October 9, 2007: Blue Angel makes pass over Frisco Bay boaters

[Bullitt]

That is correct. That's how you get the subject sharp and in focus and blur the background. Used heavily in automotive racing photography. If you use a slower shutter speed and pan the camera with the subject, the background will be blurred while the subject remains sharp, giving the photo a sense of movement and speed instead of what looks like a car just sitting on the track.