{"id":90945,"date":"2018-04-12T07:00:09","date_gmt":"2018-04-12T07:00:09","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=8c6a381517bb6fa351c5f32a95c69e22"},"modified":"2018-04-12T07:00:09","modified_gmt":"2018-04-12T07:00:09","slug":"news-story-global-aerospace-giants-invest-in-uk-firm-reaction-engines","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=90945","title":{"rendered":"News story: Global aerospace giants invest in UK firm Reaction Engines"},"content":{"rendered":"
\n

Oxfordshire-based Reaction Engines has secured a further \u00a326.5 million to support the development of SABRE\u2122 – a revolutionary new class of aerospace engine combining jet and rocket technologies.<\/p>\n

The UK Government has previously committed \u00a360 million funding via the UK Space Agency and the European Space Agency to support the development of the project.
\nThe new strategic investors are Boeing HorizonX Ventures, the investment arm of the world\u2019s largest aerospace company Boeing; and Rolls-Royce, which has been at the forefront of British engineering for over a century.<\/p>\n

They join BAE Systems, which invested \u00a320.6 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.<\/p>\n

Together these investments take the total raised by Reaction Engines in the last three years to over \u00a3100 million.<\/p>\n

Sam Gyimah, Minister of State for Universities, Science, Research and Innovation, said:<\/p>\n

\u201cThese investments are a real vote of confidence in Reaction Engines and its revolutionary SABRE engine, which has benefited from \u00a360m 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.<\/p>\n

\u201cThis is an exciting time as the UK\u2019s 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.\u201d<\/p>\n

Reaction Engines is currently constructing a new facility in Westcott, Buckinghamshire, UK for SABRE testing. The UK Space Agency is also investing more than \u00a34 million in a National Propulsion Test Facility on the same site, which has a strong history of rocketry research for defence and space development.<\/p>\n

Mark Thomas, Chief Executive of Reaction Engines said:<\/p>\n

\u201cThis 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.\u201d<\/p>\n

Find out more about the UK National Space Propulsion Facility<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Science Minister Sam Gyimah hails new private investment from Boeing and Rolls-Royce as a ‘vote of confidence’ in British-built SABRE rocket and jet engine.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/90945"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90945"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/90945\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}