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Two nearly completed Navy ships totalling $300M are being scraped

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Two massive 660-foot Navy ships that were never completed — yet still cost taxpayers at least $300 million — are being towed to a Texas salvage yard for scrap. The U.S. Treasury will not receive a payment. The two refueling tankers were tied up in legal messes after the shipyard building them went out of business in 1989. Although nearly completed, the ships were single-hulled instead of the modern double-hull standard, so they were eventually deemed unusable.