On 31 March 1992, the 48th Operations Group was activated as a result of the 48th Tactical Fighter Wing implementing the USAF objective wing organization.
Upon activation, the 48th OG was bestowed the lineage and history of the 48th Fighter-Bomber Group and its predecessor organizations.
The 48th OG was assigned the Fighter Squadrons previously assigned to the 48th Fighter Wing upon activation, all equipped with the General Dynamics F-111F. it phased out the F-111 aircraft and was equipped with F-15 aircraft, at first 2 squadrons of "E" model Strike Eagles and then later adding a full squadron of "C" & "D" model Eagles.

Lakenheath began to receive its first McDonnell Douglas F-15E Strike Eagles in 1992.
With the departure of the F-111s, the 495th Fighter Squadron was inactivated on 13 December 1991.
On 18 December 1992 the last F-111F departed the base.
Along with the departure of the F-111F's, the 493d Fighter Squadron was also inactivated.

With the pending closure of Bitburg Air Base Germany on 25 February 1994 it was decided to reactivate the 493d as an F-15C/D squadron.
Aircraft were transferred from Eglin AFB Florida and the 493d was reactivated on 1 January.
The 493rd's arrival meant that the 48th became the largest F-15E/F-15C composite unit in the U.S. Air Force.

In August 1998 an F-15D (Serial 86–182) of the 493d Fighter Squadron paid a visit to Chaumont-Semoutiers Air Base (now called Quartier General d'Aboville), France for an open house static display.
This was the first time a Statue of Liberty Wing aircraft was at its original air base in almost 40 years.
On 31 March 1992, the 48th Operations Group was activated as a result of the 48th Tactical Fighter Wing implementing the USAF objective wing organization. Upon activation, the 48th OG was bestowed the lineage and history of the 48th Fighter-Bomber Group and its predecessor organizations. The 48th OG was assigned the Fighter Squadrons previously assigned to the 48th Fighter Wing upon activation, all equipped with the General Dynamics F-111F. it phased out the F-111 aircraft and was equipped with F-15 aircraft, at first 2 squadrons of "E" model Strike Eagles and then later adding a full squadron of "C" & "D" model Eagles.
Lakenheath began to receive its first McDonnell Douglas F-15E Strike Eagles in 1992. With the departure of the F-111s, the 495th Fighter Squadron was inactivated on 13 December 1991. On 18 December 1992 the last F-111F departed the base. Along with the departure of the F-111F's, the 493d Fighter Squadron was also inactivated.
With the pending closure of Bitburg Air Base Germany on 25 February 1994 it was decided to reactivate the 493d as an F-15C/D squadron. Aircraft were transferred from Eglin AFB Florida and the 493d was reactivated on 1 January. The 493rd's arrival meant that the 48th became the largest F-15E/F-15C composite unit in the U.S. Air Force.
In August 1998 an F-15D (Serial 86–182) of the 493d Fighter Squadron paid a visit to Chaumont-Semoutiers Air Base (now called Quartier General d'Aboville), France for an open house static display. This was the first time a Statue of Liberty Wing aircraft was at its original air base in almost 40 years.
48th Operations Group