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USS Taurus (PHM-3) was the third ship of her class of hydrofoils operated by the United States Navy. Pegasus class vessels were designed for high speed and mobility, and carried a powerful (for their size) armament. The ship was named for the constellation Taurus.

In November 1972, The United States, Germany and Italy signed a Memorandum of Understanding to share the cost of the development of a Patrol Missile Hydrofoil. This brought about the building of the Pegasus class . The Taurus was the first production model.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

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A sailor aboard the patrol combatant missile hydrofoil USS Taurus (PHM 3) stands beside an M60 machine gun as he keeps an eye on a small craft that was stopped after being spotted unusually far from shore

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