Terminal Velocity is a 1994 American action film directed by Deran Sarafian, written by David Twohy, and starring Charlie Sheen, Nastassja Kinski, James Gandolfini, and Christopher McDonald. It follows a daredevil skydiver (Sheen) who is caught up in a criminal plot by Russian mobsters (Gandolfini and McDonald), forcing him to team up with a freelance secret agent (Kinski) in order to survive. It was one of two skydiving-themed action films released in the fourth quarter of 1994 (the other being Paramount Pictures' Drop Zone), and received mostly negative reviews from critics.
Plot
About to leave the country, a young Russian woman is ambushed in her Tucson apartment after calling her contact about a Boeing 747 she witnessed landing in the desert. The lead assailant, Kerr, broke into her apartment and captured her. He tortures her to death by drowning into a water tank where she is barefoot and naked. He tortures her for information about her roommate before drowning her in an aquarium.
Former Olympic gymnast-turned-daredevil skydiver Ditch Brodie participates in an illegal BASE jump off of a skyscraper, despite his jump school being under tight scrutiny by the FAA. Upon returning to his school, he's approached by a beautiful but nervous woman named Chris Morrow, who insists on performing a static jump from cruising altitude immediately. Playing along due to her flirtatious attitude, Ditch agrees to take her himself. During the flight, Chris briefly spots another aircraft below. When Ditch checks to see if his pilot has noticed it, Chris cuts ties with Ditch and jumps on her own. Ditch spots Chris tumbling uncontrollably below him, and is unable to save her before she hits the ground at terminal velocity. An investigation ensues, and the school is closed down indefinitely.
Feeling guilty and confused, Ditch rifles through Chris' personal belongings, and finds her apartment key. There he finds a photograph of Chris performing a jump, thus contradicting her earlier claim of inexperience, and Ditch is attacked and chased off by Kerr. At the flight school, Ditch is approached by Assistant District Attorney Ben Pinkwater, who tells Ditch he may be charged with manslaughter for Chris' death. Later, Ditch sees the same plane that had been following him during the jump, and follows it to a shack where he finds Chris alive, having faked her own death. She then takes Ditch on an unexplained nighttime jump at an aeronautics plant, promising to clear his name if he co-operates. Chris has Ditch infiltrate the plant via a smokestack and disable the security system before stealing a hidden optical disc. Kerr and his men arrive, forcing Ditch to flee from gunfire back to his school. Wanting his name cleared, he arranges a meeting with Chris and Pinkwater at a scrapyard, but upon arriving Ben kills Chris' partner Lex, revealing himself to be a cohort of Kerr's. A firefight ensues, and Chris and Ditch escape using a makeshift rocket car.
Taking shelter in the desert, Chris reveals that her real name is Krista Moldova, and that she and her pursuers are former KGB operatives left unemployed due to the collapse of the Soviet Union. "Pinkwater" and his men have fallen in with the Russian mob, and have hijacked a shipment of gold bullion intended for the Moscow reserve, and intend to use it to finance a coup d'état against the democratic Russian government. Using the optical disc retrieved by Ditch, Chris determines the location of the missing Boeing 747 carrying the shipment. She and Ditch get on board and find the gold, but are discovered by Pinkwater's men. The two barely escape, and Ditch decides to quit while Chris heads off to face Pinkwater alone.
As Ditch is about to leave on a bus, he finds a picture taken by Chris holding up a sign reading "Ditch Brodie Did Not Kill Me," thereby exonerating him. Having a change of heart, Ditch drives off to the airfield just as Pinkwater and his men take off, having kidnapped Chris. Posing as an FAA agent, Ditch convinces a biplane stunt pilot to fly him up and onto the 747. Ditch gets on board just as Chris is stuffed in the trunk of Kerr's sports car to be killed. Ditch and Kerr get into a fight, driving the car out of the cargo hold and plummeting toward the ground below. Ditch manages to force Kerr off, and gets Chris out of the trunk before it hits the ground. The two land in a nearby wind farm, and the plane, damaged in the fight, is forced to land. As police swarm the runway, Chris and Ditch are attacked by a parachuting Pinkwater, and Chris is stabbed in the back. Ditch attacks Pinkwater and pulls his back-up chute, sucking him into a nearby turbine and killing him.