The Elco 80ft PT-314 was the lead boat of the 48 boats built for the namesake subclass of Elco PT boats. It was laid down at the Elco shipyard in Bayonne on 11 December 1942, launched on 20 February 1943, and completed on 11 March that year. It was assigned to the 5th Motor Torpedo Boat Flotilla and saw service during the Solomon Islands campaign. A year later, PT-314 was reassigned to the 4th Flotilla and served as a training boat in Melville, Rhode Island. It would serve under this capacity until it was decommissioned on 16 January 1946. Unlike other PT boats that were either scrapped or disposed of after the war, PT-314 was sold on 23 June 1948 to Gustav Henry Dreyer, a ferry operator from New York City who later converted it into a ferry and renamed it America. Under this new civilian identity, it would serve for 48 years under different owners before it was finally decommissioned and scrapped in 1996.

The PT-314 was introduced in Update 1.77 "Advancing Storm". As a mid-war variant of the Elco 80ft PT boat family, it sports significantly improved armaments over its predecessor, the PT-103, while being similar in layout to its successor, the PT-565. Equipped with the 37 mm gun derived from the P-39 Airacobra at the bow and the powerful 40 mm Bofors autocannon at the stern, this arrangement encourages hit-and-run or ambush tactics, as the Bofors offers much more reliable firepower. However, much like any other PT boat, the PT-314 is still vulnerable from the sides and cannot afford taking hits.