Ford is not building only fast cars for the streets. It is also building fast cars for the circuits, like the quickest drag racing Mustang ever, capable of covering a quarter-mile in the mid-eight-second range.

The 2018 Mustang Cobra Jet is a limited-edition turnkey race car that honors the 50th anniversary of the original that dominated drag strips in 1968. The new Cobra Jet makes its public debut this weekend at the 2018 Woodward Dream Cruise.

The Ford Performance Parts team developed the 50th Anniversary car to be the most powerful and quickest Mustang Cobra Jet from the factory ever – capable of topping 150 mph while turning in a mid-eight-second quarter-mile run.

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The car is powered by a special 5.2-liter version of Ford’s famed 5.0-liter V8, strengthened and outfitted with a 3.0-liter Whipple supercharger. The engine sends power to the ground through a 9-inch solid rear axle, two-way coil-over shocks with adjustable ride height and a low-drag disc brake system from Strange Engineering as well as a four-link rear suspension with antiroll and panhard bars.

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

The new Mustang Cobra Jet is available in either Race Red or Oxford White and can be outfitted with exclusive 50th Anniversary graphics and badging. Customers can order now at an MSRP of $130,000. Production is limited to 68 cars, in honor of Cobra Jet’s 1968 debut.