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International Business Times UK

Politics

Stephanie Cruz

Trump Awards $2.9B Navy Contract to Anduril, a Defense Firm Backed by Don Jr-Linked Venture Fund

Anduril Trump Jr Navy Don Jr Donald Trump Donald Trump Jr. 1789 Capital Jamie Raskin Palmer Luckey Virginia

Anduril plans to expand submarine production as Rep. Raskin probes whether 1789 Capital benefited from Trump-era decisions. (Credit: X| @anduritech)

President Donald Trump's administration has handed Anduril Industries a Navy contract worth up to $2.9B (£2.2B) to build parts for Virginia-class attack submarines, a deal Trump unveiled in person on Tuesday 6 October. Among Anduril's backers is 1789 Capital, the venture fund where his eldest son, Donald Trump Jr., is a partner.

Trump made the announcement at Tradepoint Atlantic in Sparrows Point, Baltimore County, Maryland. The industrial site, once home to Bethlehem Steel, is where Anduril plans to build Arsenal-2, a shipyard covering more than 2 million square feet.

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