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The entertainment news publication reports that the first three episodes of Masters of the Air will be directed by Cary Joji Fukunaga, whose last project was the continually delayed Bond film No Time to Die.
Steven Spielberg and Tom Hanks will collaborate once again on the 10-episode series, as they did on Band of Brothers, which was released in 2001 to critical acclaim.
The drama will be based on the book of the same name by Donald L. Miller, and is being written by Band of Brothers' John Orloff, who also serves as co-executive producer.
The plot follows the true story of the American 'bomber boys' in World War II, who helped bring Hitler's Nazi Germany to its knees.
The follow-up was announced last October and will stream on Apple TV+.
Announcing the show, Apple said: "Apple today announced that it has partnered with Steven Spielberg's Amblin Television, and Tom Hanks & Gary Goetzman's Playtone on Masters of the Air, a new international limited drama series that marks the first series greenlit with Apple serving as the studio.
"Masters of the Air will stream exclusively on Apple TV+, a new home for the world's most creative storytellers, and is the second project for Apple to hail from Spielberg's Amblin Television in addition to Amazing Stories.
"The series will join Apple's growing offering of sweeping international drama series, including Pachinko and Shantaram."
When we'll get to watch it remains to be seen, as there is no release date yet - and even release dates that do exist can't be trusted these days, given the coronavirus pandemic's knack for causing delays.
The show will do well though to match the heights of Band of Brothers, which scooped numerous Emmys and a Golden Globe award.
Of course, Spielberg and Hanks' fruitful partnership goes back even further, and they previously took on the war genre with 1998's epic film Saving Private Ryan - for which Spielberg won a Best Director Oscar.
In his acceptance speech, Spielberg said: "Let me just turn my eyes to Mr Hanks, who, from the very beginning said to me, 'This is gonna be something extraordinary.'
"We weren't really talking about the film, we were talking about the experience of making Saving Private Ryan.
"And he was right, it is one of the most extraordinary events of all of our lives, and the lives of all of our families - we were all in it together."
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