Craig's Bond meets up with Armas' Paloma while on a mission, in the clip released on Thursday.
The pair quickly get into a gun fight and share a drink together. Paloma wields two guns and dropkicks an enemy.
Bond will also be working with new agent Nomi, portrayed by Lashana Lynch, and a returning Madeleine Swann, portrayed by Léa Seydoux. Agent 007 and his team will contend with Safin, a new villain brought to life by Rami Malek.
"We both eradicate people to make the world a better place. I just want to be a little tidier," Safin says.
"In No Time to Die, Bond has left active service and is enjoying a tranquil life in Jamaica. His peace is short-lived when his old friend Felix Leiter from the CIA turns up asking for help. The mission to rescue a kidnapped scientist turns out to be far more treacherous than expected, leading Bond onto the trail of a mysterious villain armed with dangerous new technology," reads the synopsis.