Anduril, US Navy invest $6.6 billion to boost submarine parts production

Anduril says it will invest $3.7 billion in a new Maryland shipyard to produce critical components for the U.S. Navy’s Virginia-class nuclear attack submarines, and it has also won a contract worth up to $2.9 billion from the Navy. Combined, the company expects the effort to total as much as $6.6 billion. The Arsenal-2 facility will be built in Baltimore County and is targeted to be operating by the end of the decade, creating 3,100 direct jobs and supporting more than 11,000 indirect roles. Anduril will take most execution risk, with payments tied to production outcomes. The program comes as the U.S. expands arms manufacturing with allies.