WASHINGTON, DC – Today, the Navy awarded a contract for the towing and dismantling of the decommissioned aircraft carrier Ranger (CV 61) to International Shipbreaking Ltd.
Under the contract, the company will be paid $0.01. The price reflects the net price proposed by International Shipbreaking, which considered the estimated proceeds from the sale of the scrap metal to be generated from dismantling. This is not a sales contract, it is a procurement contract. $0.01 is the lowest price the Navy could possibly have paid the contractor for towing and dismantling the ship.
The ship will be towed from the Navy’s inactive ships maintenance facility in Bremerton, Washington, to International Shipbreaking Ltd.’s ship dismantling facility in Brownsville, Texas for complete dismantling and recycling.