When it comes to military technology -- and military naval technology in particular -- most people would probably agree that "the future is nuclear." The most advanced aircraft carriers in the world are American, and they're all nuclear-powered. The fastest, most powerful submarines are nuke boats built by American defense contractors General Dynamics (NYSE: GD ) and Huntington Ingalls (NYSE: HII ) as well.
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The U.S. Navy currently possesses 72 active submarines -- all nuclear-powered. Following America's example, navies from Russia to France to England to even China and India have opted to add nuclear-powered submarines to their fleets. And why wouldn't they? Doesn't nuclear offer "progress" over previous generations of diesel-electric powered submarines?