Archer 'Archie' Sloan's name is a likely reference to the U.S.S. Archerfish, which in 1944 sank the Japanese super-carrier Shinano, the largest warship ever sunk by a submarine.
In Nov. 1958, MGM distributed this film on a double bill with Fiend Without a Face as the second feature.
This movie represents one of a select group of a few World War II submarine movies which have won the one single Academy Award in a technical category, that's just only the one Oscar in either special effects or sound editing. These movies include Crash Dive; The Enemy Below; Torpedo Run and U-571. The non-WW II sub-movie, The Hunt for Red October also won just the one Oscar as did the WW 2 part sub-movie 49th Parallel, but for Best Original Story.