Plot: In 1938, in Los Angeles, the pilot Cliff Secord crashes his plane after being hit in the air in a shoot-out between gangsters and FBI agents in a car chase; completely broken, his best friend and mechanic A. 'Peevy' Peabody tries to fix an old plane to raise some money in an exhibition show. However, Cliff finds a package hidden by one of the gangsters with a rocket with belts and they find that the device allows man to fly. Meanwhile, his beloved girlfriend and aspirant actress Jenny Blake succeeds in an audition to make a small part in a movie of the great actor Neville Sinclair who is ranked third in box-office. During a flight exhibition, the mechanic Malcolm (Eddie Jones) has an accident, and Cliff uses the rocket to save him, being called Rocketeer by the public. With his picture in the front page of the newspaper, Cliff is chased by the FBI, the gangsters and German spies that abduct Jenny and forces Cliff to rescue her.
Alternative Plot: Cliff Secord (Bill Campbell) is a cocky stunt pilot in love with a beautiful actress, Jenny Blake (Jennifer Connelly). When he discovers a jet pack hidden in a biplane, Cliff straps on the rocket, dons a flashy helmet and becomes the high-flying hero known as The Rocketeer. But when Nazis want to use the rocket as a weapon, Cliff must use his alter ego to both protect Jenny from an evil actor (Timothy Dalton) and save the day in this period adventure based on the comic books by Dave Stevens.
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