USS FORRESTAL

We are thrilled and honored to have been awarded the opportunity by the U.S. Navy to undertake the dismantling and recycling this historic aircraft carrier.

 

The USS Forrestal was decommissioned on Sept. 11, 1993.

 

In 1999, the Navy announced that the aircraft carrier would be available for donation to an eligible organization for use as a museum or memorial.

 

Ultimately, the Navy received no viable applications and the vessel was assigned for disposal in 2003 as the maintenance of the USS Forrestal simply became too expensive, and was costing the government millions of dollars a year.

 

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In May 2012, the Navy solicited proposals for the award of up to three contracts for the dismantling and recycling of inactive carriers, USS Forrestal, USS Saratoga and USS Constellation.

 

All Star Metals, LLC (ASM) was the first of the three offerors to receive its required facility security clearance, and was awarded the contract on October 22, 2013.

 

 

The Navy paid ASM USD $0.01 to fully dismantle and recycle the USS Forrestal.

 

 

This price reflects ASM’s best estimate of proceeds from the sale of the scrap metal to be generated from dismantling.

 

Payments for scrap services paid by the Navy, and other clients, is highly dependent on the often volatile commodities market in scrap iron. There are also significant costs that ASM must incur to recycle the aircraft carrier.

 

 

In January 2014, ASM will tow the USS Forrestal from its current berth at the Navy’s inactive ship facility in Philadelphia, PA, to ASM’s facility in Brownsville, TX.

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The towing process is expected to take 15-17 days (pending any weather delays).

 

 

Once the USS Forrestal safely docks in Texas, the dismantling and recycling process will begin, and is estimated to take 18 months to complete.

 

Navy personnel will be on site full time to monitor ASM’s performance during the dismantling.

 

The scrap material from the aircraft carrier will ultimately be sold to various processors and manufacturers who will use the materials to produce new, recycled products.