723 Squadron recommissioned at Naval Air Station (NAS) Nowra as a Fleet Requirements Unit. Commanded by Lieutenant Jeff Gledhill, the squadron was equipped with two Hawker Sea Fury Mark IIs, a Douglas C47A Dakota, a Supermarine Type 309 Sea Otter and a Commonwealth Aircraft Corporation CA-16 Wirraway. In 1953 the squadron flies the Sycamore helicopter. Three HR50 helicopters arrived in Australia, on board the aircraft carrier Vengeance, on 11 March 1953 and 10 HR51s arrived later. Of the 13 RAN Sycamores six crashed during service; this included two lost from HMAS Melbourne in 1957 and one from HMS Hermes in 1961. The three others were destroyed in crashes at Maitland (1956), Grafton (1958) and Nowra in 1962. The remaining RAN Sycamores were retired from service in June 1965 and sold to museums.