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The Mark LV (Mark 85) is Tony Stark's eighty-fifth, final and ultimate Iron Man Armor. The armor is equipped with enhanced nano-structure and is exceptionally more durable and efficient in combat than its base model the Mark L. The armor appeared in Avengers: Endgame as Tony's current suit in 2023.

Tony Stark's Mark III armor symbolized the consolidation of Iron Man as a fully-fledged superhero, a key turning point in the designs for Iron Man's suits of armor. The most evident change he implemented in this model was the iconic red-and-gold coloring, inspired by one of his many luxury cars.

Actually, the Mark 85 suit was better in the way that it could generate energy shields. The Mark 50 nanotechnology was worn away through much damage, as shown during Iron Man's fight with Thanos on Titan.

Iron Man, also known as Tony Stark, names his suits as "Mark" followed by a number to denote the version or iteration of the suit.

(Iron Man) Tony Stark to Ho Yinsen about the Mark I. The Mark I (Mark 1), is the first Iron Man suit built and created by Tony Stark. It was built in the initial events of the live-action film, Iron Man. The suit was later used as a model for Obadiah Stane's Iron Monger suit.

Tony's new armor was the Mark 85. His armor in Infinity War was the Mark 50. We can assume with newfound knowledge of space tech, combined with access to Wakandan technology, he was able to highly upgrade his armor and the nanotech that forms it.

The suit's Mark number is a reference of the first comic appearance of Iron Man Model IV Armor: Iron Man #85 (1976).

In the end, Tony Stark snapped Thanos and his army out of existence and dies because of the irreversible damage his body has suffered from the Infinity Stones. When Tony snapped, he, ever the wise-cracker, replied to Thanos' ?I am inevitable? line with his own mic-drop, ?And I am Iron Man?.