The Navy is walking away from the Constellation-class frigate program to focus on new classes of warships the service can build faster, Secretary of the Navy John Phelan announced Tuesday on social ...

The Constellation-class frigate will now go the same way as the Zumwalt-class destroyer and the Littoral Combat Ship—expensive programs canceled well before their time, at great cost to the taxpayer.

The US Navy’s beleaguered shipbuilding program took a major hit on Tuesday as Navy Secretary John Phelan announced he was cancelling plans to buy Constellation-class frigates, once heralded as a key ...

The Navy said late Tuesday it plans to cancel the bulk of the $22 billion Constellation-class guided-missile frigate program dogged by delays and cost overruns. Navy Secretary John Phelan announced ...

ROME — The US Navy is cancelling its Constellation frigate program following months of cost overruns and delays but plans to keep two vessels that are already being built in Wisconsin. “We’re ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Wanna see a trick? Give us any topic and we can tie it back to the economy. At Planet Money, we explore the forces that shape our lives and bring you along for the ride. Don't just understand the ...