The Navy Cross is now the second highest military decoration that may be awarded to a member of the United States Navy, U.S. Marine Corps, (and to members of the Coast Guard when operating under the authority of the Department of the Navy). It is awarded for extraordinary heroism:
Actions that merit the Navy Cross must be of such a high degree that they are above those required for all other U.S. combat decorations but do not merit award of the Medal of Honor. The Navy Cross is equivalent to the Distinguished Service Cross (Army) and the Air Force Cross (Air Force).