In the 1960’s, suddenly the hydrofoil seemed like a fertile area to explore in naval technology. Seafaring nations across the world began development on the hydrofoils all at the same time. Boeing and the United States Navy developed Patrol Hydrofoil Missileship (PHM). Or as the writer of Dark Roast Blend refers to it, a Jetski.
US military developed landing craft hydrofoils. Here is an experimental US Navy LVH model, designed by Lycoming Division of AVCO:
Of course the Soviets were the first to develop a floating hydrofoil tank.
Source: Dark Roast Blend, Blogrolled Here