Reaction Engines secures more development funding

Posted on 12 Jul 2016 by Michael Cruickshank
Skylon air-spacecraft with SABRE engine. Image courtesy of Reaction Engines.

UK-based aerospace startup Reaction Engines has been awarded further funding from European and UK space agencies.

According to reporting by Financial Times, the company received €10m ($11m) in funding from the European Space Agency (ESA) to continue the development of its SABRE engine. This sum would then unlock a further £50m ($66.3m) in funding from the UK’s own space agency. Reaction Engines, now partially owned by UK defense company BAE Systems,…

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