If Cracken has Munitions Failsafe and Cluster Missiles equipped and triggers failsafe after rolling attack dice, did the attack still take place and just miss or was the attack canceled and that ends the engagement phase for him?

Specifically, can he trigger Failsafe, then hand an action off to a friendly and then attack another ship at R0-1, trigger failsafe and again pass an action and spend 0 net charges?