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Todd Phillips picks up Arms And The Dudes

It looks like Todd Phillips has chosen his first potential directing project post-HANGOVER II. That film is called ARMS AND THE DUDES, based on a Rolling Stone article of the same name. The plot follows two stoners who became major arms dealers, according to Variety.

The story, which appeared in the March 31, 2011 issue of Rolling Stone, chronicled the tale of David Packouz and Efraim Diveroli, who won a $300 million contract from the Pentagon to arm America’s allies in Afghanistan. Duo made 85 deliveries of munitions to Afghanistan worth more than $66 million before their arms-dealing careers were cut short when federal agents raided their Miami Beach offices in Aug. 2007, culminating in 71 counts of fraud.

Phillips and Scott Budnick will produce the project. Both produced this summer’s $562 million HANGOVER: PART II, a massive hit for Warner Brothers.

We stress that it has not been confirmed that Phillips will direct this, but his company Green Hat Films now officially have the rights. We’ll bring you more as we get it.

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