Trump: Government will take massive stake in 'next generation' submarine shipyard
Headline from The Hill
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.
The Hill's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
During the announcement, Trump touted Baltimore's history in making ships for U.S. wars and said the facility would help America build up its force of submarines for the current era.
The president is expected to announce during the event that the defense contractor will invest $3.7 billion into a new shipyard in Baltimore to manufacture parts for Virginia-class submarines.
President Donald Trump will deliver remarks at 4 p.m. Tuesday at Tradepoint Atlantic in Baltimore County, Maryland, where he is expected to tout a major investment aimed at expanding U.S. submarine production and defense manufacturing.
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.
President Donald Trump traveled to Sparrows Point, Maryland, on Tuesday to announce construction of Arsenal-2, which he said will be the largest new shipyard in the United States.
Trump: Government will take massive stake in 'next generation' submarine shipyard | Since Then
