Monarch of the Moon (2005) on Netflix

Plot summary

America calls on a winged superhero, the Yellow Jacket, to answer Japan's most dangerous super agent, the Dragonfly. Cal, an Army fighter pilot, is the man who becomes the Yellow Jacket. The Dragonfly belongs to an organization called Axis, and Axis has entered into an alliance with the Monarch of the Moon. That ruler's plan is to invade Earth and take its natural resources. Standing between the Monarch of the Moon and that scheme is the Yellow Jacket. Arrayed against him are the Dragonfly's Japbots, an infamous Nazi scientist and a weapon named the Doomsday Ray. Cal also has a team fighting alongside him.