An updated 2018 Ford Mustang Cobra Jet has arrived to celebrate 50 years of the iconic, drag-racing legend. No surprise, it's the fastest little pony the company has ever produced. According to Ford Performance, the 2018 Mustang Cobra Jet is the most powerful and quickest version from the factory ever, capable of running the quarter-mile in the mid-8-second range while topping 150 mph through the speed traps-and that's before setup improvements shave tenths off that time.

"From the very first Mustang Cobra Jets dominating the 1968 NHRA Winternationals to our modern-day Cobra Jet racers, the Ford Performance Parts team continues to build the Cobra Jet brand based on its success at the track over five decades," said Eric Cin, global director, Ford Performance Parts. "That, in turn, has inspired generations of Mustang fans to create their own performance machines for the street." The 2018 Mustang Cobra Jet is engineered by the Ford Performance Parts team. The turn-key, competition-spec drag racer has been developed on the 2018 Ford Mustang platform and will be limited to 68 non-VIN production cars.

All Cobra Jets start as body-in-whites from Ford's Flat Rock Assembly plant, before the team drops in a supercharged 5.2-liter Coyote V8 and unique four-link rear suspension, along with a Ford 9-inch rear end and axle from Strange Engineering. Racey add-ons include an NHRA-certified roll cage, Racetech FIA seats, and a drag race-specific coil-over suspension with specially designed Weld Racing wheels. The 2018 Mustang Cobra Jet will be offered in either Race Red or Oxford White and features an available commemorative 50th anniversary graphics package and anniversary badging.

The previous generation Cobra Jet, pictured here, was originally released in 2016. Final 2018 Mustang Cobra Jet ordering and product specifications will be released by Ford this summer. The car is legal for National Hot Rod Association drag racing, along with several National Mustang Racers Association and National Muscle Car Association classes.