Trump reveals surprise American taxpayer stake in new $6.6B submarine deal

President Donald Trump announced the U.S. government will take a 40% stake in the new shipyard being built in Baltimore to boost submarine production, adding a major government ownership component to the $6.6 billion project.

"The ultimate proof of our commitment to ensuring the shipyard's enduring success: American taxpayers will receive a 40 percent stake in the new shipyard," Trump said during remarks in Sparrows Point on Tuesday. "We get 40 percent."

Anduril has said the stake...