Trump To Spend Billions To Beef Up Navy’s Submarine Fleet
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11 Articles
Trump To Spend Billions To Beef Up Navy’s Submarine Fleet
President Donald Trump is set to announce a deal on Tuesday that will pump over $6 billion into manufacturing Virginia-class submarines at a soon-to-be built facility in Maryland. The deal includes a $3.7 billion investment from California-based defense and technology company Anduril Industries — coupled with a $2.9 billion contract given to Anduril by the United States Navy — to build a state-of-the-art shipyard that will be named Arsenal 2. “T…
US President Donald Trump announced a $6.6 billion investment by the federal government and Anduril Industries in the production of key components for Virginia-class nuclear submarines in Baltimore at an event in Baltimore on Tuesday, CBS television reported.
Trump has introduced to Sparrows Point the yard "Arsenal-2" of Anduril: 3.7 billion private and a contract of the Navy up to 2.9 for members of submarines class Virginia from 2030. The founder is a great republican donor.
On October 6, 2026, U.S. President Donald Trump delivered a speech at the Atlantic Yard trade point in Cape Sparrow, Maryland. That day, Trump announced that Anduril Industries would invest $3.7 billion to build a new shipyard in the area, and the U.S. Navy would provide an additional contract of up to $2.9 billion, bringing the total project value to $6.6 billion. (Win McNamee/Getty Images/AFP)
Trump announces plans to build $6.6 billion shipyard at Sparrows Point - Times Kuwait
US President Donald Trump on Tuesday announced plans to build the largest new shipyard in the United States since World War II at Sparrows Point in Maryland. The mega-project involves a USD 3.7 billion investment by defense technology firm Anduril and a USD 2.9 billion contribution from the US Navy, bringing total public-private funding to USD 6.6 billion. The project is aimed at revitalizing the US naval defense industrial base. Speaking during…
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