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President Donald Trump announced a $6.6 billion investment with AI defense company Anduril Industries on Tuesday -- the most recent government funding agreement into a company with investment ties to the president's sons.
The Trump administration announced the Navy will support $2.9 billion of the total cost to help create a new facility in Baltimore County, Maryland, that will manufacture critical parts for the Virginia-class nuclear-powered fast-attack submarine.
"In a tremendous victory for our country and for the city of Baltimore, Anduril is investing $3.7 billion in a state-of-the-art shipyard that will be known forever as Arsenal-2," Trump said at an event announcing the investment.
