Abstract: A gyro compass positioning apparatus is disclosed for use in lowering and accurately orienting a first object such as an underwater pipeline junction manifold to the floor of a body of water. The gyro compass positioning apparatus comprises a north seeking gyro compass in combination with a closed circuit television camera, all enclosed in a pressure housing. The closed circuit television camera is mounted above the north seeking gyro compass such that it is continuously viewing the orientation of the needle of the compass and displaying this orientation on a television monitor which is located on the surface ship. The first object or underwater pipeline junction manifold is attached to the bottom of the pressure housing by a mounting bracket and in predetermined orientation thereto.