Cliff Secord, played by Bill Campbell, is a stunt pilot that discovers a jetpack and helmet in an old airplane. He meets up with his girlfriend, aspiring actress Jenny Blake, played by Jennifer Connely, who has recently got a small part in a movie. Bill tells her about the jetpack but is overheard by the lead actor who promptly asks Jennifer out. It is revealed that the lead actor, Sinclair secretly engineered the theft of the jetpack, due to an issue, Bill discovered it. Bill then uses the jetpack to save a friend in an airshow, the flying man is seen and nicknamed The Rocketeer. A search is then enforced for the jetpack, causing Bill to run and hide with it. In the ensuing action, Jennifer is put in danger and a number of different people started to get stirred up causing a lot of conflict and action.