Bloomberg: The Feds Won’t Buy This $19 Million Stealth Boat—or Let It Be Sold Abroad
With his patents under gag order, Gregory Sancoff is being ghosted by the government.
Self-made millionaire Gregory Sancoff has spent a decade and $19 million building a highly unusual stealth boat. Called Ghost, it’s designed to be faster, more stable, and more fuel-efficient than anything currently in the U.S. Navy’s fleet, he says. “It’s such a smooth ride, you can sit there and drink your coffee going through six-foot swells,” he proudly told Bloomberg Businessweek in 2014.
But there’s a problem: The Pentagon doesn’t want Sancoff’s boat—and also won’t let him sell it abroad.
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Update: The US Navy - Screwing The Taxpayers, And Defense Innovators (Zero Hedge).
Previous Post: The Case For The Stealthy Warship Known As 'GHOST' (August 28, 2015)
WNU Editor: This story reminds me of the time when the Japanese were interested in buying the F-22 when the announcement was made that the production line was being terminated .... but the Pentagon said no. Rather lose jobs and markets if the technology gets out there (which has probably been stolen anyway).