Continuity mistake: When Matrix is driving the red car and trying to run Sully's yellow car off the road, watch the front bumper of the red car. At some points it is hanging off the car, and at others is it attached onto the car.
Continuity mistake: At the very end of the film. When the 3 helicopters and the seaplane come into land, it is quite a wide show, with no boats visible. A few minutes later, when the seaplane takes off again, a big white boat is near the coast. Even if the boat was off camera during the landing scene, a few minutes was surely not enough to get that far, and that close to the shore.
Revealing mistake: When Matrix hits the button to blow up the village, you can clearly see that there are only cardboard stand-ups of men next to the buildings blowing up. Also, for some reason the top of the watch-tower blows up when Matrix never put a bomb there.
Continuity mistake: During the shooting scene by the mansion, the same poor soldier gets killed from different angles, again and again and AGAIN....
Continuity mistake: When Arnold lets go of the landing gear he lands in the water. A few seconds later we see him walking up towards the beach, and we can now see that he is only wet from his waist down. It's not likely that he would have been able to land standing on his feet and not not becoming completely soaked.
Continuity mistake: Rae fires a rocket at the police van, first she fires it back to front then the second time she fires it correctly only this time she is knocked back by the recoil, why wasn't she affected the first time and pushed forward? Also there should be no recoil with a rocket launch.
Factual error: Towards the end there's a firefight between Matrix who wields a shotgun and El Presidente who is armed with a Steyr AUG. The weapon sounds used for the Steyr AUG however are from a MAC 10 or an UZI and don't sound a bit like it.
Audio problem: The scene where Bennet and Matrix are fighting towards the end of the movie, before Matrix kills Bennet they have each others throat in their hands and one of their backs is against the furnace. While they are grunting and groaning, if you listen carefully, you can hear one of them say "switch" just before they change positions.
Factual error: The shot of Matrix landing in the swamp after jumping from the plane isn't consistent with the free fall. The final shot indicates he has not fallen more than a couple meters. On top of that, after jumping from a DC-10 doing over 150 mph, he has no forward momentum when he lands.
Continuity mistake: When Matrix first rips out the seat of Cindy's car and sits in its spot, his body sits very low to the the bottom of the car. You can even see in the next scene that his head is clearly lower than Cindy's. However, during the chase scene, his head is level with Cindy's.
Continuity mistake: At the end of the movie, Arnie puts on his flak jacket then his make-up, but when he takes off his jacket, he's got camouflage on.
Continuity mistake: When Matrix is infiltrating the base (just before he blows everything up), and just after he has cut a soldier's throat and planted a bomb, he is confronted by two more soldiers walking along with rifles slung. Seeing Matrix, the two frantically start un-slinging their rifles. Matrix throws two knives at them. Next we see the two soldiers falling with knives in their throats... and the one on the right has his rifle fully slung again.
Visible crew/equipment: When Matrix and the girl are driving out of the parking lot you can see the camara crew in the reflection of the car.
Continuity mistake: After Matrix throws the police officer into the bunch of officers at the mall, he runs at Sully, and you see the guards are beginning to get back up on their feet, but then you see them again a few seconds later, and they are back on the floor again!