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Trump turns to emerging tech giant in multi-billion bid to ramp up US submarine production

The defense tech firm will invest $3.7B of its own capital in a 2M-square-foot facility at Sparrows Point


The Trump administration is turning to a defense technology giant in a $6.6 billion effort to speed production of submarines as the U.S. struggles to keep pace with China's vast shipbuilding capacity.

The ramp-up in production brings a Silicon Valley-style manufacturer into one of the Pentagon's most troubled industrial bases as they fall behind expected pace of two Virginia-class attack submarines per year.

Anduril will build a more than 2-million-square-foot shipyard at Sparrows Point shipyard just outside of Baltimore to manufacture critical submarine components, eventually scaling up to large sections of the vessels. A senior administration official said the facility could add roughly 9 million labor hours a year, equivalent to about a 15% increase in submarine production capacity.

President Donald Trump will visit the shipyard on Tuesday afternoon to formally announce the new initiative in Baltimore alongside Anduril leadership. ---More...


In a massive announcement from Maryland, President Trump announces $3.7 BILLION from Anduril to build a new 2-million-square-foot submarine manufacturing shipyard — the largest new shipyard since WWII

AMAZING!!

It will even build AUTONOMOUS subs and other critical components.

Over 3,100 new jobs, and support 11K jobs nationwide

$2.9B additionally is coming from the Trump admin and Congressional GOP


Read next: President Trump has suspended the £31 billion ‘tech prosperity’ deal with Britain

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