Marvel said the film will deal with Stark's invention of the repulsor-ray 'Iron Man' suit, his conflicted past as a weapons inventor and his ongoing battle with cosmic-ring wearing villain 'The Mandarin'.
Under a financing agreement with Merrill Lynch, Marvel can budget up to $165 million for "Iron Man".
Principal photography is scheduled to begin, February, 2007.
Kevin Feige and Avi Arad will produce.
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