Gregory Sancoff spent $15 million on an ocean vessel prototype to sell to the U.S. Navy, but the Navy doesn’t want it.

“It’s a revolutionary program,” Sancoff, founder and CEO of Juliet Marine Systems near Portsmouth, New Hampshire, said. “Nothing like this has ever been built by anybody, not even the Navy.”

But perhaps the reason the Navy has never built is simply because it doesn’t want it – or doesn’t need it. But after hearing about how terrorists attacked the U.S.S. Cole in 2000, Sancoff is convinced the military will come around.

In this photo taken Monday Dec.

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