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MoneyThe Hill

Anduril to invest $3.7B in new Baltimore shipyard to build Virginia-class submarine parts

Defense contractor Anduril is planning to invest $3.7 billion into a new shipyard in Sparrows Point, Baltimore, to manufacture parts for Virginia-class submarines. The company secured up to a $2.9 billion contract with the U.S. Navy to help establish the 2 million square-foot facility, dubbed Arsenal-2, that will create more than 3,000 jobs in Maryland. …

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