A new team composed of Red Hulk, Deadpool, Elektra, Agent Venom, and Punisher debuted as a part of Marvel NOW! major relaunch. Written by Daniel Way with drawings by Steve Dillon. This incarnation is not a government-sponsored team.
Red Hulk assembles his incarnation of the Thunderbolts to be a strike team that is close to “Code Red.” He has gathered Deadpool, Elektra, Punisher, and Agent Venom because “their conditions cannot be cured.” Red Hulk has his Thunderbolts do things that are similar to X-Force. Red Hulk has obtained Samuel Sterns’ body and hooks it up to a machine that emits Red Gamma Radiation onto Samuel Sterns. Deadpool later finds Samuel Sterns’ as a Red Leader with no apparent powers as he expresses his view that the Punisher won’t be pleased. Punisher finds Red Leader’s body and shoots him between the eyes disrupting whatever plans Red Hulk has for Red Leader.