Ford will be resurrecting the Mustang Cobra Jet nameplate for a return this summer as a modern day factory drag racer. The new Cobra Jet will be powered by the Romeo 605 5.4L V8 crate motor from Ford Racing which is similar to the GT500 engine. The Romeo 605 is built at FoMoCo Romeo engine plant niche assembly line with the upgraded TVS supercharger producing 605 horsepower & 550 lb-ft of torque. The Romeo 605 is the most powerful modular engine ever built on a Ford production line. The new Cobra Jet will come factory detuned to just 400 horsepower to meet NHRA rules. Ford plans to build only 50 of these factory drag racer’s for a handful of dealers. The new Cobra Jet is expected to be priced at $69,900 with dealer markups through the roof.

For a little history lesson, the Cobra Jet was introduced in 1968 making 2008 the 40 anniversary. Back in 1968 there was an initial production run of 50 Cobra Jet’s inspired by Ford Dealer and Mustang racer Bob Tasca which could be why they are only producing 50 this time. Eventually with the popularity of the Cobra Jet’s in 1968 Ford ended up producing a few thousand of them.