Once-classified Navy stealth ship, the Sea Shadow,” built in 1985 by Lockheed Martin under contract with the U.S. Navy for a price of $50 million, was sold in auction to a shipyard for scrapping — for $2.5 million.
The bid from Bay Ship & Yacht Co. won the federal government auction. The firm was interested not so much in the space-age stealth ship, but the barge that houses it, which will be converted into a drydock, according to a report by The Sacramento Bee.
The goal was to test whether radar-evading technology proven in fighter aircraft could also be applied to ships. The experiment was a success and Sea Shadow proved in exercises that it could sneak up on aircraft carriers undetected, but the vessel went largely unused in its lifetime.
After trying unsuccessfully to give Sea Shadow away to a museum, the Navy decided earlier this year to sell it for its scrap value alone.