Abstract: The annular flow, electrothermal, plug ramjet is examined as a possible means of achieving rapid projectile acceleration to velocities for such applications as direct launch of spacebound payloads. The performance of this ramjet operating with hydrogen propellant is examined for cases where this working fluid is treated: (1) as a perfect gas, and (2) as a gas that is allowed to dissociate and ionize and then recombine with finite reaction rates in the nozzle. Performance results for these cases are compared to the performance of a conventional ramjet operating with perfect gas hydrogen propellant. The performance of the conventional ramjet is superior to that of the annular flow, electrothermal ramjet. However, it is argued that the mechanical complexities associated with conventional ramjet operation are difficult to attain, and for this reason the annular flow, electrothermal ramjet is more desirable as a launch system. Models are presented which describe both electrothermal plug ramjet and conventional ramjet operation, and it is shown that for a given flight velocity there is a rate of heat addition per unit propellant mass for which ramjet operation is optimized.