Factual error: When the F-16s take off to shoot down the Blue Thunder, both planes have the same tail number 068. All military jets have individual tail numbers. (01:30:25)
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.
Suggested correction: Not necessarily. The F16 (and other fast movers) can and do engage slow moving helos all the time. They just engage them by missile from a long distance, where speeds are irrelevant.