The President of the United States of America takes pleasure in presenting a Gold Star in lieu of a Second Award of the Navy Cross to Captain Frederick Carl Sherman (NSN: 0-7562), United States Navy, for extraordinary heroism and distinguished service in the line of his profession as Commanding Officer of the Aircraft Carrier U.S.S. LEXINGTON (CV-2), in action against enemy forces in the Pacific War Area when his ship was attacked by eighteen Japanese bombing planes on 20 February 1942. As a result of the brilliant performance of the fighting squadrons under his command, the outstanding manner in which he coordinated and timed the employment and relief of his combat patrols and his own expert handling of the ship, sixteen of the eighteen enemy bombers were destroyed, without damage to the U.S.S. LEXINGTON (CV-2). Captain Sherman’s inspiring leadership and the valiant devotion to duty of his command contributed in large measure to the outstanding success of these vital missions and reflect great credit upon the United States Naval Service.