Yes, this is real. Bozo the Iron Man was a Quality Comics character featured in Smash Comics until issue 42. According to Comicvine, Bozo has fallen to public domain.
Hugh Hazzard was a man with connections to the police. He found a robot and (temporily) deactived it. He enter the robot (it was hollow). He used to go back to find where it came from and found out it was made by an evil scientist. A fight broke out and the scientist died. Hugh took the robot and used to fight crime, dubbing it "Bozo". He altered the robot to make it fly. The robot was either used like a mecha robot (controled by a walkie talkie) or power armor (a la Iron Man). Bozo has made several cameos in DC Comics (who owe a majority of Quality Comics' superheroes). Bozo was the inspiration for the DC Comics villain "Gonzo the Mechanical B*stard".
My sources were the Wikipedia page "Bozo the Iron Man" and the Comicvine page "Public Domain Characters".
Yes, I know the pun is lame. The Force of July is an antagonistic superhero team in the DC Universe. They are an extremely patriotic superhero team that works for the government. However, they end up fighting with other superhero teams such as the Outsiders and Suicide Squad. This team consisted of the leader Major Victory (a super strong hero who flies and fires energy bolts), the energy-blasting Lady Liberty (who could also fly), the self-duplicating Silent Minority, Sparkler (who could project light in the form of beams or fireworks and fly) and the planet-controlling Mayflower. All the original members would sooner or later be killed.
An offshoot of the team, called Freedom's Ring, appeared in Crisis Aftermath: The Battle for Blüdhaven. They protecting the titular city. Members were new versions of Major Victory, Lady Liberty and Silent Minority. The latter two were killed by the Nuclear Legion. The Freedom Ring was absorbed into First Strike (a special team working for S.H.A.D.E. led by Father Time). It got new members including the "grey skinned giant" Bigfoot, tiny soldier Doll Man, the robot Gonzo the Mechanical B*stard, Human Bomb (who can detonate matter), Lady Liberty III, Silent Minority III, Phantom Lady (who "bend dimensional reality" via her black light projector), Major Victory II, psychic Replicant and villain Major Force (the unrespected leader).
Time to talk about Captain Marvel. Not the the DC one nor any of the Marvel Comic versions. I am talking about the Captain Marvel of M. F. Enterprises. He was made when Captain Marvel wasn't being published.
He is alien robot from another planet. He went to Earth when his planet exploded. He became the superhero Captain Marvel. He befriended a young Bill Baxton (sound like Billy Batson doesn't it?)
Despite being able to "fly, shoot lasers from his eyes, deflect bullets, and emit eletrical shocks", his most notable power was the fact by saying "Split" he could shoot off his limb and reattach them when he said "Xam" (I'm not joking nor were they). The character had only a handful of appearances.