By using space-harmonic analysis method, the characteristics of vibrational power flow and sound radiation of an infinite submerged cylindrical shell with internal rings and bulkheads are studied analytically. The harmonic motion of the shell and the pressure field in the fluid are described by Flügge shell equations and Helmholtz equation, respectively. The coupling condition on the outer surface of the shell wall is introduced to obtain the vibrational equation of this coupled system. Both four kinds of forces (moments) between rings and shell and between bulkheads and shell are considered. The solution is obtained in series form by expanding the system responses in terms of the space harmonics of the spacings of both ring stiffeners and bulkheads. The vibrational power flow and radiated sound power are obtained and the influences of various complicating effects such as the ring, bulkhead and fluid loading on the results are analyzed. The analytic model is close to engineering practice, which will give some guidelines for noise reduction of this kind structure.