PHM Pegasus

PHM Pegasus assigns players to the control of three different types of vehicles: Patrol Hydrofoil Missilecrafts (PHM), Seasprite and Seahawk helicopters, and convoy ships. The first two missions are time-limited where the player controls a PHM and must find nearby enemy crafts using the ship's 40-mile radius radar and sink them using the ship's array of weaponry. Players can fire from a manual maneuvering screen or use a pair of binoculars to identify and aim at ships. Two missions are seek-and-destroy where the player can use two helicopters to locate enemy ships in the Mediterranean and sink them using the PHM.

Another mission involves surveillance where players must navigate within 1500 feet of eight tankers suspected of carrying arms to photograph the vessels. The mission does not allow the tankers to be fired upon, so two SeaHawk helicopters must be used to scout the area before approach.

According to Noah Falstein, PHM Pegasus was Lucasfilm Games' biggest-ever hit at the time of its release, and the company's "first 100,000+ seller".

Compute! called PHM Pegasus "a worthy addition to even the casual game player's collection. It's a must if you are an action fanatic looking for a new challenge". Computer Gaming World consulted with a hydrofoil expert to review PHM Pegasus in 1987.