The game is unusual because one of the ships simulated is a hydrofoil. The missions are set in the Mediterranean, the Caribbean, and the Persian Gulf.
Gameplay is a bit like ''[[Ace of Aces]]'' at sea, i.e. the sim aspects of the game are not very fleshed out, it's more arcade-like and action-oriented than a real sim such as ''[[Silent Service]]''. The graphics are fairly nicely done though.
[[File:Pegasus4.jpg|thumb|left|500px|German cover art]]