Anduril and the US Navy back a $6.6 billion submarine-parts expansion.

Anduril plans to invest $3.7 billion in a large manufacturing site at Sparrows Point, Maryland, while the US Navy has awarded the company a $2.9 billion contract tied to submarine-component output. Together, the commitments could reach $6.6 billion and create about 3,100 jobs.

The planned Arsenal-2 complex is expected to become operational by the end of the decade and produce components for Virginia-class submarines. Maryland and local authorities could contribute incentives equal to as much as 13% of Anduril's investment, subject to approvals.