While I remember the Multi Toys Blue Thunder Helicopter from the Toys R Us clearance center, I didn't lnow how far they planned to take the series. This page from their 1984 catalog shows (kind of crude) prototypes for Bubba Smith, Dick Butkus, James Farentino and even Dana Carvey.
There was even plans for non helicopter toys! More on Multi Toys later on this Spring.
More Unreleased Action Figures:
The Top Ten Cancelled Toy Lines of the 70s/80s