Trump Unveils $2.9B Anduril Deal for Submarine Component Factory in Baltimore

Key Facts

1Anduril Industries won a $2.9 billion US Navy contract to manufacture components for Virginia-class nuclear-powered attack submarines.

2Anduril plans to invest $3.7 billion in the project, which is expected to create more than 3,000 jobs.

3The new factory will be built at the former Bethlehem Steel site in Maryland and is expected to open in 2030.

President Donald Trump unveiled a major defense deal where Anduril Industries won a $2.9 billion US Navy contract to manufacture components for Virginia-class nuclear-powered attack submarines. The New York Times reported that Anduril plans to invest $3.7 billion in the project, which is expected to create more than 3,000 jobs directly.

The new factory will be built at the former Bethlehem Steel site in Maryland and is scheduled to open in 2030 to expand the US maritime industrial base. According to ZeroHedge, the facility integrates industrial hubs with deepwater shipping terminals and rail connections to Norfolk Southern, traded under the ticker NSC. The initiative aims to increase production capacity for nuclear submarines to bolster national and economic security.