Will the U.S. Navy Torpedo Its Most Lethal Warship?
http://www.fool.com/investing/genera...l-warship.aspx
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The United States Navy has a massive new stealth destroyer. Two of them, in fact -- but now it looks like they might never get a third.
Seeking a stealthy, survivable destroyer to lead it into the 21st century, and one with the range to threaten targets both on land as well as at sea, the U.S. Navy began developing the DDG 1000 destroyer class back in 1994. By 2001, the Navy had settled upon a plan to build 32 such vessels, a plan that was later scaled back to first seven, then just three.
Prime contractor General Dynamics (NYSE:GD) has the first two DDG 1000s already (mostly) completed. The USS Zumwalt (DDG 1000) is due to reach initial operating capability in 2016, and the USS Michael Monsoor (DDG 1001) should be delivered for sea trials that same year. The third ship of what's come to be called the Zumwalt class, USS Lyndon B. Johnson (DDG 1002), is already 41% complete and due for delivery in 2018. But as BloombergBusiness reports, the Pentagon will review plans to finish its construction later this month -- with an eye toward not finishing the ship.
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Has the US govt decided that there is a limit to military spending?
Will we regret this in the future, can we manage naval conflicts without this new platform? Or will hawks comes to the rescue and keep the money pipeline open. And what can this ship do that a sub cannot?