$2.9 Billion Contract in Hand, Anduril May Already Be America's Second-Biggest Navy Warship Builder

Anduril Industries, a private defense contractor founded by Oculus inventor Palmer Luckey, has secured a $2.9 billion U.S. Navy contract to build submarine components and plans to invest $3.7 billion in a new 2 million-square-foot shipyard near Baltimore. The move positions Anduril as a potential rival to incumbent submarine builders Huntington Ingalls and General Dynamics, while leveraging its existing autonomous submarine business to potentially become America's most important military shipbuilder.