Trump announces construction of largest US shipyard since World War II

Trump announces construction of largest US shipyard since World War II The shipbuilding complex will be located in MarylandWASHINGTON, October 7. /TASS/. The US Navy is beginning construction of the largest shipyard in the country since World War II, US President Donald Trump announced while speaking in Maryland, where the shipbuilding complex will be built. "Today we’re officially launching the construction of the largest new shipyard in the United States. This is since World War II. There’s been nothing like what we’re doing today. The workers of Baltimore and the shipyard here at Sparrow’s Point have been a vital part of the American industrial strength for literally over 100 years, and along these very shores, American tradesmen built one of the first frigates in the US Navy," the president said. Earlier, Anduril Industries, a company specializing in the development and production of unmanned and uncrewed systems, announced a $3.7 billion investment in the construction of the new Arsenal-2 shipyard, which is expected to begin operations in 2030. The facility will manufacture components for Virginia-class submarines. Anduril also signed a $2.9 billion contract with the US Navy to build submarines. Trump added that the US government would own a 40% stake in the new shipyard. 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