How to get an aircraft carrier for a penny

The US Navy sells the now-decommissioned USS Forrestal for 1 cent to a scrap metal company.

By MSN Money Partner Oct 25, 2013 3:42PM
File photo of The USS Forrestal, 1991. © Mark Foley/APBy Paul Szoldra, Business Insider

The U.S. Navy's first supercarrier, the now-decommissioned USS Forrestal, has been sold for one cent to All Star Metals to be taken apart and scrapped.

The Navy awarded the contract to the Texas company on Oct. 22. The net price proposed by the company "considered the estimated proceeds from the sale of the scrap metal to be generated from dismantling," according to an official statement.


Now, All Star Metals will develop a plan to tow the aging carrier -- first launched in 1954 and decommissioned in 1993 -- from Philadelphia to Brownsville, Texas.


Despite its long service life, the ship is perhaps best known for a tragic electrical accident that triggered an explosion onboard in 1967, resulting in 134 killed and more than 300 injured, according to Fox News.


"It’s something that the Navy is caught between a rock and a hard place," Ken Killmeyer, historian for the USS Forrestal Association and a survivor of the 1967 incident, told Fox. “They have to have these vessels no matter how big or small they are, and they use them as you would your car until they’re no longer financially viable. So, they decommission them.”


The Navy attempted to make the ship into a museum or memorial, but didn't get any viable offers, according to NPR.


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152Comments
Oct 25, 2013 4:16PM
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I would've paid a whole dollar to say I owned an aircraft carrier
Oct 25, 2013 4:15PM
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Any wonder why our Government is so f'd up?
Oct 25, 2013 4:16PM
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Sounds like someone had their hand in the cookie jar.  They are going to make a mint tearing that thing apart.
Oct 25, 2013 4:14PM
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Why didn't Florida or Texas buy this, ,clean it, sink it, and then have the worlds best wreck dive / artificial reef site? seems that the state govenments are not using their heads...
Oct 25, 2013 4:57PM
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Senator McCain survived that conflagration.  They were arming, and refueling, the planes for a mission over North Vietnam.  One of the ordnance men was wearing a nylon flight deck vest, instead of the cotton ones, and another pulled the safety pins on a rocket pack, too early.  Static electricity caused the rockets to be launched, into senator McCain's A-4 Skyhawk, which had just been refueled, causing the ensuing explosions and fires.  While in the navy, I had many friends that were on that lady of the sea, and some of them probably still have nightmares of that tragedy, at least the ones left.
Oct 25, 2013 4:15PM
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Should have made her into a man-made reef.

 

Oct 25, 2013 4:16PM
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Anybody want to bet that ALL STAR METALS is owned by a big Obama supporter?  Or some politician's family?  Even as "scrap",  the Forrestal must be worth several million times the price paid for it.
Oct 25, 2013 4:47PM
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Can that be made into condos? How cool would that be. City park on deck!
Oct 25, 2013 4:29PM
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Some people clearly have no idea in the amount of work it will take to scrap this beast. It's not like dropping off a car at the junk yard. There are years of work ahead to strip the thing down and separate the various materials, some of them hazardous. Then it must be cut up into manageable pieces and transported. This is a multi-year project. The article noted that penny is the net price after recouping the salvageable parts.
Oct 25, 2013 4:22PM
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Didn't get any viable offers ?!!! For a museum, Hell, I'd have gave them a dollar and they'd have made 100 times the money on the sale, maybe even $10 and they'd up their profit 1000%.

That's why the government can't run anything efficiently, they can't even sell something for scrap without losing money. I can't believe they didn't get any viable offers, anything over a penny would have been a viable offer as far as I'm concerned.

Oct 25, 2013 4:38PM
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I am surprised Honda did not buy it.  That is enough metal for their 2015-2017 lineup.
Oct 25, 2013 4:44PM
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Watch the Texans sell the metal to China!
Oct 25, 2013 4:44PM
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damn, I got  $20 if they want to make some real money.  And I'm already in Philadelphia, so I can pick it up this evening.  Cruise for chicks on the Delaware River.  Would be SWEET!
Oct 25, 2013 5:40PM
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I wonder how the company that bought the USS Forrestal, All Star Metals a subsidiary of Scrap Metal Services LLC. out of Burnham, ILL. the Chicago area,  won the bid, oh who in the government is from this area, and think all for 1 cent.
Oct 25, 2013 4:25PM
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I guess the asbestos and hazardous chemicals on board effected the price.
Oct 25, 2013 5:35PM
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they sold it to a company that could do the scrapping, that's all,  the ship did its service and now will do its service supplying jobs for those that are dismantling it.
Oct 25, 2013 4:47PM
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I would have paid them several thousand dollars for it: t would make one hell of a house-boat.
Oct 25, 2013 5:18PM
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I have a few cents. I could start my own Navy. LOL
Oct 25, 2013 5:10PM
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Should have given it to China in turn for debt reduction
Oct 25, 2013 4:45PM
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From Philadelphia to Brownsville, TX? Okay everybody grab a paddle and lets get started.
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