The newest version of ther armor was partially destroyed during a battle against Whirlwind and the Melter where Rhodes faked his death to help Tony Stark in a plan to defeat the Mandarin, involving Rhodes into becoming the new and mysterious Iron Man.
It possesses various weapons: repulsors, unibeam (added for Rhodes), twin chain gun, laser blade, wrist-mounted flamethrower.
The shoulder pack can deploy Gatling guns, a box rocket launcher, a pulse cannon, and a plasma cannon.
Various munitions are available: depleted uranium, high explosive, concussion, thermite, tear gas, tracer, flare, smoke, anti-tank, anti-ship, flame, fire suppressant, radio repeater or sub-nuke.
Several non-lethal options were later added: baton, sabot, and rubber slugs for the cannon, concussion pulses from the hands, and strobes via the unibeam. 
This model has more plating and shielding than the typical Iron Man armor. A poly-carbonate coating further improves the surface. An additional poly-prismatic coating was temporarily used to counter the Living Laser's powers. It presumably retained the photon shield from previous armors.
A new version of the armor equipped two chainsaw in the forearms.
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