Palmer Luckey's Anduril and the US Navy are investing billions in a new shipyard to build parts for critical submarines
The Maryland shipyard will produce parts for the Virginia-class submarine in an effort to boost capacity and production.
The US Navy and Anduril Industries, co-founded by former Oculus VR CEO Palmer Luckey, are investing billions to build a new shipyard in Maryland to produce parts for Virginia-class submarines. Supply chain and industrial base issues have caused delays in the delivery of these vessels. The shipyard, named Arsenal-2, is expected to open in 2030.
The $6.6 billion facility, with $3.7 billion from private capital and $2.9 billion from the Navy, aims to address gaps in the submarine industrial base and increase submarine production. It will create over 3,000 direct jobs and support more than 11,000 jobs. Anduril will manufacture critical components, starting with smaller parts and expanding to full vessel sections.
This partnership aims to bolster America's submarine industrial base and meet the country's requirements for producing more submarines.
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