The film, set on a Soviet sub during the Cold War, will be shot at the Maritime Museum of San Diego in October.
Producers are John Watson, Pen Densham and Julian Adams. RCR Media Group principals Rui Costa Reis and Eliad Josephson are exec producing.
Duchovny will portray the leader of the Soviet special forces team aboard the submarine, whose mission is cloaked in mystery. The actor is replacing Andy Garcia in the part.
RCR Media came onboard to co-finance and produce “Phantom” in August and has secured domestic distribution with Sony Pictures Worldwide Acquisition Group.
Duchovny recently wrapped production on the fifth season of Showtime’s “Californication” and filmed the indie film “Goats” earlier this year alongside Vera Farmiga, Ty Burrell, Keri Russell and Minnie Driver.
Duchovny’s repped by ICM and Affirmative Entertainment.
Paradigm packaged, arranged financing, and introduced project to Sony. Paradigm reps Robinson, Fichtner and Dominczyk.