President Donald Trump announced the U.S.government will take a 40% stake in the new shipyard being built in Baltimore to boost submarine production, adding a major government ownership component to the $6.6 billion project."The ultimate proof of our commitment to ensuring the shipyard's enduring success: American taxpayers will receive a 40 percent stake in the new shipyard," Trump said during remarks in Sparrows Point on Tuesday.
"We get 40 percent."Anduril has said the stake will be in a new subsidiary created to operate the Arsenal-2 shipyard, rather than in the defense tech company itself.Further details about what rights come with the government's 40% interest, what the government is providing in exchange and how it could ultimately generate a return have not yet been publicly released.Fox News Digital has reached out to Anduril and the White House for details.U.S.
President Donald Trump appears on stage to deliver remarks at Tradepoint Atlantic on October 6, 2026, in Sparrows Point, Maryland.President Trump announced a $3.7 billion investment by defense contractor Anduril Industries to build a new shipyard at Tradepoint Atlantic, which will manufacture Virginia-class attack submarines, in what is expected to create thousands of permanent jobs and become the largest single private investment in the state.
(Win McNamee/Getty Images)STARTUPS BRING INNOVATION TO DEFENSE INDUSTRIAL BASEThe size of the stake stands out even as the Trump administration has increasingly taken direct government interests in companies and projects it considers critical to national security.The administration has struck equity arrangements involving chipmaker Intel, rare earths producer MP Materials and other strategic industries.The arrangement is part of a broader $6.6 billion effort to expand production of Virginia-class attack submarines as the U.S.
struggles to keep pace with China's vast shipbuilding capacities and the Navy falls behind on its production goal.Anduril is commit...