Veteran actor James Handy, known for his roles in "Top Gun: Maverick" and "Jumanji," has died after being fatally stabbed in Los Angeles on Wednesday, according to police.

The Los Angeles Police Department responded to a report of an "unknown trouble" in the Tarzana neighborhood and discovered Handy, 81, in the front yard of a residence with a stab wound to the chest.

Handy was transported to a local hospital where he was pronounced dead. Authorities identified the victim as the veteran actor on Thursday. The suspect, 44-year-old Michael Gledhill, allegedly identified himself to responding officers as the person they were looking for. Gledhill is the son of Handy's girlfriend and lived with his mother and Handy.

Investigators allege Gledhill stabbed Handy, though a motive for the attack has not yet been revealed by authorities. Gledhill was arrested and booked on suspicion of murder, with bail set at $2 million.

The LAPD stated that the incident is considered isolated and that there is no ongoing danger to the public. The investigation into Handy's death is continuing.

Handy had a prolific career in film and television, with credits including "The Rocketeer" in addition to the aforementioned "Top Gun: Maverick" and "Jumanji." His extensive work has made him a recognizable figure in Hollywood productions.

Details surrounding the exact circumstances of the stabbing remain under investigation by the Los Angeles Police Department. Officials have not released further information regarding the timeline leading up to the incident or any potential disputes.

The death of James Handy has prompted reactions within the entertainment community, highlighting the loss of a seasoned actor with a significant body of work.