The last time we saw Iron Man was in 2012's The Avengers, but Robert Downey Jr. and Gwyneth Paltrow are back as Tony Stark and Pepper Potts in the new trailer for Iron Man 3!

Stark prepares to battle it out against the Mandarin (played by Ben Kingsley), and as always, the flick promises plenty of explosions and gunfire.

The Avengers sequel won't hit theaters until 2015, but around the time Iron Man 3 is released, Captain America: The Winter Soldier will begin shooting, so we'll be getting our fix of our fav Marvel comic characters until the whole crew is reunited to duke it out against Thanos.

Iron Man 3 hits theaters on May 3.

Robert Downey Jr. is back in action as Iron Man for the third installment of the multi-million dollar Marvel franchise.

In the 30-second trailer, Iron Man leaps out of an exploding plane to rescue falling passengers. Intense!

Iron Man 3 hits theaters on May 3.

Robert Downey Jr. is reprising his role as Tony Stark in Iron Man 3 ... the third installment of the hit franchise.

The action flick also stars Gwyneth Paltrow as Pepper Potts and Sir Ben Kingsley as the villain.

Disney released the following synopsis:

"When Stark finds his personal world destroyed at his enemy's hands, he embarks on a harrowing quest to find those responsible. This journey, at every turn, will test his mettle. With his back against the wall, Stark is left to survive by his own devices, relying on his ingenuity and instincts to protect those closest to him."

Iron Man 3 will hit theaters on May 3, 2013.

The full-length trailer won't be available until tomorrow, but thankfully Marvel Studios released a short teaser for Iron Man 3 over the weekend!

Robert Downey Jr. is back as Tony Stark, and this is our first look at his arch nemesis Mandarin, who is played by Sir Ben Kingsley. Of course, Gwyneth Paltrow reprises her role as Pepper Potts, and we're thinking we'll get a peek at the Hulk as well.

Iron Man 3 hits theaters on May 3, 2013 and be sure to check back Tuesday for the complete theatrical trailer!

Robert Downey Jr. is probably the only straight guy who can pull off a jacket this sparkly, while Chris Hemsworth can make any ensemble look hot!

The stars came out for the NYC premiere of The Avengers on Saturday afternoon, which was also the closing film at the 2012 Tribeca Film Festival this year.

The upcoming action flick retinues the best of the Marvel Comic heroes, and while the film wont be released until next week, festival organizers gave tickets to real-world heroes at this weekend's premier, including "members of the police department, firefighters, U.S. military, and first responders,” according to the film's press release.

How stunning does How I Met Your Mother star Cobie Smulders look in that Reem Acra Spring 2011 orange gown?

Iron Man and Black Widow have never looked so good!

The Avengers stars Robert Downey Jr. and Scarlett Johansson were all smiles in Russia while promoting their upcoming action flick.

The twosome posed on top of Ritz-Carlton Hotel in Moscow. We're lovin' ScarJo's skinny black pants.

Click thru to see the entire cast including Jeremy Renner, Chris Hemsworth and Mark Ruffalo.

Robert Downey Jr. and his wife Susan are the proud parents of baby boy, Exton Elias.

The little bundle, weighing 7lbs. 5 oz., was born in Hollywood at 7:24am on Tuesday, their rep confirms.

Downey, 46, recently told Jay Leno:

"I don't wanna be presumptuous," he said. "But I think actually [the pregnancy] has been tougher on me [than Susan!]... Just the hormones on and the mood stuff and the nausea and the whole thing."

Careful, Robert! The Sherlock Holmes actor is also the dad to 18-year-old son, Indio.

Proud papa-to-be Robert Downey Jr. was beyond proud to show off his wife Susan Downey's pregnant belly at the Sherlock Holmes: A Game of Shadows premiere.

The couple recently announced they're having a boy! Downey already has an 18-year-old son, Indio, with ex-wife Deborah Falconer.

Director Guy Ritchie held on tight to his gorgeous gal Jacqui Ainsley ... who just gave birth to their son three months ago. Whoa!

As for their on-screen ladies ... Rachel McAdams stunned in a shimmery Marchesa dress paired with Christian Louboutins and Amber Heard opted for a menswear-inspired ensemble. Dude looks like a lady ... clearly!