Ford Performance has taken the wraps off the new Mustang Cobra Jet, which it bills as the “quickest drag-racing Mustang ever”, adding that it is capable of covering the quarter-mile in the mid-eight-second range.

The Blue Oval brand describes the 2018 Mustang Cobra Jet as a “limited-edition turnkey race car” (just 68 examples will be built) that honours the 50th anniversary of the original. Needless to say, it isn't road legal.

Developed to be the most powerful and quickest Mustang Cobra Jet from the factory ever, the brand says the new model is capable of clocking 240 km/h while turning in a mid-eight-second quarter-mile run. Ford has yet to reveal the newcomer's official power output.

Still, we do know that the Cobra Jet is powered by a “strengthened” (slightly larger displacement than normal) 5,2-litre version of Ford’s V8, fitted with a 3,0-litre Whipple supercharger.

This engine sends its grunt to a nine-inch solid rear axle, while two-way coil-over shocks with adjustable ride height and a “low-drag” disc brake system from Strange Engineering are also included, along with a four-link rear suspension set-up with anti-roll and panhard bars.

Additional factory-provided performance upgrades include an NHRA-certified safety roll cage, FIA-certified seats and anniversary-badged racing wheels.

The new Mustang Cobra Jet will be offered in either Race Red or Oxford White and can be outfitted with 50th Anniversary graphics and badging, if the customer so desires. The price? Some $130 000 (that’s around R1,9-million)…