Artist's rendering of a railgun mounted on USNS Millinocket. Image source: U.S. Navy.
Motley Fool: Navy's New Mach 6 EM Railgun Almost Ready for Prime Time
The latest railgun test suggests the Navy could be moving closer to deployment.
For more than three years now, I've been tracking the U.S. Navy's progress toward building a working electromagnetic railgun prototype -- a Mach 6 cannon reputedly capable of striking targets 110 miles away with pinpoint accuracy.
Each railgun projectile would cost about $25,000 to produce -- and if you're keeping track, then yes, success on the railgun project would yield a weapon boasting nearly twice the 67-mile range of Boeing's (NYSE:BA) Harpoon II missile but costing just 1/48th the Boeing missile's $1.2 million cost.
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WNU Editor: Its field tests should begin later this year.