"Spaceballs 2" has officially been announced. And with it returns fan-favorite actor Rick Moranis, who hasn't been seen in a theatrical film since 2003.

Josh Greenbaum is set to direct “Spaceballs 2″ with a script written by Benji Samit, Dan Hernandez and Gad. Samit, Hernandez, Adam Merims and Kevin Salter will serve as executive producers along side Greenbaum, Gad and Brooks.

Spaceballs 2' is bringing back Rick Moranis and Bill Pullman, enlisting Keke Palmer to star alongside the original cast members, sources say.