You could call it “The Hunt For Red Ink” by the Canadian Navy, and in that battle, anyway, it’s been hugely successful. Canada’s four-boat submarine fleet isn’t even in the water today, and it’s submerging Canadian taxpapers in an ocean of billsWhen Canada bought four mothballed diesel-electric submarines from Britain in 1998 for $750 million, it was called “the deal of the century” by the Canadian government.
Some deal. One of the subs, the Chicoutimi, didn’t even make it back to Canada, catching fire on its maiden voyage and killing one sailor. Bad sign, that. Today the Chicoutimi is in drydock for repairs, along with the other three, and it won’t be in the water until 2013 — if ever.
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