US firm gets $2.9bn sub deal after boss joins war study with Musk
Summary
Anduril Industries, a US defense technology company, will invest $3.7 billion to build a shipyard in Maryland to make parts for the US Navy’s Virginia-class submarines. The company received a $2.9 billion contract from the Navy and is involved in a Defense Department project led by Palmer Luckey and Elon Musk focused on future military technology.Key Facts
- Anduril will build a new shipyard called Arsenal-2 in Maryland to make submarine parts.
- The US Navy gave Anduril a $2.9 billion contract for manufacturing components for Virginia-class submarines.
- President Donald Trump plans to announce the shipyard expansion in Baltimore.
- Palmer Luckey, Anduril’s co-founder, and Elon Musk lead a Pentagon project called Project Meridian on future warfare tech.
- Anduril makes autonomous systems like drones and underwater vessels for the military.
- The new facility will produce parts like torpedo tubes and hull components for Virginia-class fast-attack submarines.
- The shipyard is expected to create around 3,100 direct jobs and support over 11,000 indirect jobs.
- The Navy has struggled to build two submarines per year due to supply and labor issues and currently produces about 1.1 to 1.2 boats annually.
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