Anduril wins a U.S. Navy contract worth up to $2.9 billion to boost submarine production. The company is investing $3.7 billion in Arsenal-2, a shipyard at Sparrows Point, Maryland, that is slated to begin operations in 2030 and create about 3,100 jobs; it will build Virginia-class submarine components. The award comes days after CEO Palmer Luckey joins the Pentagon’s Project Meridian future-weapons initiative, raising questions about defense tech companies’ growing influence in Washington.
Divergent Technologies raises $290 million to expand production of missile parts and other specialized military components. The round values the company at $2.3 billion and includes $40 million in debt; its customers include Lockheed Martin, RTX, and General Dynamics. The funding supports expansion of its Los Angeles manufacturing facilities and a new Oklahoma factory, while its 3D printers can produce up to 600 parts.
