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Bob Stuart is a wealthy idler living off the riches of his father's shipbuilding fortune. Bob's girl friend, Joan Harlan, urges him to work, and so he goes to work for his father. The Stuart shipyard is going full force in order to build a speedboat to win a race that will also win them a big contract. When a rival company sends in thugs to destroy the speedboat, Bob fires his father's manager because he suspects his involvement. Bob then designs a speedboat himself and drives the boat during the race. Bob escapes from the speedboat just before a bomb set the night before by the rival shipbuilder explodes. Bob and his crew confront the saboteurs and after a violent fight, force the leader of the gang to confess their misdeeds. The Stuarts win the boat contract.