Its a foreign award and not a badge. You are only allowed one foreign badge but can wear multiple foreign awards. In the Army foreign awards are worn on the right side above the pocket. Some are awarded to individuals but many are awarded to units (like teh Presidential Unit Citation). Anyone in the unit when it is awarded accepts it as a permanent award and anyone subsequently assigned to the unit wears it only while assigned to the unit.
I switched to the AF in 96. In the AF you wear all awards on the left side and only wear them if you were in a unit when it was awarded.
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