Jon Favreau may be back as Happy Hogan in the IRON MAN sequel, according to The Hollywood Reporter. Favreau appeared as Tony Stark's bodyguard and also directed the first two installments, however Shane Black is behind the lens (as well as writing the script) for this one.
Robert Downey Jr. and Gwyneth Paltrow are back to reprise their roles and are joined by Rebecca Hall, Guy Pearce, Ben Kingsley, James Badge Dale and Ashley Hamilton. Filming began a couple of days ago (May 23) and is scheduled for a May 3, 2013 release.