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 Lieutenant Paul Algodte Holmberg, United States Navy, for extraordinary heroism in operations against the enemy while serving as Pilot of a carrier-based Navy Dive Bomber in Bombing Squadron THREE (VB-3), attached to the U.S.S. SARATOGA (CV-3), during actions against a Japanese naval task force in the Solomon Islands area on 24 August 1942. With complete disregard for his own personal safety, Lieutenant Holmberg launched a determined and vigorous attack against an enemy aircraft carrier, contributing effectively to the probable destruction of that vessel. His aggressive action, maintained in the face of wither anti-aircraft fire and violent fighter opposition, was in keeping with the highest traditions of the United States Naval Service.