Mandarin has trouble win his son, Gene Khan, while trying to retrieve the rings. Tony Stark as Iron Man battles his invention that Obadiah transformed into a weapon. Mandarin steals the ring of Obadiah, and fights Iron Man. Back in Mandarin's lair it is revealed that Gene Khan has become The Mandarin.
Pepper's father is hospitalized by an arms dealer named Mister Fix. When Pepper looks into the case, Mister Fix sends Whiplash after her. Iron Man must come to the rescue and maintain his secret identity.
Ivan Vanko returns to Earth two years after an accident that left him trapped in space. Using the Crimson Dynamo suit, he looks for revenge against the people who abandoned him. Iron Man must figure out a way to stop him.