Following the Argentinian invasion of the Falkland Islands in April 1982, the squadron, equipped with nine Sea King HAS.5s, deployed aboard "Hermes" as part of the Operation Corporate Task Force sent to retake the Islands. The squadron carried anti-submarine and surface search patrols around the task force, unsuccessfully attacking a suspected Argentine submarine on the night of 1/2 May, and also rescued survivors from , and . Four Sea Kings were transferred to the stores ship to free up space aboard "Hermes" on 17 May. The Squadron lost two helicopters during the Falklands War, but on both occasions the crews escaped unharmed.