USS Barracuda (SSK-1/SST-3/SS-550), the lead ship of her class, was a submarine that was the third ship of the United States Navy to be named for the barracuda, a voracious, pike-like fish. Her keel was laid down on 1 July 1949 by the Electric Boat Division of General Dynamics Corporation in Groton, Connecticut. She was launched on 2 March 1951 as K-1, sponsored by Mrs. Willis Manning Thomas, and commissioned on 10 November 1951. Notably, future President of the United States Jimmy Carter served as an officer on K-1 as part of its pre-commissioning crew and during its first year of active service until he was reassigned on 16 October 1952.

The Barracuda-class submarines were the product of Project Kayo, a research and development effort begun immediately after World War II by the United States Navy to "solve the problem of using submarines to attack and destroy enemy submarines." They originally had the hull classification symbol SSK, for "hunter-killer submarine".