Olds had not only risen in rank to field grade, but was given command of his squadron on March 25, less than two years out of West Point and at only 22 years of age. By the end of his combat service he was officially credited with 13 German planes shot down and 11.5 others destroyed on the ground. Olds became an ace on both of his combat tours and was twice awarded the Silver Star, for the mission of August 25 and for the achievements of himself and his squadron during his combined tours.