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CNBC, Reuters, Breaking Defense and local outlets confirm Anduril's up to $2.9B Navy submarine components contract and $3.7B Maryland shipyard investment, days after Luckey's Project Meridian role.

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Home/Tech/Anduril wins up to $2.9B Navy submarine contract after Luckey Pentagon role
VERIFIEDBy Xavier Rivera· ·1 min read

Anduril wins up to $2.9B Navy submarine contract after Luckey Pentagon role

Anduril has won an up to $2.9 billion Navy contract to build Virginia-class submarine components days after co-founder Palmer Luckey was named to a Pentagon weapons task force. The company is also investing $3.7 billion in a new Maryland shipyard expected to open in 2030.

Source:CNBC Tech
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Anduril wins up to $2.9B Navy submarine contract after Luckey Pentagon role
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TL;DRAI · 60 sec read

Anduril secures a contract worth up to $2.9 billion from the U.S. Navy to support submarine production. The award follows co-founder Palmer Luckey's appointment to a Pentagon task force on future weapons. The company commits $3.7 billion to a 2 million-square-foot shipyard near Baltimore that will make Virginia-class parts and begin operations in 2030.

⚐ CORRECTED 

Wrong: the summary called Palmer Luckey Anduril's CEO. Right: Luckey is Anduril's co-founder (CNBC corrected the same title error in its own report). The contract, shipyard and Project Meridian details are unchanged.

→ All corrections
Anduril has secured a contract worth up to $2.9 billion from the U.S. Navy to support submarine production. The award came days after co-founder Palmer Luckey joined a Pentagon task force on future weapons.

Anduril commits $3.7 billion to new Maryland shipyard. The company will build a 2 million-square-foot facility at Sparrows Point outside Baltimore. Operations are slated to begin in 2030 and create about 3,100 jobs.
The Pentagon named Luckey to the new initiative, which also includes former House Speaker Newt Gingrich and SpaceX CEO Elon Musk.

Some components, including torpedo tubes, will be manufactured at a separate 160,000-square-foot site in Orange County, California. The shipyard will focus on parts for the Virginia-class submarine program.
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Contract targets increased submarine output. Anduril President and Chief Strategy Officer Chris Brose said the work addresses national requirements to produce more submarines. The company aims to become a larger part of the supply chain for lead builders General Dynamics Electric Boat and Huntington Ingalls Industries.
Anduril, known for autonomous drones, is moving into conventional submarine components.
Luckey joins Project Meridian task force. The Pentagon named Luckey to the new initiative, which also includes former House Speaker Newt Gingrich and SpaceX CEO Elon Musk. The group will identify capabilities for future U.S. conflicts.
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Defense tech firms expand shipbuilding role. Anduril, known for autonomous drones, is moving into conventional submarine components. General Dynamics received a $76.6 billion Navy award this summer to build submarines.
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