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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Range. They’re too small to have large fuel reserves, so they only work close to land or another large ship.
Also, navies aren’t the real problem these days, it’s much more about air power.
Lastly, most navies have lots of support ships that act as a screening force, they keep small ships away from the slow moving larger targets.
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