LOS ANGELES (Jan. 2) - Nineteen years after chasing down the Holy Grail in "Indiana Jones and the Last Crusade," Harrison Ford will return to the big screen in the character of the globe-trotting archeologist in May 2008. Producer George Lucas and director Steven Spielberg confirmed details of the project Monday after Lucas tipped off the media to Indiana Jones' imminent return as he prepared to serve as grand marshal of the Rose Parade in Pasadena. After years spent in script development, a fourth installment of the hit franchise is set to begin production in June in locations around the world and in the United States. It will mark Spielberg's next directorial outing. "George, Harrison and I are all very excited," Spielberg said. "We feel that the script was well worth the wait. We hope it delivers everything you'd expect from our history with Indiana Jones." In a statement, 64-year-old Ford said he was ready for another action-packed turn. "I'm delighted to be back in business with my old friends," he said. "I don't know if the pants still fit, but I know the hat will." Added Lucas: "These films are such great fun to make. I'm looking forward to reuniting with the team and starting this new journey."