Microprose owns Falcon again. I don't think there's much official information yet, but Falcon does have a dedicated spot on their official Discord with the Falcon 5 developer chiming in now and then.

https://steamcommunity.com/groups/microprose/announcements/d...

1. The Microprose brand has been resurrected focused on reviving classic 90s and 2000s sim type games. They gave an interview in PC Pilot magazine a while back confirming they were working on Falcon 5, which will be an F-16 and F-35 sim, sitting between War Thunder and DCS World on the realism scale.

2. Meanwhile the fans have modded Falcon 4.0 into a modern F-16 and F-15 simulator comparable in many ways to sims like DCS World: https://www.youtube.com/watch?v=wY4lHUJ1ft0