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Cambridge Aerospace was just valued at $3.4 billion, less than two years after it was founded — and the two numbers that would let anyone test that valuation, the price of one Skyhammer and the size of its UK contract, have never been published as figures

Investors marked the British interceptor maker up 2.6 times in four months. The Ministry of Defence has described the deal three times, once as an intention and twice as a signed contract, without ever attaching a figure to it, and the company has never said what one costs, only that it costs tens of thousands of dollars.

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