Upon her arrival, "Penelope" recovered air-dropped stores. Thereafter she escorted ships to and from the beachhead at San Carlos and Bluff Cove, including, in late May, the damaged which had suffered damage after being hit by cannon fire and bombs. On 13 June, "Penelope"s Lynx helicopter struck the already stranded Argentinian patrol boat "Rio Iguazu" with a Sea Skua missile. "Penelope" also claimed to be the last ship attacked by Argentine aircraft over the course of the war. "Penelope" returned home in September 1982. Soon after, "Penelope" undertook a Falklands patrol in the tense aftermath of the war, and did not return home until June 1983. The following year, she deployed to the South Atlantic again, patrolling and performing other duties in that region. The ship suffered a machinery breakdown and collided with the starboard side of the Canadian Naval supply ship during a replenishment. "Penelope" caught the "Preserver"'s starboard anchor, cutting her port side open. The Canadian vessel suffered $260,000 damage, while "Penelope" suffered damage estimated in the millions. "Penelope" was decommissioned and subsequently sold, along with , to Ecuador. She was renamed "Presidente Eloy Alfaro" after President Eloy Alfaro, a prominent Ecuadorean martyred reformer of the early 20th century. "Presidente Eloy Alfaro" was decommissioned on 19 March 2008, after 17 years in the Ecuadorean Navy.