The Navy has decided not to go forward with rehabilitating the USS Miami, an attack submarine that was heavily damaged by an arsonist last May.
Military Times reports that the Navy concluded that repairing the nuclear submarine, which was launched in 1988, is more than the department can afford.
A Navy official told Military Times that deactivating the Miami will force the branch to lose five deployments it would have made over the next decade.
"We will open up funds to support other vital maintenance efforts, improving the wholeness and readiness of the fleet," Rear Adm. Rick Breckenridge said in a statement.
Fixes to the Miami, which was burned by a civilian Navy employee during drydock in Portsmouth, Va. on May 23, 2012, would have cost $450 million, well more than the Navy planned to spend, Military Times says.