Overview
Gray Lady Down is a 1978 American submarine disaster film directed by David Greene and starring Charlton Heston, David Carradine, Stacy Keach, Ned Beatty, Ronny Cox and Rosemary Forsyth, and includes the feature film debut of Michael O'Keefe and Christopher Reeve. It is based on David Lavallee's 1971 novel Event 1000.
Plot
Aging, respected Captain Paul Blanchard is on his final submarine tour before promotion to command of a submarine squadron (COMSUBRON). Surfaced and returning to port, the submarine, USS Neptune, is struck by a Norwegian freighter en route to New York in heavy fog. With the engine room flooded and its main propulsion disabled, the Neptune sinks to a depth of or approx. 241.6 fathoms) on a canyon ledge above the ocean floor. A United States Navy rescue force, commanded by Captain Hal Bennett, arrives on the scene, but Neptune is subsequently rolled by a gravity slide to a greater angle that does not allow the Navy's Deep-submergence rescue vehicle (DSRV) to complete its work. As technical malfunctions increase, the submarine's sections get flooded and men die, crewmen have nervous breakdowns and tensions grow between the commanding officers.
A small experimental submersible, Snark, is brought in to assist with the rescue. Snark is very capable, but run by a U.S. Navy officer misfit, Captain Don Gates. The tiny submersible is the only hope for a rescue. Ultimately, the surviving members of the crew are rescued by the DSRV, thanks to Gates sacrificing himself by using the Snark to jam the Neptune in place as another gravity slide begins while the rescue is taking place. Moments later the gravity slide pushes the Neptune and the Snark off the ledge and into the ocean's abyss.
From Wikipedia (CC BY-SA 4.0).