Einar Axel Malmstrom (July 14, 1907 – August 21, 1954) was a colonel in the United States Air Force.

Malmstrom was called to active service as a first lieutenant on September 16, 1940, at Parkwater, Washington.

He spent a year in captivity at Stalag Luft I where he was American commander of the south compound.

Malmstrom returned to the U.S. in May 1945 and was assigned as Air Inspector for the 312th Base Unit in Barksdale, Louisiana, the XIX Tactical Air Command at Biggs Field, Texas, and at Greenville, South Carolina.

In February 1954 he was assigned to Great Falls Air Force Base in Montana, as Deputy Wing Commander of the 407th Strategic Fighter Wing.Malmstrom was killed in a Lockheed T-33 fighter jet crash near Great Falls Air Force Base in Montana on August 21, 1954.