Story highlights A guided-missile submarine hit a buoy and grounded on November 25

The accident did $1 million in damage to the USS Georgia

(CNN) A November accident has cost a U.S. submarine commander his job and taxpayers at least $1 million, the Navy says.

The USS Georgia, an Ohio-class guided missile submarine, struck a channel buoy and grounded as it was returning to port in Kings Bay, Georgia, on November 25, the Navy said.

Capt. Dave Adams of the Georgia was relieved of command on Monday by Rear Adm. Randy Crites, commander of Submarine Group 10 at Naval Submarine Base Kings Bay.

"Commanding officers are held to the highest standards of professional conduct and accept the responsibility of command with full regard for its consequences," the Navy statement said.

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