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The movie, which is expected to be released in 2010, is currently being written by Hawk Ostby and Mark Fergus, who penned Iron Man.
It is based on the graphic novel by Fred Van Lente and Andrew Foley.
The story centres around a battle between Apaches and Western settlers, which is interrupted by a spaceship landing in Arizona.
No director has been attached to the DreamWorks/Universal project.
More: Robert Downey Jr., Movies
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