The V38 stealth fighter is a new form of TIE Fighter, developed by Darth Vader during the later years of the Galactic Civil War. It had a central sphere surrounded by three triangular wings, mounted with laser cannons. It had incredible stealth power, evading nearly every known form of sensor. This was due to its uniqe cloaking ability. It was classified by Alliance military leaders as an assault fighter.

Though deadly coming out of its cloak, the element of surprise is the Phantom's only real advantage, because it projects very weak shields. The Phantom has never been mass-produced.