The cut-price fee reflects the fact the company will profit from selling the ship metal for scrap, officials said.
The USS Kitty Hawk aircraft carrier in Hong Kong in 2008.The USS Kitty Hawk and USS John F. Kennedy had been decommissioned for years.See more stories on Insider's business pageThe US Navy sold two aircraft carriers to a ship-breaking company for 1 cent each after decades of service.
Naval Sea Systems Command, a US Navy suborganization, said it had agreed to sell the USS Kitty Hawk and the USS John F.
The Kitty Hawk was decommissioned in 2017 and the John F. Kennedy in 2009. Both have spent their time since being maintained in naval yards.
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