President Trump announced Tuesday that the federal government and Anduril Industries are investing a total of $6.6 billion to build critical components for Virginia-class submarines in Baltimore, a joint effort meant to boost US maritime dominance.
The shipyard, known as Arsenal-2, will be supported by $3.7 billion in capital from California-based Anduril and another $2.9 billion from a contract between the company and the US Navy.
The facility will be constructed at Sparrows Point, site of a shipyard and a former Bethlehem Steel plant, to produce torpedo tubes and eventually ship sections — including bows and sterns, among other components, an industry official said.
Trump said in a speech later near the project site at Tradepoint Atlantic that the effort will make the US both “feared” and “respected” on the world stage.
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