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Courageous is a 12-metre class yacht. It was the third boat to win the America's Cup twice, in 1974 and 1977, after Intrepid in 1967 and 1970, and Columbia in 1899 and 1901. All three of these boats won for the NYYCmarker and thus the United Statesmarker. Courageous was the first all aluminum hulled 12-metre class yacht.

Courageous successfully defended the America's Cup for the USA in 1974 with Ted Hood at the helm. After the 1974 cup, Hood built a new boat which he thought was faster than Courageous, and sold Courageous to Ted Turner. Turner won the 1977 America's Cup defender trials in Courageous, beating Ted Hood in the process, and then went on to successfully defend the America's Cup later that year.

When preparing Courageous for the 1977 America's Cup, Courageous was re-measured for compliance with the 12-metre class rule. It was discovered that she was lighter than the weight declared in her original racing certificate for the 1974 America's Cup. Less weight typically means a faster performance in lighter winds and a slower performance in stronger winds. If Courageous had been found to be under weight before the competition in 1974 then the designers would have had to make adjustments to sail area, the waterline length, or other attributes to make the design comply with the 12-metre rule. If Courageous was found to be underweight during the event she would have been disqualified. It is only conjecture what effect this oversight had on the result of the 1974 event.

Both Courageous and Intrepid are still sailing and racing today in Newport, Rhode Islandmarker. Intrepid is available for charter whereas Courageous is privately owned.

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