Following the Mission: Impossible Rogue Nation character posters that debuted yesterday, Paramount Pictures has released the third trailer for this action-packed sequel, which explodes into theaters July 31. This trailer offers tons of new footage, revealing that Ethan Hunt (Tom Cruise) and his Impossible Mission Force (IMF) team are now all wanted by the CIA. We also get a more extensive look at Tom Cruise's death-defying stunt, where he is seen hanging on for dear life as a cargo plane takes off.

Ethan and his team take on their most impossible mission yet, eradicating the Syndicate - an International rogue organization as highly skilled as they are, committed to destroying the IMF. The trailer also offers much more insight into Alec Baldwin's new character, who wants to shut the IMF down for good, along with Ethan's new IMF team member Ilsa, played by Rebecca Ferguson. America Olivo, Sean Harris, Jingchu Zhang and Simon McBurney round out the supporting cast in what certainly appears to be the most action-packed installment of the Mission: Impossible franchise to date.

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Tom Cruise reunites with his Jack Reacher director Christopher McQuarrie for Mission: Impossible Rogue Nation. The actor also joins forces once again with his Mission: Impossible Ghost Protocol co-stars Jeremy Renner, Simon Pegg and Ving Rhames. Take a look at the latest trailer below for Mission: Impossible Rogue Nation, arriving in theaters nationwide July 31.