They kinda got that sorta right ...
The “red things” are inlet covers. They keep stuff out of the intakes. They are mostly used on fighter type aircraft. Same same for the one on the exhauset.
I didn’t see the pics posted before mine which has a view of the top and they do look like engine inlets. But for what kind of engines? A Cox .049?
It appears to have only one engine so maybe the ports aren’t too small but the only thing to compare them with are the plane which is clearly not a full scale mockup.
Did they take the real looking bits out of the F-14s they had from the Shah’s time?