Trump announces $6.6bn defense shipyard owned by top Republican donor’s firm
Summary
President Donald Trump announced a new $6.6 billion shipbuilding factory in Baltimore owned by Anduril Industries, a defense company linked to a major Republican donor. The factory will partly be funded by the U.S. Navy and will focus on building parts for nuclear-powered submarines, with production expected to start around 2030.Key Facts
- The new shipyard, called "Arsenal Two," is located in Sparrows Point, Baltimore.
- Anduril Industries will own the factory, combining $2.9 billion from the U.S. Navy and $3.7 billion from private funding.
- Anduril’s founder, Palmer Luckey, is a major Republican fundraiser who has supported President Trump and other GOP politicians.
- The factory will build torpedo tubes and other parts for Virginia-class nuclear submarines.
- Anduril has experience in smaller unmanned maritime systems but no known history in manned submarine manufacturing.
- Production at the new factory is not expected to begin before 2030.
- Acting Navy Secretary Hung Cao praised the project as a partnership that speeds up Navy procurement and highlighted the use of advanced artificial intelligence.
- President Trump mentioned that taxpayers would receive a 40% stake in the shipyard, though details were unclear.
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