Vincent Lanaria, Tech Times

Iron Banner is returning on Dec. 29 at 10 a.m. PST, and it's going to bring along a slew of new weapons and helmets for Destiny players everywhere, including an armor set exclusive to PS3 and PS4.

What's notable about the multiplayer mode's comeback this time is that it's going back to Control, where the developer changed it to Clash back in the November update.

While the most recent Bungie Weekly Update isn't exactly full of new developments, it is going to include a ton of equipment and weapons that Iron Banner participants can get their hands on.

"Champions who rank up can acquire endgame gear from the Lord [Saladin] himself, or from drops that arrive at the end of completed matches," Bungie says.

First off, the update will bring around the new auto rifle Haakon's Hatchet and Deidris' Retort shotgun.

Players will also stand to earn helmets, leg armors and class items for Titans, Hunters and Warlocks.