A systems study to identify the economic potential for a high-speed commercial transport (HSCT) has considered technology, market characteristics, airport infrastructure, and environmental issues. Market forecasts indicate a need for HSCT service in the 2000/2010 time frame conditioned on economic viability and environmental acceptability. Design requirements focused on a 300 passenger, 3 class service, and 6500 nautical mile range based on the accelerated growth of the Pacific region. Compatibility with existing airports was an assumed requirement. Mach numbers between 2 and 25 were examined in conjunction with the appropriate propulsion systems, fuels, structural materials, and thermal management systems. Aircraft productivity was a key parameter with aircraft worth, in comparison to aircraft price, being the airline-oriented figure of merit. Aircraft screening led to determination that Mach 3.2 (TSJF) would have superior characteristics to Mach 5.0 (LNG) and the recommendation that the next generation high-speed commercial transport aircraft use a kerosene fuel. The sensitivity of aircraft performance and economics to environmental constraints (e.g., sonic boom, engine emissions, and airport/community noise) was identified together with key technologies. In all, current technology is not adequate to produce viable HSCTs for the world marketplace. Technology advancements must be accomplished to meet environmental requirements (these requirements are as yet undetermined for sonic boom and engine emissions). High priority is assigned to aircraft gross weight reduction which benefits both economics and environmental aspects. Specific technology requirements are identified and national economic benefits are projected.