I was going to post about how the EX 171 Extended Range Guided Munition (ERGM) was in trouble, but I wasn't quick enough and now it's had its funding stopped.
The end comes after the Navy spent more than $600 million on unsuccessful efforts by Raytheon to produced a precision munition that could be fired from a ship's 5-inch gun and then fly, guided by satellites, to a target about 50 miles away.
ERGM failed a series of test firings in February, according to industry sources.
Below is a video of an ERGM test.
