CAPTAIN ARTHUR J. SCHULTZ, JR. received his Navy Cross for extraordinary heroism and intrepid perseverance as pilot of a scouting plane in action against enemy Japanese forces in the Coral Sea on May 7 and 8, 1942. Participating in a dive bombing attack on an enemy aircraft carrier on May 7, Ensign Schultz contributed materially to the destruction of the vessel by pressing home his attack with skill and determination. On May 8, as member of the anti-torpedo plane patrol, he launched repeated counterattacks against Japanese aircraft in the face of heavy fighter opposition. His conscientious devotion to duty and utter disregard of personal safety were in keeping with the highest traditions of the United States Naval Service.

Captain Schultz joined the Legion of Valor in 1975.