Post-war
The carrier began modernization at New York Naval Shipyard on 30 October 1950 and was recommissioned as CVA-20 on 13 November 1952. In this period, Bennington was the recipient of over 11 million manhours during her SCB-27A conversion. Her deck was extended 43 ft (13 m) in length and was widened by 8 ft (2.4 m). The point was to modernize the ship to be able to launch jet aircraft. She also had the 5 in (130 mm) guns removed from the flight deck, which were replaced by smaller 3 in (76 mm) guns.
On 13 November, Captain David. B. Young took command of Bennington in a ceremony attended by more than 1,400, including the Secretary of the Navy Dan A. Kimball and Rear Admiral Roscoe H. Hillenkoetter who said the Bennington was "the most modern carrier in our fleet today."
Marine Air Group 14 (MAG-14), under the command of Colonel W.R. Campbell, USMC reported for duty on Bennington on 13 February 1953, and Bennington set off for the waters off Florida to conduct carrier qualifications. The first trap was made on Bennington since her recommissioning by Lieutenant Colonel T.W. Furlow in his AD Skyraider. Furlow was the commanding officer of Marine Attack Squadron 211 (VMA-211). The first jet aircraft to land on Bennington occurred on 18 February by Major Carl E. Schmitt in an F9F-5 Cougar. When the qualifications were over, Bennington headed for Guantanamo Bay Naval Base where she underwent 11 weeks of shakedown training.
Her shakedown lasted until May 1953, when she returned to Norfolk for final fleet preparations. On 27 April, a downcomer tube in Boiler Room One slipped loose which caused an explosion that killed 11 men, and seriously wounded four others.
From 14 May 1953 – 27 May 1954, she operated along the eastern seaboard; made a midshipman cruise to Halifax, Nova Scotia; and a cruise in the Mediterranean. At 08:11 on 26 May 1954, while cruising off Narragansett Bay, the fluid in one of her catapults exploded, setting off a series of secondary explosions which killed 103 crewmen and injured 201 others. Bennington proceeded under her own power to Naval Air Station Quonset Point, Rhode Island, to land her injured. This tragedy caused the Navy to switch from hydraulic catapults to steam catapults for launching aircraft. A monument to the sailors who died in this tragic event was erected near the southwest corner of Fort Adams State Park in Newport, Rhode Island.
Moving to New York Naval Shipyard for repairs, she was completely rebuilt from 12 June 1954– 19 March 1955. On 22 April, the Secretary of the Navy came aboard and presented medals and letters of commendation to 178 of her crew in recognition of their heroism on 26 May 1954. As of 1 August 1955, she was part of Carrier Division 2, along with Lake Champlain. Bennington returned to operations with the United States Atlantic Fleet (including a two-month shake-down cruise to Guantanamo Bay with ATG-201) until departing Mayport, Florida for the Pacific on 8 September. She steamed by way of Cape Horn and arrived at San Diego one month later. The carrier then served with the Pacific Fleet making two Far Eastern cruises.
The 1955–56 air wing was Air Task Group 201, composed of VF-13, flying F9F-6, VA-36 (The US Navy's first operational light jet Attack Squadron) flying F9F-5; VA-105. flying AD-6, VC (later VFAW)4, flying F2H3, VC (Later VAAW)33, flying AD-5N. (There was also a detachment of drones from VU something; but we shot them all down), and a HUP detachment. This deployment represented the Fleet evaluation of the combination of the angled deck and the mirror landing system, which reduced the US Navy's Carrier Landing Accident rate by 75%. During 1956 the ship was administratively part of Carrier Division Five, though operationally directed at times by Carrier Division One.
The 1956–57 air wing consisted of one squadron each of the following: FJ3 Fury, F2H Banshee, F9F Cougar fighters, AD-6 Skyraider, AD-5N Skyraider, and AD-5W attack aircraft, AJ2 Savage bombers, and F9F-8P photo reconnaissance planes.
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