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 ...

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 ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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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 ...

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