The 240 CID engine was never offered on first generation Mustangs.
The 1994 Ford Mustang Cobra SVT was rated at 240-horsepower
The 1995 Ford Cobra has 240 horsepower 5.0L V-8
The point gap for the 200 cubic inch inline 6 cylinder engine in a 1966 Ford Mustang is ( .024 to .026 inch )
The 2007 Ford Mustang's engine produces 240 ft-lbs. @ 3500 rpm.
The 2010 Ford Mustang's engine produces 240 ft-lbs. @ 3500 rpm.
The 2005 Ford Mustang's engine produces 240 ft-lbs. @ 3500 rpm.
The 2006 Ford Mustang's engine produces 240 ft-lbs. @ 3500 rpm.
The 2008 Ford Mustang's engine produces 240 ft-lbs. @ 3500 rpm.
The 2009 Ford Mustang's engine produces 240 ft-lbs. @ 3500 rpm.
240 hp
215 HP (GT) or 240 HP (Cobra) was available.
The 1995 Ford Cobra has 240 horsepower 5.0L V-8