皇冠体育app

Oxfordshire-based Reaction Engines has secured a further 拢26.5 million to support the development of SABRE鈩� - a revolutionary new class of aerospace engine combining jet and rocket technologies.

皇冠体育app UK Government has previously committed 拢60 million funding via the UK Space Agency and the European Space Agency to support the development of the project. 皇冠体育app new strategic investors are Boeing HorizonX Ventures, the investment arm of the world鈥檚 largest aerospace company Boeing; and Rolls-Royce, which has been at the forefront of British engineering for over a century.

皇冠体育appy join BAE Systems, which invested 拢20.6 million in Reaction Engines in 2015 and is providing further investment in this round, as well as financial investors Baillie Gifford Asset Management and Woodford Investment Management.

Together these investments take the total raised by Reaction Engines in the last three years to over 拢100 million.

Sam Gyimah, Minister of State for Universities, Science, Research and Innovation, said:

鈥溁使谔逵齛ppse investments are a real vote of confidence in Reaction Engines and its revolutionary SABRE engine, which has benefited from 拢60m in UK Government support. Boeing and Rolls-Royce will bring world-class expertise to the project ahead of its testing at Westcott, alongside the new National Space Propulsion Facility.

鈥淭his is an exciting time as the UK鈥檚 commercial space industry goes from strength to strength, boosting the economy and creating high-skilled jobs across the country. Through our ambitious Industrial Strategy, we are working with the sector to pursue new opportunities, develop technologies and infrastructure, and enable small satellite launch and sub-orbital flight from UK spaceports for the first time.鈥�

Reaction Engines is currently constructing a new facility in Westcott, Buckinghamshire, UK for SABRE testing. 皇冠体育app UK Space Agency is also investing more than 拢4 million in a National Propulsion Test Facility on the same site, which has a strong history of rocketry research for defence and space development.

Mark Thomas, Chief Executive of Reaction Engines said:

鈥淭his is a significant milestone for Reaction Engines and I am delighted to welcome our new strategic and financial shareholders. In addition to providing our largest round of private investment, these new partners bring invaluable expertise in both hypersonics and engine technologies with significant access to target markets. This is not only a vote of confidence in our technology but also underlines belief in our ability to develop a thriving commercial business which will provide strong financial returns for our shareholders.鈥�

Find out more about the UK National Space Propulsion Facility