I stumbled across an interesting concept for a hybrid between a frigate and a submarine. The SMX-25 is designed to transit at high speed on the surface and then submerge upon reaching its destination.
This looks like creative way to get around the "There are only two types of ships: submarines, and targets!" problem. It's essentially fast attack missile boat with 16 VLS cells + submarine with 4 torpedo tubes. Operating in a semi-surfaced mode would keep a sail with sensors above water but drastically reduce the signature of the ship and its vulnerability to anti-ship missiles.
A design of this nature seems like it would be very well protected from most of the threats to surface ships without giving up the speed that conventional submarines are forced to sacrifice.
Now as far as I know, this thing is just Vaporware at the moment and may never see the light of day. The defensive and stealthy advantages of such a ship seem quite nice, yet it almost reminds me of WWII era submarines. I would think there would be a number of technical challenges to trying to operate both above and below the waves, and the ship may just end up doing a poor job of both.
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