Anduril Announces $3.7 Billion Maryland Shipyard and $2.9 Billion Navy Contract

Anduril announced plans for a $3.7 billion shipyard at Sparrows Point, Maryland, expected to employ 3,100 people and produce components for Virginia-class submarines. The company also received a $2.9 billion U.S. Navy contract; the facility is targeted to become operational by the end of the decade. President Trump said U.S. taxpayers would receive a 40% stake, but the ownership mechanism was not specified.

Why it matters. The project could add U.S. submarine-component manufacturing capacity and affect Navy procurement, regional employment, and public investment.