After job positions claiming EA were looking for ‘an experienced Level Designer’ to work on a “multiplayer focussed third person shooter”, we have yet more to back this up. The latest Official PlayStation Magazine UK hints towards this being true with their own reporting and findings:
EA is making a new, multiplayer-focussed third-person shooter using the Frostbite engine. Smart money says Mercenaries 3.
Whilst this is far from confirmation, it would seem the right time for the game to hit development, with maybe an E3 revealing coming up. It is also thought the Frostbite engine would give it that feeling the game has been missing in the past two games, with an all ready developed engine, this game should hit the ground running. The destructive environments should help the game in being more… destructive than ever!
We will keep you updated if there is any more news related to this.

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