When Doug's father, an Air Force Pilot, is shot down by MiGs belonging to a radical Middle Eastern state, no one seems able to get him out. Doug finds Chappy, an Air Force Colonel who is intrigued by the idea of sending in two fighters piloted by himself and Doug to rescue Doug's father after bombing the MiG base.

Chappy discovers a drug-smuggling scheme at his own air base. It turns out that the lives of some village people in Peru are at stake, and he decides to fly there with ancient airplanes and friends to free them.

Chappy Sinclair is called to gather together a mixed Soviet/U.S. strike force that will perform a surgical strike on a massively defended nuclear missile site in the Middle East. Chappy finds that getting the Soviet and U.S. Pilots to cooperate is only the most minor of his problems as he discovers someone in the Pentagon is actively sabotaging his mission.

While Chappy Sinclair is saddled with a bunch of misfits and delinquents for his flight school, he turns to his protégé Doug Masters to assist him in rounding them into shape for an important competition. During their training, they stumble upon a group of subversive air force officers who are dealing in toxic waste as a sideline.