The Navy Paid 1 Cent To Get Rid Of This Ship
The U.S. Navy paid a Texas-based company just one cent to dismantle the historic USS Ranger.By Elizabeth Hagedorn | December 24, 2014
One penny. That’s how much the Navy paid to part with this aircraft carrier.
The company is getting paid exactly one cent to break the carrier into parts and recycle the material — clearly, a symbolic financial arrangement. The company is paying for the towing costs but makes its real money when it goes to sell the scrap.