-Day piper Bill Millin has played a replica version of his father's bagpipes for British and US veterans commemorating the anniversary of the Normandy landings in Portsmouth today.
John Millin's father was 21 when he was ordered by his commanding officer Lord Lovat to play the bagpipes as his comrades came under fire at Normandy, on June 6, 1944.
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A man has been arrested after more than 50 cars were damaged overnight in Portsmouth, with many having their tyres slashed.
Hampshire Police said officers had been "working hard all day" following the damage, which they said occurred between midnight and 7am today, before holding a 31-year-old from the city.
Officers, though, will be patrolling the streets where the attacks took place again tonight.
Fire fighters attended a blaze in Portsmouth's Naval Dockyard this evening. Ten fire crews from Hampshire Fire & Rescue have managed to contain the fire, the emergency service reported.
10 fire crews contain a fire at Portsmouth Dockyard. The fire was in the roof and 1st f;loor of a 2-storey building. http://t.co/LwcJ8vl8qf
Around 200 people joined a rally to protest BAE's announcement that it is to stop shipbuilding in Portsmouth.
Many demonstrators carried placards to support workers at the shipyard, where 940 jobs are expected to go if BAE goes ahead with the proposed closure of the site next year.