Originally established as CVBG-74 (Battle Air Group) on 1 May 1945, it was renamed CVBG-1 on 15 November 1946 before finally being renamed CVG-2 in 1948. During that time, CVG-2 was assigned to (CVB-41). CVG-2 later would see action during the Korean War on board the "Essex"-class carriers , "Valley Forge" and "Philippine Sea". During the war, they supported the Inchon Invasion, bombing of North Korea-occupied Seoul and the recapture of Kimpo Airfield. Starting in 1958, the squadron started an 8-year association with the USS "Midway" which ended in 1966.