 It was inactivated on 20 November due to the Air Force's policy of retaining only low-numbered groups on active duty after the war, and its mission, personnel and equipment transferred to the 14th Fighter Group which was simultaneously activated.Aces of the 355th Ftr Gp

In August 1955, the group was redesignated the 355th Fighter Group (Air Defense) and reactivated as part of Air Defense Command's Project Arrow, which was designed to bring back on the active list the fighter units which had compiled memorable records in the two world wars.The group replaced the 516th Air Defense Group and assumed its mission, personnel and equipment at McGhee Tyson Airport, near Knoxville Tennessee.