Nope: The Luftwaffe is alive and flying - still under the same name!
However, the terms Wehrmacht and Heer have been replaced with Bundeswehr ("Volksarmee" in the East until 1991).
Ranks have been NATOized, too. No longer any Feldmarschälle, for example.
Regards,
Thank you all for your replies :)
Heer still means “Army.”
Wehr is also a term for “Army” as in Reichswehr, then Wehrmacht, now Bundeswehr (federal army).
Not every term used under the Nazi regime was a specifically Nazi term. Plenty of them were just German terms used both before and after the Nazi regime.