An announcement is expected in Parliament tomorrow revealing that the former Navy flagship, HMS Ark Royal will be sold as scrap metal for £3million.
The ship was decommissioned in 2010, five years ahead of schedule and has been in Portsmouth harbour ever since.
– MOD spokesman
''HMS Ark Royal was decommissioned in 2010 after three decades of service and an announcement on her future will be made to Parliament on Monday.
'Retiring her five years earlier than planned was a difficult but necessary decision to help address the multi-billion pound Defence deficit and deliver a balanced MoD budget.
''The new, much larger Queen Elizabeth aircraft carriers will start to enter service in 2017.''
The light aircraft carrier led the British fleet during the Iraq invasion after leading the fleet in the Adriatic during the Bosnian War.