Defense technology firm Anduril Industries has announced a $3.7 billion investment to develop a new manufacturing facility at Sparrows Point in Baltimore, Maryland. The project, referred to as 'Arsenal-2,' is designed to expand the domestic production capacity for components used in the U.S. Navy’s Virginia-class submarines.

To facilitate the construction and operation of the 2 million-square-foot facility, Anduril has secured a contract with the U.S. Navy valued at up to $2.9 billion. The initiative is projected to generate more than 3,000 jobs for the Baltimore area, marking a significant expansion of the region's industrial and defense-related infrastructure. The facility is intended to address ongoing supply chain needs for the Navy's submarine program, which has faced production bottlenecks in recent years. While the announcement highlights the potential for regional economic growth and increased defense output, specific timelines for the completion of the facility and the commencement of full-scale manufacturing have not been detailed in initial reports.