(07/21/1999) -- Media and spectators get a close-up view of the Liberty Bell 7 Project Mercury capsule after its recovery from the Atlantic Ocean floor where it lay for 38 years. Launched July 21, 1961, the capsule made a successful 16-minute suborbital flight, with astronaut Virgil 'Gus' Grissom aboard, and 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. Curt Newport, an underwater salvage expert, 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 expedition was sponsored by the Discovery Channel. 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