2 hrs ago
Trump Launches $6.6 Billion Maryland Shipyard Project
The United States plans to build a large new shipyard in Maryland.
It will be called Arsenal-2 and will be built at Sparrows Point.
Anduril Industries plans to invest $3.7 billion in the project.
The US Navy may provide up to $2.9 billion, depending on production outcomes.
The site will first make parts for Virginia-class submarines.
It is also expected to make autonomous underwater vessels later.
The administration says the project will create thousands of jobs.
Trump and Defence Secretary Pete Hegseth said the project is part of an effort to increase American shipbuilding and defence manufacturing.
Donald Trump and Defence Secretary Pete Hegseth announced a $6.6 billion shipyard project at Sparrows Point, Maryland.
Anduril Industries will invest $3.7 billion to build and operate the facility, named Arsenal-2.
The US Navy is contributing up to $2.9 billion under an agreement tied to production outcomes.
The facility is expected to make components for Virginia-class nuclear-powered attack submarines and later autonomous underwater vessels.
The administration says the project will create more than 3,100 jobs in Maryland and support another 11,000 nationwide.
- Who
- President Donald Trump, Defence Secretary Pete Hegseth, Anduril Industries and the US Navy.
- What
- A $6.6 billion public-private investment to develop the Arsenal-2 shipyard.
- Where
- Sparrows Point, Maryland.
- When
- The project was announced at its launch; no calendar date is specified.
- Why
- The administration says it aims to expand submarine production capacity and strengthen US shipbuilding and the defence industrial base.
Key facts
- Project
- Arsenal-2 shipyard
- Total investment
- $6.6 billion
- Anduril investment
- $3.7 billion
- Navy contribution
- Up to $2.9 billion, under an agreement tied to production outcomes
- Location
- Sparrows Point, Maryland
- Planned production
- Virginia-class submarine components, with autonomous underwater vessels planned eventually
- Projected jobs
- More than 3,100 in Maryland and another 11,000 supported nationwide, according to the administration
Quotes
Donald Trump
US president who announced the shipyard project
“In order to make America great again, you need to make your Navy great again. You need to make shipbuilding great again, our manufacturing great again, our defense industrial base strong and robust again.”
thehansindia.com
“Today, we're officially launching the construction of the largest new shipyard in the United States. Since World War II, there's been nothing like what we're doing today.”
thehansindia.com
Sources
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