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VENTURE DEFENSE: The Trump administration is tapping defense tech giant Anduril to build a 2-million-square-foot shipyard outside Baltimore in a $6.6 billion effort to fix one of the Pentagon's most stubborn industrial problems — the U.S. can't build submarines fast enough.
Anduril will invest $3.7 billion of its own capital to construct the facility at Sparrows Point, with the Navy spending up to $2.9 billion purchasing whatever the company successfully produces. The goal: break a production bottleneck that has left shipyards delivering roughly 1.3 Virginia-class attack submarines per year, well short of the Navy's target of two.
The facility is expected to add roughly 9 million labor hours annually — a 15% increase in submarine production capacity — and create more than 14,000 direct and indirect jobs.
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