LAS VEGAS, April 17 -- If you still feel the need for speed, Paramount Pictures has good news for you - Top Gun 3 is officially happening, with Tom Cruise back as daring pilot Pete "Maverick" Mitchell.

The announcement came Thursday at the studio's showcase at CinemaCon, an annual week-long summit at which Hollywood studios present their biggest upcoming movies to theater owners and press.

Paramount film co-head Josh Greenstein said Top Gun 3 was "officially in development with a script well underway," adding that Cruise would reunite with producer Jerry Bruckheimer on the project.

The original 1986 film helped propel Cruise to superstardom, and the 2022 sequel earned US$1.5 billion (RM5.9 billion today) worldwide.

Legendary dire...