Mitt Romney rolled out his vice presidential running mate for the first time in the critical swing state of Virginia on Saturday.

Early Saturday morning, Romney’s campaign announced the selection of Rep. Paul Ryan, R-Wis., the House Budget Committee chairman who has energized fiscal conservatives with his budget proposals and sweeping plans for entitlement reform.

As VP speculation reached a fever pitch Friday night, the campaign announced that a pick would be announced in the morning at Romney’s scheduled rally in Norfolk, Va. Signs pointed to Ryan, as top Republicans told ABC News that Romney had named the congressman as his 2012 ticketmate.

Romney and Ryan appeared together as running mates for the first time in Norfolk, at a morning rally held, fittingly, in front of the battleship U.S.S. Wisconsin, draped in American-flag bunting.

“I am deeply excited and honored to join you as your running mate,” Ryan said.