The Soviets have developed a revolutionary new jet fighter, called 'Firefox'. Worried that the jet will be used as a first-strike weapon—as there are rumours that it is undetectable by radar—the British send ex-Vietnam War pilot, Mitchell Gant on a covert mission into the Soviet Union to steal the Firefox.

The student rowing team of the Moscow Aviation Institute (MAI) was defeated in the competition. The coach drops the team and leaves, taking the best rowers with him. The remaining athletes decide to assemble a new team, and the management of the institute appoints a new coach for them — a teacher of hydrodynamics.