Framed for crimes against the country, the G.I. Joe team is terminated by Presidential order. This forces the G.I. Joes into not only fighting their mortal enemy Cobra; they are forced to contend with threats from within the government that jeopardize their very existence.
From the Egyptian desert to deep below the polar ice caps, the elite G.I. JOE team uses the latest in next-generation spy and military equipment to fight the corrupt arms dealer Destro and the growing threat of the mysterious Cobra organization to prevent them from plunging the world into chaos.
Velikansko podvodno plovilo ugrabi angleško in rusko podmornico. Svet se zaradi napetosti med velesilama vnovič znajde na robu vojne. Britanskega vohuna Jamesa Bonda (Roger Moore), ki združi moči s čedno rusko agentko Anyo Amasovo (Barbara Bach), sledi pripeljejo do ladijskega mogotca Karla Stromberga (Curt Jurgens). Ta v svojem velikanskem podvodnem domovanju pripravlja strašen načrt, s katerim namerava uničiti New York ter nazadnje zavladati svetu. Stromberg v boj proti Bondu pošlje neuničljivega velikana Jawsa (Richard Kiel) z jeklenimi zobmi, ostrimi kot rezilo. Zamero do Bonda pa goji tudi Anya, ki ima s slavnim agentom lastne načrte.
The Cold War has just heated up! CIA Agent Bob Taylor (Charles Napier) arrives in Moscow with his new wife Susan (Kimberley Kates) with a highly secret video tape of Russian missiles leaving an unknown base near Moscow under the cover of darkness. Are these missiles destined to be aimed at the US or are they being smuggled to a terrorist organisation. The Americans need to know where these missiles are going, the only person who can help them discover their destination is Armstrong (Frank Zagarino) an ex buddy of Bob who now trains an elite Russian anti-terrorist squad under the command of Colonel Zukov (Richard Lynch). Zukov is from the old guard, corrupt, ruthless, and will stop at nothing to gain control.