Carrier Air Wing Five (CVW-5) is a United States Navy aircraft carrier air wing based at Marine Corps Air Station Iwakuni. The air wing is attached to the aircraft carrier USS Ronald Reagan. It was initially formed in 1943. It has participated in the Second World War, the Korean War, the Gulf War, Operation Southern Watch, the War in Afghanistan, and the War in Iraq. The fixed-wing squadrons of the air wing transferred to Marine Corps Air Station Iwakuni in Yamaguchi prefecture in 2017 and early 2018.