Boeing and Rolls-Royce invest $37,6 in Reaction Engines Limited

Boeing and Rolls-Royce have invested £26.5 million (approx. $37.6 million) in Reaction Engines Limited, a UK-based aerospace company working on the 3D printing enabled SABRE engine, capable of Mach 25.

Reaction Engines Chief Executive Mark Thomas comments, “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,”

Reaction Engines was formed in 1989 “to design and develop the technologies needed for a new class of innovative hypersonic propulsion system,” i.e. the SABRE.  Steve Nordlund, Vice President of Boeing investment arm HorizonX comments, “We continue to connect capabilities around the globe with our investment in Reaction Engines, which is our first in a UK-based company. We expect to leverage their revolutionary technology to support Boeing's pursuit of hypersonic flight.”

The SABRE is a hybrid engine capable of flying at both low and high altitudes, using hydrogen/oxygen mixing (low altitude), or stored Liquid OXygen (LOX) when launched into space. With the latest fund from Boeing and Rolls-Royce, Reaction Engines has raised over £100 million ($142 million) in the past three years.

North Korea tried to sell 3,500KM range missiles – arms trader

 

North Korea offered 3,500km intermediate range ballistic missiles to UK arms dealer Michael Ranger, information detailed in a new UN report has revealed for the first time. Representatives from the North Korean front company Hesong Trading Corporation allegedly offered Mr. Ranger modern and vintage small arms and light weapons, GPS jammers, multiple launch rocket systems, and “extraordinarily,” ballistic missiles with a range of up to 3,500 km. (Read more)