“Top Gun 3” is officially in development at Paramount Pictures,

As of February 2025, “Top Gun 3” is officially in development at Paramount Pictures, following the remarkable success of “Top Gun: Maverick,” which grossed nearly $1.5 billion globally. citeturn0news23 Producer Jerry Bruckheimer has confirmed that a compelling story has been pitched to Tom Cruise, who expressed enthusiasm for the project. citeturn0search10

However, the project faces scheduling challenges. Tom Cruise is currently committed to completing the “Mission: Impossible” series and has signed a deal with Warner Bros. for future projects, potentially delaying “Top Gun 3.” citeturn0search16 Given these commitments, industry analysts speculate that the film might not premiere before 2030.

Details regarding the film’s budget remain undisclosed, as the project is still in its early stages. For context, “Top Gun: Maverick” had an estimated production budget of $170 million. citeturn0search12

In summary, while “Top Gun 3” is officially in development, its release date and budget are yet to be determined, largely due to Tom Cruise’s existing commitments and the project’s nascent status.