Transformers 3 has already been given a release date by the studio. July 1st, 2011. 

Paramount Pictures and DreamWorks Pictures have set a July 1, 2011 release date for Transformers 3, but the studios have cautioned to Variety that the dating of the third installment isn’t an official announcement that the project is going forward; rather that the studios wanted to plan a stake in the date.

They know part 2 is going to make a ton of money so it makes sense that they would set a date for the next film. 

Source: Coming Soon

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