US Navy, Anduril Unveil $6.6B Shipyard Plan for Submarine Parts Production

The US Navy and Anduril Industries have announced a $6.6 billion plan to build a new shipyard in Maryland for the production of Virginia-class submarine components and other subsea systems. Anduril plans to invest $3.7 billion in the project, with the Navy contributing the remainder. The shipyard is expected to create around 1,500 jobs and support the Navy's goal of increasing the submarine fleet to 70 boats by 2040.