With the decree 173 from 14 March 1977 the President of the Italian Republic Giovanni Leone granted the grouping a newly created war flag, which has since been awarded two Silver Medals of Army Valour, one for the regiment's service after the 1976 Friuli earthquake, and one for the regiment's service and sacrifice during the yearly stages of the Yugoslav Wars, when two helicopters of the regiment, detached to the European Community Monitor Mission, were attacked and one shot down near Podrute in Croatia by the Yugoslav Air Force, resulting in the death of four members of the regiment. The war flag is also decorated with a Silver Medal of Civil Valour for the regiment's mountain rescue service in the Julian Alps, and one Bronze Medal of Army Valour awarded to the then autonomous 49th Reconnaissance Helicopters Squadrons Group Capricorno for its services after the 1976 Friuli earthquake.