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Maryland Economy

All articles tagged with #maryland economy

politics13 days ago•210 min saved

Trump Blocks Moore From Submarine Deal Unveiling Amid Sparrows Point Investment

President Donald Trump barred Maryland Governor Wes Moore from speaking at a Tuesday event in Sparrows Point, Maryland, where a $3.7 billion private investment by defense firm Anduril was unveiled. The deal includes a $2.9 billion Navy contract for Virginia-class submarine components and aims to create 3,100 permanent jobs. While Moore claimed he helped negotiate the deal, the White House stated he was invited only as a guest. The event also highlighted Anduril’s co-founder Palmer Luckey’s new role in a Pentagon task force.

via CNN|

#anduril #maryland-economy #politics

defense-and-industry14 days ago•1 min saved

Anduril secures $2.9B Navy contract and $3.7B Maryland shipyard investment

Anduril Industries has won a $2.9 billion contract with the U.S. Navy to manufacture components for Virginia-class submarines. Simultaneously, the company announced a $3.7 billion private investment to build a new shipyard, named Arsenal-2, at Sparrows Point in Maryland. The facility is expected to create 3,100 permanent jobs and support 14,000 total positions by 2030. This announcement follows the appointment of Anduril co-founder Palmer Luckey to the Pentagon’s Project Meridian task force, which is tasked with defining future military capabilities.

via CNBC|

#anduril-industries #defense-and-industry #maryland-economy

local9 months ago•30 min saved

National Harbor to host 6,000-seat immersive Sphere-inspired venue

Maryland officials plan a 6,000-seat immersive venue at National Harbor, modeled on Sphere in Las Vegas; it would be financed with about $200 million in public and private tax incentives and subsidies, making it Sphere Entertainment Cos.’ smaller “mini-Sphere,” and is expected to generate about $1 billion in annual economic activity for the DC region once built.

via The Washington Post|

#entertainment-venue-operation #local #maryland-economy