WATCH LIVE: President Donald J. Trump speaks on new shipyard in Maryland

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SecWar: "Our first Commander-in-Chief once wisely said that without a decisive naval force, we can do nothing definitive — but with it, George Washington said, we can do everything honorable and glorious. This current Commander-in-Chief, Donald J. Trump, I know because I hear it every single day, feels the exact same way."

POTUS announces construction of the largest new shipyard in the United States since WWII at Sparrows Point in Maryland — with anduriltech's $3.7B investment alongside the Navy's $2.9B contribution.

POTUS: "In the ultimate proof to our commitment to ensuring the shipyard's enduring success, American taxpayers will receive a 40% stake in the new shipyard."

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