Last week it was leaked that Ford would be bringing its purpose-built drag racer, the Cobra Jet, back for another year in 2012. Today Ford revealed the Cobra Jet ($103,980) at the Performance Racing Industry (PRI) show in Florida.

The Cobra Jet gets an updated version of the supercharged 5.4-liter V8, modified suspension, low-drag racing brakes, new black anodized wheels and a stickier set of Goodyear racing slicks. Three colors will be offered – Race Red, Grabber Blue and Winner White.