President Trump stated on October 6, 2026, that American taxpayers will receive a 40 percent stake in a planned submarine shipyard in Sparrows Point, Maryland. During his visit to the site, located in an unincorporated industrial area of Baltimore County, he emphasized the government's commitment to the shipyard's long-term success, saying, "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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Trump Announces Government Stake in New Submarine Shipyard
On October 6, 2026, President Trump announced that American taxpayers will hold a 40 percent stake in a new submarine shipyard in Sparrows Point, Maryland. This announcement was made during his visit to the site, highlighting the government's commitment to the shipyard's success.
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Trump: Government will take massive stake in ‘next generation’ submarine shipyard
Trump Announces Government Stake in New Submarine Shipyard