A single Tomahawk cruise missile costs roughly $600,000. A non-explosive guided railgun projectile could cost much less.
It's all about cost to benefit ratio.
So long as the Navy can keep the cost of each 'firing of an individual rail projectile and associated maintenance costs' lower than the 600K blown for each Tomahawk cruise missile (which I'm assuming the Navy has cut the cost down to the bare minimum), it's all good.
But then again, time your weapon system is down for maintenance is a huge concern, so we shall see.


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