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KENNEDY SPACE CENTER, FLA. -- Gunther Wendt takes a turn at the podium after viewing the recovered Liberty Bell 7 Project Mercury capsule, seen in the background. At right is Curt Newport who led the expedition to find and retrieve the capsule. The expedition was sponsored by the Discovery Channel. Wendt worked on the Liberty Bell 7 before its launch July 21, 1961. After its successful 16-minute suborbital flight, 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