This figure is a reissue of Marvel Universe (Series 3) #004 Modular Armor Iron Man but without the base.
*This is the sleekest, most lightweight armor ever designed by Tony Stark. Built to meet the parameters of any possible challenge, it is covered in ports that can house any of hundreds of mission-specific modules. In the space of moments, this armor can swap out a suite of research scanners for a weapons package that would put most battleships to shame. The enemies of justice don't stand a chance with your Heroic Age Iron Man figure in the fight!
This armored superhero has the technology to take on the bad guys with Earth's Mightiest Heroes at his side! Pose his arm to attack with his repulsor blast in the ultimate Avengers combat! Includes figure. Heroic Age Iron Man figure looks like the armored superhero. Figure has a repulsor blast. *Source: hasbro.com