Trump Announces New $6.6B Submarine Shipyard in Maryland

President Trump announced a $6.6 billion investment in a new 2M sq ft submarine shipyard in Maryland, with Anduril Industries investing $3.7B and the U.S. Navy awarding a $2.9B contract. The facility will produce components for Virginia-class nuclear attack submarines and support 3,100 direct jobs.

Why it matters. The new shipyard will increase submarine production capacity, supporting U.S. defense needs and creating jobs.