The squadron was redesignated the 773d Troop Carrier Squadron and activated at Memphis Municipal Airport, Tennessee 0n 16 January 1953.
 At Memphis, it absorbed the mission, personnel and Fairchild C-119 Flying Boxcars of the 346th Troop Carrier Squadron, a reserve unit that had been mobilized for the Korean War and was being returned to the reserves.
 In August, the squadron departed the civilian airfield at Memphis for the newly reopened Ardmore Air Force Base, Oklahoma.

The squadron airlifted equipment and supplies and supported Army airborne exercises.
 The squadron became one of the first to equip with the new Lockheed C-130A Hercules in 1956.
 In September 1957, Tactical Air Command (TAC) converted the 463d Wing to the dual deputy system.
  The 463d Group was inactivated, and the squadron was assigned directly to the 463d Troop Carrier Wing.

In July 1958, president Camille Chamoun of Lebanon was facing an insurgency against his government and requested military assistance from the United States, which implemented Operation Blue Bat.
 The squadron, along with other elements of the 463d Wing, flew command elements of Nineteenth Air Force and other personnel and equipment of the Composite Air Strike Force to locations in the Middle East.
The following month, the squadron provided airlift for the 1958 Taiwan Strait Crisis.
The squadron was redesignated the 773d Troop Carrier Squadron and activated at Memphis Municipal Airport, Tennessee 0n 16 January 1953.  At Memphis, it absorbed the mission, personnel and Fairchild C-119 Flying Boxcars of the 346th Troop Carrier Squadron, a reserve unit that had been mobilized for the Korean War and was being returned to the reserves.  In August, the squadron departed the civilian airfield at Memphis for the newly reopened Ardmore Air Force Base, Oklahoma.
The squadron airlifted equipment and supplies and supported Army airborne exercises.  The squadron became one of the first to equip with the new Lockheed C-130A Hercules in 1956.  In September 1957, Tactical Air Command (TAC) converted the 463d Wing to the dual deputy system.   The 463d Group was inactivated, and the squadron was assigned directly to the 463d Troop Carrier Wing.
In July 1958, president Camille Chamoun of Lebanon was facing an insurgency against his government and requested military assistance from the United States, which implemented Operation Blue Bat.  The squadron, along with other elements of the 463d Wing, flew command elements of Nineteenth Air Force and other personnel and equipment of the Composite Air Strike Force to locations in the Middle East. The following month, the squadron provided airlift for the 1958 Taiwan Strait Crisis.
773d Airlift Squadron