The actor-and-director will play a Russian villain who plots to wreck the US economy opposite Chris Pine as the titular detective in the movie, which is an origins story based on Tom Clancy's books starring the character.
Kenneth - who is also directing the production - said: ''Jack Ryan is a very fast-paced, very contemporary, very action-driven thriller. I don't tend to think of him as a villain, but if you're playing a villain, you don't think of him as a villain. You just think, 'My guy'. The character is a great anti-thesis, but it isn't as simple as that.
''It's great to see a character in this film with Jack Ryan. It's just a very strong, very interesting, complicated, complex character.
''When the project first came my way, it was really to do that. I had a long time to think about that prospect, before actually eventually having them ask me to direct it. And then, we put aside the issue of me being in it for a while because there were so many other things to deal with. Literally, months later, Paramount said, 'Well, do you think you might?', and I said, 'Yeah, I think I'd like to.' ''
Kenneth also admitted he would love to direct a 3D version of a Shakespeare story.
He told Collider.com: ''As a filmmaker, I would like to do an IMAX 3D Shakespeare film. Instead of going to some strange part of the world and it's a rainy afternoon and you're looking for something to do, so you go to the IMAX theater, but you're always watching the story of wolves or things that I understand to absolutely get jumping up and down about, I fancy a 40-minute A Midsummer Night's Dream in IMAX 3D.''