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Michael Bosiljevac was born on October 9, 1945, in Omaha, Nebraska. He was commissioned through the U.S. Air Force Academy on June 7, 1967, and then received an Air Force Institute of Technology assignment to the University of Minnesota, where he received his Masters degree in 1969. Lieutenant Bosiljevac next attended Undergraduate Pilot Training but did not complete the course. He then went through Undergraduate Navigator Training, graduating in November 1970, and Electronic Warfare Officers training, graduating in July 1971. Bosiljevac next attended F-105G Wild Weasel upgrade training and was assigned to the 17th Wild Weasel Squadron of the 388th Tactical Fighter Wing stationed at Korat Royal Thai AFB, Thailand, in November 1971. While flying a mission over North Vietnam on September 29, 1972, he and his pilot were forced to eject.

Bosiljevac was captured but died in captivity four days later from his injuries, on October 3, 1972. Major Bosiljevac's remains were returned to the United States on September 24, 1987.
- Silver Star (2)
- Distinguished Flying Cross (3)
- Prisoner of War Medal