Unlike the first film, which had the ultimate helicopter, the remake will feature an advanced drone of the 21st century, said The Hollywood Reporter.
The production company has had Craig Kyle on board adapting the screenplay based on the original, which was written by Dan O'Bannon and Don Jakoby, and directed by John Badham.
Plot details remain unknown at the time of writing, and cast have not been named just yet.
The film will see Dana Brunetti and Michael De Luca reuniting as producers. The duo, who last worked together on the hit film "Fifty Shades of Grey", will be joined on the producer seats by Jason Blumenthal.