Red Squadron was the name of a number of starfighter squadrons in operation throughout galactic history:
Darth Krayt's Sith Empire
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Red Squadron was a Squad of 12 Members, that was commandeered by Gihn Hil, whom himself was commandeered by Lyn Korak. They fought along side two other squads, Blue Squadron and Silver Squadron. It was one of the Squadron's of Delta Gold. Being a bomber Squad, it was designed to combat other capital ships and frigates.