The yard will produce prefabricated sections for Virginia-class nuclear attack submarines to increase domestic shipbuilding capacity by 15% when it begins operations in 2030. The expansion is expected to create 3,100 direct jobs and 11,000 indirect positions, though the event was marred by political friction. Maryland Governor Wes Moore and state congressional members did not attend after the administration blocked them from participating in the announcement.
Wednesday, October 21, 2026
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US Takes 40% Stake in Anduril's New $6.6B Submarine Yard
Business14 days ago
President Trump announced on Tuesday that the federal government will share ownership in a massive manufacturing hub at Sparrows Point to accelerate the production of naval vessels. The "Arsenal-2" project in Maryland will hold a 40% stake for the US government and combines $3.7B in private capital from Anduril with a US Navy contract that has a $2.9B performance-based ceiling. Officials described the 2 million square foot facility as the largest shipbuilding site established in the country since World War II.
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