A remote controlled toy. The toy includes a powered projectile that can be launched from a remote controlled vehicle. The powered projectile and remote controlled vehicle may each have a motor controlled by a radio frequency ("RF") transmitter. The projectile can be shaped as an airplane that is loaded into a launch platform of the remote controlled vehicle. The user can control movement of the vehicle with the RF transmitter. The transmitter may have a launch button that is depressed by the user to launch the airplane. While in flight the user can control the airplane through the RF transmitter. The motor of the vehicle may turn off when the airplane is launched.