On 6 October, Maryland and Baltimore County announced a $3.7 billion private capital investment by Anduril Industries in Arsenal-2, a two-million-square-foot software-defined shipyard in Baltimore County that will expand America's submarine industrial base. [E1]
The facility is expected to support over 14,000 jobs, including the creation of more than 3,100 new permanent jobs. [E2]
Maryland and Baltimore County have committed to match up to 13% of Anduril's anticipated private investment through existing economic incentive programs and new appropriations that still require approval by the Maryland General Assembly and the Baltimore County Council. [E3]
The Associated Press reported that the Trump administration is trying to revive America's shipbuilding capabilities for national security and economic reasons. [E4] The Associated Press reported that Trump said the deal will allow U.S. taxpayers to take a 40% stake in the shipyard and will ensure that "the historic grounds of Sparrows Point will never fall silent again." [E5]