General Dynamics Embarks on a Long, and Lucrative, Underwater Mission

General Dynamics Embarks on a Long, and Lucrative, Underwater Mission

It has begun -- the program that could blow a hole in the U.S. Navy's shipbuilding budget for years to come. The effort to replace the entire U.S. strategic, nuclear-missile armed, nuclear-powered "SSBN" fleet with a new fleet of Columbia-class nuclear missile submarines.

Here's what you need to know about it.

"Run silent, run cheap"? Probably not -- the USS Columbia and its sister ships will cost taxpayers a pretty penny. Image source: US Navy.

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Source: Fool.com