5 wins & 10 nominations
- 1988 Nominee Oscar
- Best Music, Original Song
For the song "Shakedown".Shared with: Keith Forsey · Bob Seger
- 1988 Winner ASCAP Award
- Most Performed Songs from Motion Pictures
For the song "Shakedown".Shared with: Keith Forsey · Bob Seger
- 1988 Nominee Golden Globe
- Best Original Song - Motion Picture
Song: "Shakedown"Shared with: Keith Forsey · Bob Seger
- 1987 Winner Grammy
- Best Pop Instrumental Performance, (Orchestra, Group or Soloist)
For "Top Gun Anthem".Shared with: Steve Stevens 
- 1986 Winner Grammy
- Best Album of Original Score Written for a Motion Picture or Television Special
Shared with: Marc Benno · Keith Forsey · Micki Free · Jon Gilutin · Hawk · Howard Hewett · Bunny Hull · Howie Rice · Sharon Robinson · Danny Sembello · Sue Sheridan · Richard C. Teisen II · Allee Willis
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