Article: Taiwanese Businessman Hopes to Build Hybrid Watercraft in Norfolk, Va.

By Dennis O'Brien, Daily Press, Newport News, Va. Knight Ridder/Tribune Business News

Mar. 17--The craft looks like an airplane, travels primarily on water like a boat, but is neither. It's the Xtreme Xplorer, and the developers of the half-boat, half-plane hybrid hope their venture will prove xtremely successful.

The Xplorer's design stems from Soviet war machines dubbed "Caspian Sea Monsters" -- huge, fast craft used in anti-submarine warfare.

Until recently, much of the information about "wing-in-ground" craft, like the monsters and the Xplorer, was secret.

"Then The Wall fell, and the civil servants that were building ...

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