New Maryland defence shipyard gets US$6.6bil commitment

Key points

• “Right here in Sparrows Point, you’ll build the next generation of American submarines,” Trump told a crowd of mostly students from the US Naval Academy, noting the facility will produce torpedo tubes and critical components for Virginia-class attack submarines.
• “American taxpayers will receive a 40% stake in the new shipyard,” Trump added, although he did not indicate what the ownership mechanism would be.
• Anduril is building another facility in California to manufacture Virginia-class submarine components, and plans to expand into producing larger submarine modules and hull sections once its Baltimore shipyard becomes operational.

Sentences selected automatically from the original article by Free Malaysia Today.