Trump turns to emerging tech giant in multi-billion bid to ramp up US submarine production

What happened: The Trump administration is backing Anduril in a $6.6 billion effort to speed submarine production. Anduril will build a shipyard at Sparrows Point near Baltimore to make submarine components, with Trump announcing it Tuesday. Key numbers: $6.6 billion total effort; Anduril invests $3.7 billion; Navy could spend up to $2.9 Why it matters: The deal bets on a commercial model for a troubled industrial base, with Anduril risking its own capital while the Navy pays for results. It also deepens Anduril's Pentagon ties after founder Palmer Luckey was tapped for Project Meridian.

Trump taps emerging tech giant for multi-billion submarine production boost.

Trump taps emerging tech giant for multi-billion submarine production boost. — impact context not separately stored; see What changed.