The squadron was established in June 1987, flying the Eurocopter HH-65A Dolphin from Palmachim Airbase.

One Panther helicopter crashed on January 3, 2022 killing two airmen and injuring a naval officer.

Hezbollah member Hamad Maslam Musabu Hamra was captured on the ship and with him a device Combat and many training materials intended for Palestinians.

On August 11, 2008, a ceremony was held at the Ramat David Airbase to mark the return of the helicopter, which underwent a series of repairs and tests by the base's maintenance squadron.

The emblem shows a " manta ray " type fish whose floating motion in the water represents the combination of Flight and sailing.