US President Donald Trump launched construction of Anduril Industries' Arsenal-2 shipyard at Sparrows Point, Maryland, a project valued at up to $6.6 billion. Anduril is investing $3.7 billion, while the US Navy awarded a contract worth up to $2.9 billion for Virginia-class submarine components. The facility is expected to create over 14,000 jobs and begin operations in 2030.
Trump launches $6.6B Anduril shipyard in Maryland
Source: Moneycontrol