The Battle of the Azores was notable as the first engagement in Operation Valkyrie, and is highly controversial in every aspect. To Awwam and its allies, it is a fully-justified preemptive strike against a conspiracy to destroy Awwam. To Paternia and its allies, it is an unprovoked attack based on groundless information.

Also controversial is the battle results. While it is generally accepted that the Paternian Navy suffered heavy losses, including the loss of PRN Mt. Terror (CA-25) and severe damage to the PRN Honolulu (CA-17) which put her out of action for the war, Awwami losses are less clear.

Paternian Information Control claims that of the ten Sea Liberators to enter the battle, only two of them survived; both Australian ships which upon learning of the Paternian cause to help them, mutinied against their Awwami officers and fired upon their former comrades. It is believed that five Sea Liberators, including the Australian vessels, survived the engagements with the Paternian Navy.

Paternian losses on the island garrison are 1,500 of the 2,500 strong garrison, while Awwami losses, based on suit serial numbers, is believed to be at 20,000-35,000. The Paternian Navy, deploying three cruisers, twelve destroyers, six patrol craft, 125 aircraft, and a single A-class submarine, decisively defeated ten Sea Liberator cruisers, 459 aircraft, and 51 of destroyers.

While the base in Azores was damaged, it was not put out of action. While the main dry docks were damaged, the fuel depots and the Submarine and Patrol Boat docks were largely intact. In addition, while the PRN McMurdo (CA-16) and Stockholm (CA-18) were damaged in their docks, they were quickly repaired and sent into action once more, participating in the destruction of the Awwam Atlantic Fleet in the Second Battle of Greenland.