In 2001-2, the facility was renamed The North Carolina Aviation Museum, reflecting an expanded mission that included artifacts, uniforms, weapons, artwork and models.

During this time-frame,[citation needed] the NCAM was also designated as the official site for the North Carolina Aviation Hall of Fame.

Both names were combined and now the facility is referred to as the North Carolina Aviation Museum and Hall of Fame.

In 2008, the museum featured a F4U-4 Corsair, courtesy of Classic Fighters of America pilot Doug Matthews, one of an estimated 40 air-worthy examples in the world.

The event includes visiting aircraft displays, free small airplane flights for children, helicopter rides, a racing car exhibit, Ham Radio demonstrations, face painting by the Marines, remote control model aircraft, and scale model displays.