Trump Gives U.S. 40% Stake in $6.6 Billion Submarine Shipyard

3 articles · Updated · Fox News · Oct 7

A 40% government stake in Arsenal-2 was unveiled Tuesday as part of a $6.6 billion Baltimore shipyard project to expand U.S. submarine output.
Anduril is putting up $3.7 billion to build the facility, while the Navy could spend up to $2.9 billion buying its production; the ownership rights and government consideration were not disclosed.
The plant is meant to ease a persistent Virginia-class bottleneck: U.S. yards deliver about 1.3 submarines a year versus the Navy's goal of 2, with torpedo tubes identified as a key constraint.
Once operating around 2030, the 2 million-square-foot yard is expected to add 9 million labor hours annually, lift Virginia-class capacity roughly 15%, and create 3,100 direct jobs.
The deal extends the administration's use of equity stakes in strategic industries as Washington tries to narrow a shipbuilding gap with China, which produces more than half of global commercial tonnage.