Trump: Government will take massive stake in 'next generation' submarine shipyard

Source: thehill.com · Section: politics · Bias: Right · Published: Tue, 06 Oct 2026 22:20:56 GMT

President Trump said Tuesday that American taxpayers will get a 40 percent stake in the planned shipyard in Sparrows Point, Md., an unincorporated industrial area in Baltimore County, which he visited Tuesday. “In the ultimate proof of our commitment to ensuring shipyards enduring success American taxpayers will receive 40 percent stake in the new shipyard,”...

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