For the American composer, pianist, and educator, see Wayne Peterson.

Wayne Peterson (born May 24, 1938) is an American professional stock car racing owner/driver and former paratrooper and United States Army Special Forces member. He currently operates Wayne Peterson Racing, a team in the ARCA Menards Series.

Peterson grew up in a poor family in Boaz, Alabama, and when he was fifteen years old, his high school was visited by Army National Guard recruiters. Attracted by the benefits of food and clothing, he enlisted and entered active duty at the age of sixteen, but was sent back to school upon the discovering of his age. After graduating, he returned to the military and was stationed at Fort Bragg as a paratrooper in the XVIII Airborne Corps. Peterson was a member of the United States Army Parachute Team (Golden Knights), and worked with NASA on performing High Altitude Low Opening (HALO) landings.

Peterson was later assigned to the Third United States Army for thirty days, during which he was placed in the 77th and attended Ranger School in Fort Benning, followed by survival training in Antarctica and language studies in California, the latter in which he learned French and Vietnamese. Peterson served in Germany and Okinawa with the 10th and 1st Special Forces Groups respectively before being deployed to Vietnam in 1963 as an advisor and eventually a combat role. He served multiple tours during the Vietnam War until 1972.

In 1961, Peterson trained Cuban refugees and participated in the failed Bay of Pigs Invasion. Two years later, he guarded President John F. Kennedy's body in the United States Capitol rotunda after his assassination. He also served as Richard Nixon and South Vietnamese President Nguyễn Văn Thiệu's English/Vietnamese translator.

Peterson was scheduled to complete his service in 1980 when the government extended it by thirteen months. He was ordered to Diego Garcia, where plans were made for Operation Eagle Claw, an effort to free United States embassy members in the Iran hostage crisis. However, the mission failed after two aircraft were destroyed during refueling. Peterson compared the debacle and resulting public backlash to that received by American troops withdrawing from Vietnam: "We had to abort, put our tail between our legs, same way we came out of Nam. We just didn't finish the job. [...] We had way too much TV coverage in Nam. The public don't need to know our missions; it messed with intelligence. Nam was a hard time, soldiers condemned for pulling the trigger. Of course, if you waited one second and thought about it, you were dead. We fought for the country, and our own survival. It wasn't pretty. You were there to save your people."

At the age of fourteen, Peterson swept floors for a dirt track racing owner who would let him test his car. While he was stationed at Fort Bragg, he purchased a 1948 Hudson and converted it into a dirt track car. Peterson later joined NASCAR driver Lee Petty's crew as a gasman, followed by a tenure with Junior Johnson on the DiGard Motorsports team. As compensation, Johnson gave him a car, which he fielded for Lennie Pond at Talladega Superspeedway. He also competed in modified stock cars in the 1970s.

During the 1980s, he began competing in the Automobile Racing Club of America. In 1983, he entered the NASCAR Winston Cup Series' Atlanta Journal 500, but spun out during qualifying due to tire issues. The following year, he tried to qualify for the Daytona 500, but did not make the race after suffering an engine failure in his Twin 125 qualifier and finishing tenth in the consolation race.