Here you go. I don't know how popular this film was in US or other parts of the world, but if you were a male kid in Poland in the late 80s, you've probably seen it a dozen times. And enjoyed every moment of it. It's one of the classics of so-called "Golden era of video" in Poland.
The film is called "Deadly Prey" and was made in 1988. Think Rambo, but with quadrupled skills of deadliness and you get Mike Danton
Here's the trailer: YouTube - Deadly Prey (trailer)
And here are some especially memorable scenes:
YouTube - More 'Deadly Prey' hilarity: Vs Tank
YouTube - More 'Deadly Prey' hilarity: Camouflage
YouTube - More 'Deadly Prey' hilarity: Grenades
YouTube - More 'Deadly Prey' hilarity: Twigs
YouTube - More 'Deadly Prey' hilarity: Hand to Hand
You gotta love this movie and the actors