"Double-O Duck" was an original title conceived for the series that became Darkwing Duck (1991), before it was found that the "double-o" prefix was actually copyrighted by the estate of Ian Fleming, creator of 007 James Bond.
This marks the first time that Steelbeak (originally from Darkwing Duck (1991)) plays a major role in this series. Although his voice actor from that series Rob Paulsen had been in previous episodes of the DuckTales (2017) reboot, he does not reprise Steelbeak in this episode.
The original Double-O Duck episode of DuckTales (1987) was originally intended to be a test pilot for an espionage series starring Launchpad. That project never came to fruition, but some elements eventually made it into Darkwing Duck (1991).
The title and plot are largely inspired from the original DuckTales (1987) episode Double-O-Duck (1987) which had Launchpad facing off against FOWL agents, as well as the James Bond film You Only Live Twice (1967).
During the motorboat chase, Steelbeak uses his namesake beak to break Launchpad's grappling hook, which is a callback to what he's often been known to do in Darkwing Duck (1991) to the titular character's gadgets (which was most noteworthy in the episode "Tiff of the Titans".