The U.S. Maritime Administration will invest $35 million through its Small Shipyard Grant Program in fiscal year 2026 to support facility upgrades, equipment purchases, and workforce training at shipyards across the country.

Saronic Technologies, Austin, Texas, announced it has raised $1.75 billion in Series D funding to expand autonomous vessel production, shipyard infrastructure, and manufacturing capacity in the United States. The funding round values the company at $9.25 billion.