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Navy Cross is the Navy's equivalent to the Army's Distinguished Service Cross and the Air Force Cross. It is usually only awarded to Navy, Marine Corps or Coast Guard personel, but can be awarded to any member of the US Military. It is the second highest award for valor a serviceman can receive. Essentially its a step down from the Congressional Medal of Honor. Note: Not really a big deal, but it is referred to as a medal, not a ribbon.

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Q: What do you get a navy cross ribbon for?
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