After more than four years of development and many months after first renderings were publicized, the first example of the Porsche 911 re-imagined by Singer and Williams has been completed.

Dubbed the Dynamics and Lightweighting Study, (DLS) the aim of the project was to create a no-expense-spared air-cooled 911 with the best modern technologies in a classic body.

Singer intends on building 75 examples of its ultimate 911, each priced at $1.8 million. That’s a lot of money, can it possibly be worth it? Prior to the car’s debut at the Goodwood Festival of Speed, Top Gear had the chance to check it out up close.

Certainly the most desirable aspect of the DLS is its engine, arguably the greatest air-cooled ever created. Developed by Williams with consultation from legendary Porsche engineer Hans Mezger, it is a four-valve, four-camshaft, naturally-aspirated 4.0-liter flat-six delivering 500 hp. If that doesn’t excite you, you’re not a car person.

Do 911s get better than this?

Elsewhere, the car features revised suspension and bespoke Brembo brakes with carbon ceramic discs that use the same compound as those found on the Bugatti Chiron. As the video below shows, the car looks out of this world, combining the aggression and appeal of flared wheel arches with the classic cues that made the 911 so iconic.

According to Rob Dickinson, the man behind Singer Vehicle Design, the DLS could prove to be a very valuable car in the future.

“It’s difficult for me to say this without sounding like a little bit of a d***, but I do think these 75 cars will be historically important in years to come,” he said.

“Getting this group of people together to celebrate this iconic machine, in such a focused way, with such a proper budget, won’t happen again.”