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Trump Launches $6.6 Billion Anduril Shipyard in Maryland for Submarine Components
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Moneycontrol•07-10-2026, 04:05
Trump Launches $6.6 Billion Anduril Shipyard in Maryland for Submarine Components
- •US President Donald Trump launched the construction of the $6.6 billion Arsenal-2 shipyard in Sparrows Point, Maryland, developed by defense technology firm Anduril Industries.
- •The project includes a $3.7 billion investment from Anduril and a $2.9 billion US Navy contract to manufacture components for Virginia-class attack submarines and autonomous systems.
- •Operations are expected to begin in 2030, creating over 3,100 direct jobs and supporting more than 11,000 additional jobs in the region.
- •The new high-tech shipyard aims to expand America's submarine industrial base and address current manufacturing constraints.
- •Trump announced that American taxpayers will receive a 40 percent stake in the new shipyard to ensure its enduring success.
Key Questions Answered
The combined investment and contract for the new shipyard project in Maryland are valued at up to $6.6 billion. Anduril is investing $3.7 billion into the facility at Sparrows Point, while the US Navy has awarded a contract worth up to $2.9 billion.
The new high-tech shipyard facility in Maryland is expected to begin operations in the year 2030.
The components produced at the new Maryland facility will be supplied to General Dynamics' Electric Boat and Huntington Ingalls Industries' Newport News Shipbuilding, which are the two shipyards that build Virginia-class submarines.
