Political speech, timestamped and in context

Donald Trump: “Today we're officially launching the construction of the largest new shipyard in the United States since World…”

Featuring: Donald Trump, Republican | President of the United States | National

'This Is Going To Be A Big Component For Our Future Military': Trump Touts New Shipyard Investment

Published October 6, 2026

Today we're officially launching the construction of the largest new shipyard in the United States since World War II. There's been nothing like what we're doing today. The workers of Baltimore and the shipyard here at Sparrows Point have been a vital part of the American industrial strength for literally over 100 years. (00:00–00:07)

STATEMENT

Asserts the launch of the largest new shipyard in the U.S. since WWII.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

See the main statements from Donald Trump in this video

“American taxpayers will receive a 40% stake in the new shipyard.”
Asserts that American taxpayers will have a 40% stake in the new shipyard.03:02-03:14
“We used to build... four [ships] a day.”
Asserts that the U.S. used to build up to four ships a day.08:26-08:26
“Onderill is investing $3.7 billion in a state of the art shipyard that will be known forever as Arsenal too.”
Asserts that Onderill is investing $3.7 billion in a new shipyard called Arsenal.01:13-01:22
“The US Navy is also contributing an additional $2.9 billion to support the shipyard.”
Asserts that the US Navy is contributing $2.9 billion to support the shipyard.01:55-02:03
“This massive project will create over 3,100 new jobs right here in Maryland and will support an additional 11,000 jobs across the nation.”
Asserts that the shipyard project will create over 3,100 jobs in Maryland and support 11,000 jobs nationwide.02:16-02:27
“Anduril's arsenal... will form part of the industrial backbone of the 21st century of the United States Navy.”
Asserts that Anduril's arsenal will be part of the U.S. Navy's industrial backbone in the 21st century.08:42-08:50