Rolls-Royce and Boeing invest in UK space engine

Rolls-Royce and Boeing invest in UK space engine
 

Reaction Engines Limited (REL), the UK company developing a revolutionary aerospace engine, has announced investments from both Boeing and Rolls-Royce.
REL, based at Culham in Oxfordshire, is working on a propulsion system that is part jet engine, part rocket engine.
The company believes it will transform the space launch market and usher in hypersonic travel around the Earth.
The new investments amount to £26.5m.
Included in this sum are contributions from Baillie Gifford Asset Management and Woodford Investment Management.
It lifts the total capital raised in the past three years to about... read more

 
12 April 2018 in Regional, Views: 81
Source: BBC
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