'Ghost Ship' Gets $9.67 Million

Juliet Marine Systems Inc. of Portsmouth, developer of the GHOST stealth littoral defense ship, has taken in $9.67 million in the company’s first institutional funding round, according to the website masshightech.com.

A filing with the U.S. Securities and Exchange Commission shows there were four backers in the funding round for Juliet Marine, the website reports, although they are not named. Listed as related persons are company directors Kevin Kinsella of Atlas Ventures and former Sen. John E. Sununu, along with a pair of retired Rear Admirals – Rear Admiral Jay M. Cohen and Rear Admiral Thomas E. Richards.

The GHOST operates on the surface with waterfoils partially under, but does so without having to deal with drag from the water that slows down normal boats. Supposedly the GHOST uses a principle called supercavitation, which means a water vapor bubble big enough to encompass the two tubular floats at the end of its wing-like waterfoils is created at speed, cutting the drag by a factor of 900, the company claims.