Ultimate Air Combat, also known as Aces: Iron Eagle III in Japan, is a semi-realistic combat flight simulator developed and published by Activision for the NES. The game has comparatively good graphics for the console, but differs from the games of the similar kind by having both a cockpit view and an isometric view throughout the missions.

The game story starts when the White House sets an emergency meeting, where they uncover the information that the military authoritarian Don Gwano is using the high revenue from his large oil exports to finance and support his great army and navy. He has already begun to attack the neighboring countries. The President's military advisers have agreed that the urgent measures are ought to be taken. They proposed not a full-scale invasion but a tactic of rapid lightning strikes to take out specific systems that are very important to Don Gwano's militaristic regime. The player of this video game takes on the role of the military top pilot to carry out these attacks.