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Tony Stark (Robert Downey Jr.) avoids his own Apogee Awards
ceremony to gamble at a Las Vegas casino, leaving his deceased father's
friend and business partner, Obadiah
Stane (Jeff Bridges) to collect the award. As Stark leaves
the casino with his entourage, he is approached by Vanity Fair reporter Christine Everhart (Leslie Bibb),
whom he charms into a one-night stand at his Malibu house. As she awakens in the morning, she
is escorted from the house by Pepper
Potts (Gwyneth Paltrow), Stark's personal assistant, who
tells her Stark is away on a business trip, though Stark is really still in the
house, until Potts informs him how late he is. Stark flies off to Afghanistan
for a successful demonstration of Stark
Industries' new weapon, the "Jericho" cluster
missile. On the way back, however, the military convoy is attacked. In the
ensuing firefight, Stark is wounded by one of his own company's bombs, which knocks
him unconscious and embeds shrapnel in his chest, one fragment dangerously close to his
heart. Waking up hours later in an Afghan cave, Stark discovers an
electromagnet attached to his chest, powered by a car battery and designed to
keep the shrapnel from piercing his heart and killing him.
Stark has been captured by the terrorist group
known as the Ten Rings, who order him to build a Jericho missile for them.
Instead, during the three months of his captivity, he and fellow captive Dr. Yinsen
(Shaun
Toub) begin building a miniature "arc reactor", a smaller version of a power
source previously invented by Tony's father, Howard. With the reactor powering
his electromagnet, Stark and Yinsen secretly build a crude but strong power armor as a means of escape. Unfortunately,
the process of activating the armor takes more time than expected and Yinsen
hurries out to buy time. Once the armor is ready, Stark charges through the
caves. Near the exit, he comes across a dying Yinsen, who tells him "Don't
waste your life." Upon leaving Yinsen, Stark burns all the Stark
Industries munitions the terrorists have accumulated and then attempts to fly
away, only to crash into the desert a few miles away. After being rescued by
his friend and company military liaison Lieutenant Colonel James
Rhodes (Terrence Howard) and returned to the United States,
Stark declares at a press conference that his company will no longer
manufacture weapons. Stane tells him shortly thereafter that this move is being
blocked by the members of the board of directors of Stark Industries.
Returning home, Stark retreats from the public eye
and instead focuses on the design of his power suit, refining its size and
improving its flight and fighting capability while making an improved arc
reactor for his chest. During his work, Potts gives Stark his first miniature
arc reactor as a gift encased in glass and bearing the inscription, "Proof
that Tony Stark has a heart." During Stark's first public appearance since
his return, at the Walt Disney Concert Hall, he spots Potts,
who is wearing the dress she bought for herself as a birthday present on his
behalf. He is struck by her beauty and briefly dances with her, causing him to
realize that he has romantic feelings for his assistant. As they're about to
share a kiss, Potts interrupts by asking for a martini, as a ploy to hide her
insecurity because of Stark's promiscuity. While ordering the drinks, Stark is accosted
by Everhart, who shows him pictures of Stark Industries weapons back in the
hands of terrorist groups, including Jericho missiles. He realizes that Stane
has been "dealing under the table" by supplying both the Americans
and their enemies, and that Stane has been attempting to remove Stark from
power. Enraged, Stark modifies his palm thrusters for use as weapons, dons the
power suit, flies to Afghanistan and rescues Yinsen's village from the Ten
Rings, also destroying the latest Stark weapon shipments in the process. During
the operation, Stark inadvertently attracts the attention of the United States Air Force and Lt. Col.
Rhodes, who dispatches two F-22 Raptors to intercept and eliminate the unknown
target. During the dogfight, one of the planes is accidentally destroyed, but
the pilot is rescued by Stark, who during the fight privately calls Rhodes to
reveal that he "is" the unidentified object. Rhodes later classifies
the incident as a training accident to the press, at Stark's recommendation.
Determined to atone for his
mistakes, Stark sends Potts to find the shipping records of Stark Industries,
so he can track the illicit shipments and destroy them. While hacking into the system, she discovers
that Stane hired the Ten Rings to kill Stark and the group reneged on the deal
upon discovering Stark was the true target. She also learns Stane has recovered
the power suit prototype and reverse-engineered his own version,
but his engineers are unable to duplicate the miniature arc reactor to power
the new suit. Stane ambushes Stark in his house, using an experimental Stark
Industries device to temporarily paralyze him. Stane removes the arc reactor
from Stark's chest to power his own suit. The dying Stark manages to re-install
his first reactor from Pepper's gift and Rhodes finds Stark in bad shape but
alive. Although his first reactor was not designed to power his latest armor,
Stark takes it to battle with Stane atop Stark Industries, the surrounding
streets and up into the air. Finding himself outmatched by the Iron Monger's
potential for brute force, Stark lures Stane atop the full-sized arc reactor at
Stark Industries to end the battle. With no more power left for his suit, Stark
instructs Potts to overload the arc reactor. Potts overloads the reactor,
causing a massive electrical surge that knocks Stane unconscious, causing him
to fall through the ceiling into the reactor itself, destroying the facility,
the armor and Stane. |