Sgt. Smith is only the third serviceman to be awarded the Medal of Honor since the Vietnam War (two were awarded for action in the Somalia hostilities). I am sure Sgt. Smith, who received the award posthumously, will not be the last hero so recognized in the current war. Read more details here and here.
This is the official citation for Sgt. Smith's award:
Every now and then, and always on Memorial Day, I visit this site, the official site of the Congressional Medal of Honor Society, to remind myself of the type of men who have served and sacrificed for the American people. The citation for every Medal of Honor ever awarded is here. I routinely urge everyone I know, regardless of political preference, to visit and browse through those citations regularly. If you're like me you will never fail to come away inspired, humbled, and grateful.
The President of the United States of America, authorized by Act of Congress,
March 3, 1863, has awarded in the name of Congress the Medal of Honor to
Sergeant First Class Paul R. Smith
United States Army
For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty:
Sergeant First Class Paul R. Smith distinguished himself by acts of gallantry and intrepidity above and beyond the call of duty in action with an armed enemy near Baghdad International Airport, Baghdad, Iraq on 4 April 2003. On that day, Sergeant First Class Smith was engaged in the construction of a prisoner of war holding area when his Task Force was violently attacked by a company-sized enemy force. Realizing the vulnerability of over 100 fellow soldiers, Sergeant First Class Smith quickly organized a hasty defense consisting of two platoons of soldiers, one Bradley Fighting Vehicle and three armored personnel carriers. As the fight developed, Sergeant First Class Smith braved hostile enemy fire to personally engage the enemy with hand grenades and anti-tank weapons, and organized the evacuation of three wounded soldiers from an armored personnel carrier struck by a rocket propelled grenade and a 60mm mortar round. Fearing the enemy would overrun their defenses, Sergeant First Class Smith moved under withering enemy fire to man a .50 caliber machine gun mounted on a damaged armored personnel carrier. In total disregard for his own life, he maintained his exposed position in order to engage the attacking enemy force. During this action, he was mortally wounded. His courageous actions helped defeat the enemy attack, and resulted in as many as 50 enemy soldiers killed, while allowing the safe withdrawal of numerous wounded soldiers. Sergeant First Class Smith’s extraordinary heroism and uncommon valor are in keeping with the highest traditions of the military service and reflect great credit upon himself, the Third Infantry Division “Rock of the Marne,” and the United States Army.