They were fast, cheap and could take out very big ships with their 2 torpedos. Ok they could be sunk easily but so what – they cost a fraction of what one missile costs – so build a bunch and send em out, no? What am I missing?
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The nearest equivalent, up to about 10 years ago, would probably be the Patrol Coastal class of ship. US Navy PC-1 was the first of that class, ending with PC-14, which had some stealth features. They were retired and given to the Coast Guard for a while, but I think mostly now they’re decommissioned.
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