Former Navy flagship HMS Ark Royal will be sold on as scrap metal for £3 million as part of a move that the Ministry of Defence has described as "difficult but necessary".
An announcement in Parliament today is expected to reveal the details of the deal after the vessel was decommissioned in 2010 five years ahead of its expected sell-by date.
The decision comes following a bidding process which included proposals to turn the 22,000-ton ship into a helipad on the Thames, a museum, a hotel, a casino or a diving wreck off the South coast.
Last year HMS Invincible was also sold to a Turkish scrap metal firm as part of the MoD's drive to get its finances in order.
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Dry with sunny spells to start. Warm with hazy sunshine this afternoon
A dry and bright start with long spells of sunshine into this afternoon and feeling fresher
Fine this evening, then dry overnight with mist likely in places. Sunny spells tomorrow morning with hazy sunshine in the afternoon