The President of the United States of America takes pleasure in presenting a Second Gold Star in lieu of a Third Award of the Distinguished Flying Cross to Lieutenant, Junior Grade Michael Stephen Alexatos (NSN: 0-153600), United States Navy, for heroism and extraordinary achievement while participating in aerial flight while serving as Pilot of a carrier-based fighter plane assigned to a shipping strike in the vicinity of the Bonin Islands. On 4 July 1944, after rendezvousing at sea, he encountered and attacked a group of enemy ships in the face of strong anti-aircraft fire. He played a major part in the sinking of two and the damaging of a third. His courage and disregard for his own safety were at all times in keeping with the highest traditions of the United States Naval Service.