The 25-year-old actor has landed a part in the World War II drama, which will be American Film Company president Falk's directorial debut, reported Variety.
'Looper' star Garret Dillahunt and 'I Am Number Four's Jake Abel are also involved in the project, which will be financed and produced by the director's corporation.
The film is based on real events, with Felton playing bombardier Tony Pastula, who is joined by pilot Harold Dixon (Dillahunt) and radioman Gene Aldrich (Abel) in a fight for survival on a lifeboat on January 16, 1942, following a crash landing of their plane into the sea.
Felton has several other period dramas in the pipeline, including 'Belle', and he has has just wrapped up period drama 'Therese Raquin' and another war-related feature, 'Grace And Danger'.
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