The Navy is rejecting a suggestion by Senate authorizers to re-purpose old Standard Missile-3 guided missiles for live-fire exercises because it would be several times more expensive and have a "limited return on investment," according to a service report sent to Congress last month and viewed by Inside the Navy . Senate authorizers directed the Navy to study that possibility in a report accompanying their version of the latest defense policy bill. In a Dec. 10 report, signed by Navy...