Red Team is a group of Viper Mk. VIIs scrambled from Pegasus to intercept Galactica's Vipers in the standoff between the two vessels (TRS: "Pegasus").
The strike team that boards the Guardian basestar is also called Red Team. It is compromised of Kendra Shaw, Kara Thrace, Erin Mathias, Dasilva, Hudson and several other Marines (TRS: "Razor").
Furthermore, Red Team is the designation of group of Vipers taking part in a training exercise. Its pilots, such as Lee Adama and Kara Thrace, have been inactive for over a year due to the colonization and occupation of New Caprica and measure their skills against Louanne "Kat" Katraine's Blue Team (TRS: "Torn").