Armie Hammer & Elizabeth Chambers Expecting First Baby

Armie Hammer has a lot to look forward to this year. In addition to his role in Guy Ritchie‘s The Man From U.N.C.L.E. (shooting begins this month), he's prepping for another plum job: Dad!

The Social Network actor and his wife Elizabeth Chambers, a journalist and TV host, are expecting their first baby together later this year, Hammer's rep confirms to PEOPLE

“They will be amazing parents,” a source tells PEOPLE. “They are such a loving couple that this is the perfect next chapter in their lives.”

The couple, who also own and run Bird Bakery in San Antonio, Texas, celebrated their four-year anniversary last month.

Photo: Wenn