Anduril’s $3.7 billion gamble exposes how Washington buys weapons all wrong

Washington loves a good ribbon-cutting. The harder question is who is still carrying the risk after the cameras leave.

That is what makes Anduril’s new Arsenal-2 shipyard worth watching. As the Washington Examiner reported, Anduril plans to invest $3.7 billion of its own capital in a Baltimore County facility that will manufacture components for Virginia-class submarines. The Navy’s contract is worth up to $2.9 billion.