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The Fastest Ship in the U.S. Navy. Boeing Pegasus-Class Hydrofoils - This video depicts some of the Boeing-built hydrofoils named after Tucumcari, New Mexico, it was the basis for the technology used in the subsequent Pegasus-class patrol boats and the Jetfoil ferries.
The reason is simple: with older Los-Angeles-class fast-attack submarines (built between 1972 and 1996) retiring at a faster pace than Virginia subs are added, the U.S. Navy will face a shortfall in the number of active vessels in the near future.