With a bit of spare cash in its back pockets, BAE Systems has bought a 20 per cent stake in Reaction Engines, a company developing a radical engine that could propel aircraft into space.
The Sabre (Synergetic Air-Breathing Rocket Engine) hybrid rocket/jet engine is designed to launch satellites at a fraction of current costs. BAE will invest £20.6m to acquire 20 per cent of Reactions’s share capital to accelerate the company’s development of Sabre.
E&T covered this BAE news in full yesterday.
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