The Hangover star Bradley Cooper is reuniting with director Todd Phillips for a new comedy Arms and the Dudes, which is the first project they are setting up at their new Warner Bros.-based production company under a three-year first-look deal.

The Hollywood Reporter reveals that Jonah Hill has been involved in table reads for the project, but it isn't immediately clear if he will join the cast or not. It also isn't clear if Bradley Cooper plans on starring in Arms and the Dudes, or if he is only producing. Todd Phillips is currently polishing the screenplay, in hopes of getting production started later this year.

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Todd Phillips has been attached to the project for years, first acquiring the rights to Guy Lawson's Rolling Stone article of the same name back in July 2011, before setting it up at Warner Bros. in February 2012. The plot is based on the true story of David Packouz and Efraim Diveroli, two Miami Beach stoners who became arms dealers for the U.S. Government, until they were double-crossed by their employers. The duo won a $300 million contract from the Pentagon to arm American allies in Afghanistan. They made more than 85 deliveries of arms and munitions worth $66 million, before the FBI raided their Miami offices in 2007.

Bradley Cooper had a two-year deal with Warner Bros. in 2012, which his upcoming adaptation American Sniper falls under. Todd Phillips' Green Hat Films has been based at the studio since 2005, which yielded The Hangover trilogy and the 2010 comedy Due Date.