The President of the United States of America takes pleasure in presenting the Navy Cross to Commander Peter Michael Moncy, United States Navy, for extraordinary heroism and distinguished service in the line of his profession as Commanding Officer of the Fleet Oiler USS Laramie (AO 16), in handling his ship and crew when that vessel was attacked and damaged on 28 August 1942 during operations in the Atlantic Ocean. Commander Moncy ordered all hands to battle stations the instant he observed the attack was imminent, thereby preventing numerous casualties. He also maneuvered clear of the formation, at the same time capably directing damage control organization in correcting list and trim. By his thoroughness of preparation, skill and leadership, he was able to abandon the area of the attack and bring his ship safely into port. Commander Moncy'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.