Museum founder Ron Fagen bought his first warbird, a P-51, in 1994. Then, in 1998, he established Fagen Fighters Restoration. However, the museum itself was only founded in 2012. In May 2016, the museum unveiled a boxcar used in the deportation of Jews during the
Holocaust it had acquired from
Georgenthal, Germany. A tornado that struck the airport in July 2016 damaged a number of other buildings, but did not affect the museum. In 2017, the museum purchased a collection of spare parts that belonged to collector Jay Wisler. The museum opened a fourth hangar featuring U.S. Navy aircraft in December 2023. In 2025, the museum acquired an
A-24 from the
Lone Star Flight Museum. Later that year it acquired a
P-39. == Facilities ==