Anduril lands $2.9 billion Navy submarine shipyard contract days after CEO joins Pentagon weapons group

Palmer Luckey, founder of Anduril Industries, during a Bloomberg Tech interview at Anduril's headquarters in Costa Mesa, California, Oct. 10, 2025.Kyle Grillot | Bloomberg | Getty ImagesAnduril won an up to $2.9 billion contract with the U.S. Navy on Tuesday to boost submarine production, days after CEO Palmer Luckey was named to a Pentagon future weapons task force.The company is also investing $3.7 billion to scale a new shipyard at Sparrows Point, outside Baltimore, Maryland, slated to start operations in 2030 and create about 3,100 jobs. Anduril said the more than 2 million-square-foot facility, dubbed Arsenal-2, will build components for the Virginia-class submarine. Some components, including torpedo tubes, will be manufactured at a 160,000-square-foot facility in Orange County, California."This is about putting more food on the table and being able to meet the requirements that our country has to produce more submarines," said Anduril President and Chief Strategy Officer Chris Brose in a press briefing. The deal comes days after the Department of Defense tapped Anduril co-founder Luckey to join a new initiative called Project Meridian to identify and develop capabilities for...