Remains of Downed USS Lexington Found Near Austrailia
"(This is) to pay tribute to the USS Lexington and the courageous men that served on her is an honour", Mr Allen wrote on his website.
It was heavily damaged by Japanese carrier bombers after the Battle of the Coral Sea in May 1942 and scuttled by the US Navy to prevent its capture.
Mr Allen's director of subsea operations, Robert Kraft, added: "Lexington was on our priority list because she was one of the capital ships that was lost during World War Two".
Discovered lying dormant in the Coral Sea, over 500 miles off the coast of eastern Australia, the Lexington was discovered by Research Vessel (R/V) Petrel on March 4.
Allen-led expeditions have also resulted in the discovery of the USS Indianapolis, USS Ward, USS Astoria, Japanese battleship Musashi and the Italian WWII destroyer Artigliere.
It was the first battle between aircraft carriers but Lexington was hit by multiple torpedoes, badly damaged and 216 crew members killed.
The ship was one of the first American aircraft carriers and one of the main targets of the Japanese sneak attack on Pearl Harbor in December 1941, although the Lexington was at sea at the time of the attack and thus escaped the fate of most of the Pacific Fleet moored at the naval base.
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However, 2,770 crewmen and officers were rescued by U.S. ships nearby, including the captain and his popular dog, a black cocker spaniel named Wags. "We've been planning to locate the Lexington for about six months and it came together nicely".
The wreckage of a U.S. aircraft carrier credited with helping save Australia from possible Japanese invasion during World War II has been found off the Queensland coast.
Admiral Harry Harris leads the U.S. military's Pacific Command and his father was one of the sailors evacuated from USS Lexington.
The Battle of the Coral Sea marked a new era of Navy warfare, where battles would often be fought between carrier-launched planes, with ships never even coming within sight of each other. Since its deployment in early 2017, the ship was active in several missions in the Philippine Sea before its transition to the Coral Sea off the Australian Coast.
Allen, one of Microsoft's co-founders, has led a number of other successful underwater search missions and also discovered the USS Indianapolis past year, after it sank in 1945. His team was also responsible for presentation to the British Navy in honor of its heroic service.
Seattle Seahawks owner Paul Allen has struck gold again in another expedition to find wreckage of a vessel lost at sea.
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