(07/21/1999) -- Retrieved from the ocean floor three miles deep, the Liberty Bell 7 Project Mercury capsule is revealed to photographers and the media in Port Canaveral, Fla. The capsule was found and raised by Curt Newport (left), leading an expedition sponsored by the Discovery Channel. After its successful 16-minute suborbital flight on July 21, 1961, the Liberty Bell 7, with astronaut Virgil 'Gus' Grissom aboard, splashed down in the Atlantic Ocean. A prematurely jettisoned hatch caused the capsule to flood and a Marine rescue helicopter was unable to lift it. It quickly sank to a three-mile depth. Grissom was rescued but his spacecraft remained lost on the ocean floor, until now. An underwater salvage expert, Newport located the capsule through modern technology, and after one abortive attempt, successfully raised it and brought it to Port Canaveral. The recovery of Liberty Bell 7 fulfilled a 14-year dream for the expedition leader. The capsule is being moved to the Kansas Cosmosphere and Space Center in Hutchinson, Kansas, where it will be restored for eventual public display. Newport has also been involved in salvage operations of the Space Shuttle Challenger and TWA Flight 800 that crashed off the coast of Long Island, N.Y