NASA's Next Generation Launch Technology (NGLT) program recently funded studies of the Gryphon launch architecture. Gryphon combines existing technologies with moderate propulsion advancements and a design for operations approach into a unique, aircraft-like architecture. A joint NASA/industry team was assembled by NGLT's Systems Analysis Project to assess the Gryphon concept and produce a conceptual design to specific performance, reliability, safety, and life cycle cost goals while meeting NASA and DoD requirements.