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There is now some official mention of the Barracuda to be found on the Diehl BGT Defence web page. Not much, but I think you guys would like to now...

Quote:

Barracuda
http://www.diehl-bgt-defence.de/uplo.../Barracuda.jpg
Barracuda is a technology demonstration program for a supercavitating underwater missile for defence against torpedoes and for engagement of submarines. It is equipped with a rocket motor, inertial reference unit/autopilot and a mobile, conus-shaped tip. The rocket motor provides Barracuda with an underwater speed of 360km/hr, the inertial reference unit/autopilot stabilizes the missile and the flexible nose cone provides steering. During underwater travel, Barracuda moves in an air bubble, the so-called cavitation bubble which greatly reduces the water resistance, thus enabling the high speed. Some test models of the underwater missile have been built, successfully demonstrating stable straight and curved path accuracy in several tests. Barracuda will be deployed from submarines and from surface vessels.

http://www.diehl-bgt-defence.de/index.php?id=550&L=1