California's Tiberius Aerospace lands $500 million deal for ramjet artillery shell with UK partners
California-based Tiberius Aerospace announced a $500 million contract to manufacture, license, and distribute its Sceptre ramjet-powered 155mm artillery shell with a group of unnamed British technology partners. The deal was signed on 1 October. Tiberius did not disclose the number of rounds or the identity of the UK firms involved.
Why it matters: A U.S. startup is licensing a ramjet artillery round to Britain in a half-billion-dollar deal — suggesting someone on the British side believes extended-range fires are worth betting on unproven propulsion, or that the contract is structured to limit risk if the physics don't deliver.