At some point in 7 ABY, the unit was stationed on the Reprisal, and along with a false 181st Imperial Fighter Wing, sent to attack the Millennium Falsehood over Comkin V. The unit was engaged by elements of Rogue Squadron and Wraith Squadron and sustained heavy casualties. Lara Notsil was briefly assigned to Broadaxe Squadron for this battle and she used her laser cannons to transmit a message to the Millennium Falsehood while she fired on it.
Like most squadrons of its time, Broadaxe Squadron had twelve members.
Broadaxe Squadron was equipped with TIE interceptors.