Anduril's $6.6B submarine push puts HD Hyundai in focus, another leg of the defense-tech buildout beyond drones and software. The company sits at a $61B valuation with Arsenal-1 under construction in

What happened: Anduril Industries is investing in a $6.6 billion submarine component project, drawing focus to its partnership with HD Hyundai, which said no specific talks on the project have occurred. Key numbers: $6.6 billion total potential investment and contract value. $3.7 billion for Arsenal-2 shipyard in Sparrows Point, Maryland. Why it matters: HD Hyundai's existing Anduril ties and smart shipyard expertise raise expectations of deeper cooperation on submarine components or smart manufacturing, though HD Hyundai said nothing specific is under discussion.

Anduril Industries is investing in a $6.6 billion submarine component project, drawing focus to its partnership with HD Hyundai, which said no specific talks on the project have occurred.

HD Hyundai's existing Anduril ties and smart shipyard expertise raise expectations of deeper cooperation on submarine components or smart manufacturing, though HD Hyundai said nothing specific is under discussion.