MIGHTY ACTION ROBOT - ILLCO - HONG KONG

Blue plastic battery op robot. Shooting guns, smoke. Galaxy style. This is a Hong Kong issue of the Junior toys Dynamic Fighter. Illco made two of these versions. The first had plastic eyes and was a close a copy of the Dynamic Fighter with clear plastic guns. Later versions show the effect of cost cutting with paper decals for eyes and a generally inferior finish.
The robot on the left has plastic eyes and a tin chest. The robot on the right has paper decals for eyes and a paper decal chest. Hong Kong

A newspaper ad dates this to October 1978.