BREAKING: Anduril and the US Navy are putting $6.6 BILLION into a new submarine shipyard, and taxpayers are getting a 40% stake in it.
$3.7B from Anduril. Up to $2.9B from the Navy, paid on results.
Stocks to watch:
HII: Huntington Ingalls
Newport News receives the components for final assembly.
GD: General Dynamics
Owns Electric Boat, the other prime that gets them.
BWXT: BWX Technologies Sole supplier of naval nuclear reactors. More subs means more reactors.
CW: Curtiss-Wright Supplies pumps, valves and control systems on every Virginia-class built.