Paramount announced the release date of the film, which will be directed by "Tron: Legacy" filmmaker Joseph Kosinski.
Kosinski has previously worked with Cruise on the 2013 sci-fi drama "Oblivion", reported Entertainment Weekly.
Cruise, majorly known for his big budget Hollywood franchise outings such as "Mission Impossible" series, "Minority Report" and "Jack Reacher", recently said that he did not want a number in the title of "Top Gun 2".
The movie has now been named "Top Gun: Maverick" after his character's code name.
It was directed by Tony Scott, the younger brother of Ridley Scott.
Tony committed suicide in 2012 by jumping off the Vincent Thomas Bridge in San Pedro, California.
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