A secret organization called Fata Morgana is developing a weapon that is capable of killing or wounding two-thirds of the world's population. A super-national group of combat experts from all over the world called Project Blue has been established to counteract Fata Morgana's evil doings.
There are 6 teams, 12 pilots, and 12 fighters in this version. There are 10 stages but only 7 are playable per game. After completing Stage 4, Stage 5 and 6 are chosen depending on player's performance. After completing Stage 6, one of Fight in Orbit, Another Dimension, or Mars becomes Stage 7, depending on player's performance. In Fight in Orbit, Another Dimension, 1 of 2 different final bosses appear in the end. If all lives are lost in Stage 7, continuing causes the game to start at the beginning of stage. If one of the five last stage bosses is not defeated before it escapes, a boss-specific failure ending is shown. A character-specific ending is shown if final Stage 7 boss is defeated. A stage-specific ending is shown. After an item is revealed, the point value of the item increases the longer it stays on screen.