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Arsenal-2 will produce Virginia-class submarine components at Sparrows Point, with initial operations expected in 2030.
Defense tech firm Anduril unveiled plans on Tuesday for a $3.7 billion shipyard in Maryland that is expected to generate 3,100 jobs, in a ceremony attended by President Donald Trump.
In a significant development for the U.S. Navy, a major investment of $6.6 billion has been unveiled for the establishment of Arsenal-2, a new manufacturing