Believe it or not, it's totally possible.
That's an M8 MGS, which is an actual air droppable armored vehicle, mounting an M35 Rheinmetal 105mm cannon.
Drunk, back of the envelope math (not all work shown):
Mass of vehicle, roughly 20 tons, or 20,000 kgs.
Acceptable velocity of an airdropped vehicle is roughly 30kph or 8.3 m/s. Down two chutes (assuming the third chute is made of some supermaterial that doesn't immediately tear and collapse) reduced to a third of the square of the surface area, velocity roughly 14 m/s.
Exit the aircraft at maybe 4000 meters is 285 seconds in semi controlled free fall.
The actual M35 cannon mounted on the M8 is hard to find numbers for in a quick Google search but for the comparable Royal Ordnance L7 has a muzzle velocity of 1400m/s for 10kg projectile or roughly 5.75 megajoules of muzzle energy.
Let's say the A-Team spends the last 40 seconds firing straight down. That still gives them 4 minutes of firing time to adjust their course. At 12 rounds/minute (max firing rate of the M8 autoloader and assuming they found extra ammo above the 30 rounds that Wikipedia says the M8 can carry) and being too lazy to do the calculations for a suspended (from the parachute) object firing normal to straight fucking down at 5,750,000 (kg*m^2)/s^2, that's more than enough force for them to adjust proverbial flight path a few hundred meters.
At 14m/s or roughly 30+ mph, the splashdown is also conceivably survivable.
So there you go. The A-Team "flying the tank" sequence is not nearly as crazy as you might think it is.
Or maybe a much less drunk therealdope could do the actual numbers and tell me how wrong I am.