US firm gets $2.9bn sub deal after boss joins war study with Musk

What happened: Anduril said it will invest $3.7bn in a new Maryland shipyard, Arsenal-2, and received a $2.9bn US Navy contract to build components for Virginia-class submarines. Key numbers: $3.7bn investment. $2.9bn contract. 3,100 jobs, over 11,000 indirect roles. Navy operates 26 Virginia-class boats, two more due in 2027. Why it matters: The deal is part of Pentagon efforts to accelerate naval shipbuilding amid supply chain disruptions and labour shortages. Anduril co-founder Palmer Luckey leads Project Meridian with Elon Musk, a study on future warfare.

Anduril said it will invest $3.7bn in a new Maryland shipyard, Arsenal-2, and received a $2.9bn US Navy contract to build components for Virginia-class submarines.

The deal is part of Pentagon efforts to accelerate naval shipbuilding amid supply chain disruptions and labour shortages. Anduril co-founder Palmer Luckey leads Project Meridian with Elon Musk, a study on future warfare.