The Pegasus-class hydrofoils were a series of fast attack patrol boats employed by the United States Navy. They were in service from 1977 until 1993. These hydrofoils carried the designation "PHM" for "Patrol Hydrofoil, Missile." The Pegasus-class vessels were originally intended for NATO operations in the North Sea and Baltic Sea. Subsequently, participation by other NATO navies, including Germany and Italy, ceased and the U.S. Navy proceeded to procure six PHMs, which were highly successful in conducting coastal operations, such as narcotics interdiction and coastal patrol, in the Caribbean basin.

The USS Tucumcari (PGH-2) was a Boeing-built hydrofoil. Named after Tucumcari, New Mexico, it was the basis for the technology used in the subsequent Pegasus-class patrol boats and the Jetfoil ferries. Its unique feature was a waterjet propulsion and a computer-controlled fully submerged foil configuration of one foil at the bow and foils on the port and starboard sides. The Tucumcari was one of two prototype boats contracted by the Navy under project SCB 252 for the purpose of evaluating the latest hydrofoil technology. The second boat was the rival Grumman-built USS Flagstaff (PGH-1).