Quietly over the past year, Codemasters has been rumored to be at work on a new FPS title. While we heard some rumblings that this was the case, we never could get anyone to provide more details. Sources have been friendlier as of late with word that Codemasters has been working on this first-person-shooter initiative for about a year.

The project has a lot of top names involved with it, including Stuart Black, who was a co-creator of Black. The team also has Andrew Wilson, who was previously a Senior Producer at Blackrock Studios where Pure and the upcoming Split Second were developed.

A team of 80 developers are working on the FPS project that does not yet have an official name that we know of. The title itself will use the company’s ERO Game Technology Platform that is best known for use in driving titles such as DiRT, Race Driver, and Grid, but has been used on Operation Flashpoint: Dragon Rising, as well.

According to our sources, the majority of the development will be taking place at the company’s Guildford facility; and the company is recruiting for slots for this project as well as additional original IP that the company is gearing up to produce.

Our sources suggest that Codemasters is planning to show off the Stuart Black shooter at the upcoming E3 show in June, when a formal announcement of the title will be made. While Codemasters has enjoyed some success with FPS titles in the past, the company is perhaps best known for the racing titles it has produced to much critical acclaim. Recently, the company released Dirt 2 to excellent reviews, but most recently, the company has been working on its second Formula 1 title for the Xbox 360, PlayStation 3 and PC since acquiring the license after Sony opted not to renew it.