In February 1958, the proposed bomber was designated "B-70", with the prototypes receiving the "X" experimental prototype designation. The name "Valkyrie" was the winning submission in early 1958, selected from 20,000 entries in a USAF "Name the B-70" contest. The Air Force approved an 18-month program acceleration in March 1958 that rescheduled the first flight to December 1961. But in late 1958 the service announced that this acceleration would not be possible due to lack of funding. In December 1958, a Phase II contract was issued. The mockup of the B-70 was reviewed by the Air Force in March 1959. Provisions for air-to-surface missiles and external fuel tanks were requested afterward. At the same time, North American was developing the F-108 supersonic interceptor. To reduce program costs, the F-108 would share two of the engines, the escape capsule, and some smaller systems with the B-70. In early 1960, North American and the USAF released the first drawing of the XB-70 to the public.