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Factual error: Cochrane chases Murphy in a Hughes 500 which has a top speed of 147 mph and easily keeps up with him, demonstrating that Blue Thunder's top speed is less than 150 mph. The F-16s sent after Blue Thunder have a stall speed of 175 mph. They would have to slow down to the point of falling out of the sky to have a shot at Murphy. Its utterly impractical and far more likely that the military would have sent AH-1 Cobra attack helicopters after him.
Continuity: In the climactic chase scene, when Murphy is shot through the window, he is shot in his right arm and there is a hole in the window with blood on it. When he does a 360 degree loop in the helicopter the broken window and blood appears on his left side—the opposite window to that which he was shot through.






