Business
Trump announces $6.6bn Anduril submarine shipyard in Baltimore
October 6, 2026 at 10:30 PM · Updated 9d ago
Coverage
4 reports · 1 in Arabic, 3 in English · over 3 hours
Trump on Tuesday unveiled a $6.6bn Baltimore shipyard owned by defense firm Anduril, backed by a $2.9bn navy contract and $3.7bn of company investment.
- Trump announced the opening of the Sparrows Point factory, where Anduril will build components for Virginia-class attack submarines.
- Anduril will receive a $2.9bn US navy contract and invest $3.7bn to develop the facility, dubbed Arsenal-2.
- Trump said US taxpayers would receive a 40% stake in the shipyard.
- The administration barred Maryland Governor Wes Moore from speaking; Moore said he had helped secure the deal for his state.
- Trump danced off stage to the song 'YMCA' after delivering his remarks at the Sparrows Point shipyard launch.


