Oxfordshire-based Reaction Engines are developing a new aerospace engine class that combines both jet and rocket technologies. They call it the greatest advance in propulsion since the jet engine; potentially revolutionizing hypersonic flight and dramatically reducing the cost of space access. The company recently announced a strategic investment from BAE Systems of 20.6 million pounds ($31.4 million USD), in addition to a grant funding of 60 million pounds ($.4 million USD) from the British government, to accelerate the development of their unique SABRE engine.
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