The actor said that the film would start shooting this summer.
The Hurt Locker sweeps this year's award show to take Best Picture and Best Director!
Avatar and The Hurt Locker lead the Oscar race with 9 nominations each.
The director reveals we'll get to know the robots a lot better in the sequel.
Avatar and Star Trek are among the films nominated.
The writers are joined by some of the film's voice actors to celebrate the release of the movie on DVD and Blu-ray.
Director Kathryn Bigelow and screenwriter Nora Ephron will also be honored.
Revenue from the past four months has hit $4.17 billion.
Michael Bay's hugely successful sequel comes home packed with special features.
Other recipients included X-Men Origins: Wolverine and Friday the 13th
Take a look at all the film and TV panels you can take in on the first day of the San Diego event.
The worldwide haul for the Michael Bay sequel is now just over $600 million.
New updated box office figures has Michael Bay's film barely beating out the animated sequel.
The Michael Bay blockbuster has reached astronomical figures in just one week.
Director Michael Bay reveals that we'll see more of the Leo Spitz character in the next film.
BOX OFFICE BEAT DOWN: Transformers: Revenge of the Fallen Owns the Weekend with Another $112 Million
The hard-hitting sequel has earned $201.2 million since Wednesday.
The five-day take in IMAX was $14.4 million to set the new record.
The blockbuster is now at $125.9 million for its three-day tally.
The Michael Bay sequel stands at $87 million from just two days in theaters.
The high-powered sequel tops Harry Potter and the Order of the Phoenix's mark of $44.2 million.