In the 2050s, the Earth's environment deteriorated significantly, even after strict limits were placed on the use of fossil fuel and the emission of carbon dioxide.

Several options and features were also added, including a practice mode which allows the player to try out any of the game's stages without going through the entire campaign, as well as support for the Multi Controller and Mission Stick.

A PlayStation version was also released by Data East in December 1997 titled Sōkyū Gurentai: Ōbu Shutsugeki (蒼穹紅蓮隊　黄武出撃).

This version features a Special Mode which adds a fourth playable ship and a new final stage, as well as animated opening and ending videos and a voiced navigator.

In Japan, Game Machine listed Terra Diver on their October 15, 1996 issue as being the fifth most popular arcade software for that two-week period among operators surveyed.

[3] Next Generation reviewed the Saturn version of the game, rating it three stars out of five, and stated that "Good, mindless fun, but not much else.