This new squadron assumed the nickname and traditions of the previous Grim Reapers and flew the FG-1D Corsair in the Korean War.

The squadron was assigned to Carrier Air Group 1 aboard the USS Midway and circumnavigated the globe between 27 December 1954 and 14 July 1955.

On 1 May 1966, a new detachment was formed at NAS Oceana primarily to train replacement pilots and Radar Intercept Officers in the areas of aerial refueling, carrier qualification and conventional weapons.

The Key West unit concentrated on air-to-air combat, missile firing and radar intercept techniques.

From 6 July to 16 December 1971, VF-101 Det.66 was assigned to Carrier Air Wing 8 aboard the USS America for a deployment to the Mediterranean Sea.

Following that, on 12 September 1990, a VF-101 Tomcat dropped bombs from a "fleet aircraft" for the first time on the east coast.

Previously, although initially designed as both a fully capable fighter and strike aircraft, the Tomcat had been assigned strictly to the air-to-air role.

VF-101's West Coast counterpart, VF-124 at NAS Miramar, was disestablished in 1994, making VF-101 the sole F-14 FRS.

As the only F-14 FRS until its disestablishment in 2005, VF-101 at one point had as many as 130 F-14s of all three variants, as well as a small number of T-34 Mentors for currency training and range safety.

Honored guests at the ceremony were the surviving members of the Flatley family (three generations of which were VF-101 pilots), who were presented with the squadron flag.

[6] On 10 September 2018, the Chief of Naval Operations promulgated a notice of the "Deactivation of Strike Fighter Squadron One Zero One."