 On 1 September 1948 the Navy again changed the carrier air group designation scheme; all CVAGs and CVBGs were designated CVGs and CVAG-3 once again became CVG-3.On 20 December 1963 all carrier air groups in existence were redesignated "Carrier Air Wings (CVW)" and Carrier Air Group THREE (CVG-3) was redesignated Carrier Air Wing THREE (CVW-3)

The wing was deployed on "Saratoga" until the ship was torpedoed in January 1942.Part of the wing was then deployed aboard and helped cripple the during the Battle of Midway.