Anduril to invest $3.7 billion in new Baltimore shipyard for submarine parts
The Hill · October 6, 2026Original source ↗
What happened
Defense contractor Anduril is making a $3.7 billion investment in Sparrows Point, Baltimore, to establish a shipyard that will manufacture parts for Virginia-class submarines. The facility, named Arsenal-2, is expected to generate over 3,000 jobs in the area and has received a contract of up to $2.9 billion from the U.S. Navy.
Why it matters
The investment represents a significant economic boost and job creation for the local Maryland economy.
How this story affects people
How does this story affect you if you live in Maryland?
The investment in the new shipyard will create over 3,000 jobs in the area, providing employment opportunities for local residents. This could lead to increased economic activity and growth in the community.
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