President Trump stood on the ground where Bethlehem Steel once forged Liberty Ships and the steel for the Golden Gate Bridge, and announced what he called the largest new shipyard built in the United States since World War II. The project, named Arsenal-2, will rise on the former Sparrows Point site in Maryland, spanning more than two million square feet across 187 acres. Defense technology firm Anduril Industries is putting up $3.7 billion of its own money, while the Navy is adding a contract worth up to $2.9 billion, bringing the combined commitment to roughly $6.6 billion. The facility is set to manufacture components for the Navy's Virginia-class submarines, including torpedo tubes and autonomous undersea vehicles, with initial production targeted for around 2030.

Trump and Anduril leaders framed the announcement as both a military and economic turning point, with the shipyard expected to create about 3,100 direct jobs and support more than 11,000 additional positions, while generating roughly 2 billion dollars a year in economic output for Maryland. Trump also floated the possibility of the government eventually purchasing up to 21 billion dollars worth of the shipyard's output once it is fully operational. Anduril's leadership tied the project directly to the site's industrial legacy, noting that Sparrows Point once helped build the fleet that won World War II and is now being called on to help modernize America's submarine fleet. Officials say the move is aimed squarely at closing persistent delays in U.S. submarine production while reviving a shipbuilding workforce that has shrunk for decades.