WATCH: President Trump Announces Arsenal-2 Shipyard in Baltimore President Trump visited Sparrows Point to announce the construction of Arsenal-2, the largest new shipyard in the U.S. since World War 2. The massive $6.6 public-private investment will provide over 3,000 new jobs, while building complex components for the Virginia-class submarine. The U.S. Navy has committed up to $2.9 billion for the project, and America will receive a 40% stake in the shipyard. Maryland also committed to over $400 million in state tax credits and funding.
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