Trump: Government will take massive stake in ‘next generation’ submarine shipyard
Summary
President Donald Trump announced that the U.S. government will own 40 percent of a new submarine shipyard in Sparrows Point, Maryland. He said this shows the government's strong support for the shipyard’s long-term success.Key Facts
- The new shipyard will be located in Sparrows Point, Maryland.
- The U.S. government will hold a 40 percent ownership stake in the shipyard.
- President Trump announced this plan during a visit to Sparrows Point.
- The shipyard will focus on building next-generation submarines.
- The move reflects a government commitment to support the shipyard’s future success.
- Sparrows Point is an industrial area in Baltimore County.
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