Related to Los Angeles Times article, "Greatest Armada in Nation's History Passes in Review; Navy Parades Strength in Sea and Air Tableau; Hundreds of Ships and Aircraft Pass in Stately Review Before Crowds Masses on Shore." Los Angeles Times, 20 Apr. 1932: A1.
This photograph is similar to another one of battleships captioned "Might in Air, on and Beneath Surface Displayed. No. 1 shows cruiser force led by flagship light cruiser Augusta."