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Navy Awards Contract for Ranger Dismantling

The Navy awarded a contract, Dec. 22, 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, a price that reflects the net price proposed by International Shipbreaking, Inc., 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… …read more

Read more here:: ASD News (Naval)

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