The Guardian reported:
Donald Trump on Tuesday announced the opening of a new $6.6bn shipbuilding factory in Baltimore, partly funded by the US government but owned by Anduril Industries, a politically connected defense company.
Trump II wants to build ships faster.
Trump said US taxpayers would “receive a 40% stake” in the shipyard. It is unclear what he meant, and whether the US government is taking an equity share in the company, as it has in some other firms.
Anduril said the operation would not be ready to produce ship parts until 2030.
The Navy Secretary spoke at the event:
In a bizarre warning to adversaries, Cao said: “Piss us off [and] we’ll sneak into your country in the middle of the night and snatch you and your wife while you sleep in your beds.”
That may be the best this group of creeps can do for the next few years, given they are running a pass through entity.
Politicians Red & Blue love PEU (private equity underwriters) and their new TechGod brethren. Increasingly, more are one.