ABINGTON, UK, 12 April 2018 (Reaction Engines PR) – Reaction Engines Limited (‘Reaction Engines’) today announced that it has raised a further £26.5 million in a strategic fundraising by securing backing from some of the most influential names in aerospace and finance which will support its development of SABRE™ – a revolutionary new class of aerospace engine combining jet and rocket technologies.
New strategic investors are Boeing HorizonX Ventures, the investment arm of Boeing, the world’s largest aerospace company and leading manufacturer of commercial jetliners and defence, space and security systems; and Rolls-Royce, a pre-eminent engineering company focused on world class power and propulsion systems whose experience and capability in building complex engine systems is well known.
Reaction Engines has received a large investment by Boeing HorizonX and two other companies, CNBC reports.
The U.S. industrial giant joined Rolls-Royce and defense company BAE Systems in a $37.6 million fundraising round for U.K.-based propulsion company Reaction Engines. This is both the second foreign investment and the second space investment for Boeing HorizonX Ventures, which contributed to the $15 million funding round for Australian satellite company Myriota last month.
Reaction Engines’ advanced propulsion “could change the future of air and space travel,” according to Boeing HorizonX vice president Steve Nordlund.
“We expect to leverage their revolutionary technology to support Boeing’s pursuit of hypersonic flight,” Nordlund said in a statement.
Reaction Engines, which has now raised more than $140 million over the last three years, is developing a hybrid jet and rocket engine. In theory, the company’s SABRE engine will be capable of operating as a jet at take-off and transitioning to a rocket at higher altitudes.
CASTLE ROCK, Colo., September 25, 2017 (Reaction Engines PR) — Reaction Engines Inc., the U.S. subsidiary of Reaction Engines, today announced that it has received a contract from the U.S. Defense Advanced Research Projects Agency (DARPA) to conduct high-temperature airflow testing in the United States of a Reaction Engines precooler test article called HTX.
The precooler heat exchanger is a key component of the company’s revolutionary SABRE air-breathing rocket engine and has the potential to enable other precooled propulsion systems. The primary HTX test objective is to validate precooler performance under the high-temperature airflow conditions expected during high-speed flights up to Mach 5.
WESTCOTT, UK (Reaction Engines PR) — Reaction Engines Ltd. today began construction of a new engine test facility where it plans to undertake the first ground based demonstration of its revolutionary SABRE™ air-breathing rocket engine.
The test facility at Westcott, Buckinghamshire, UK will enable Reaction Engines to test critical subsystems along with the testing of a SABRE engine core, which will commence in 2020.
The project represents a substantial investment for Reaction Engines, which will consist of a multi-purpose propulsion test stand designed to accommodate various test engine configurations, an assembly building, workshops, offices and control room. The location of workshops and other support facilities alongside the test stand will enable configuration changes to the engine to take place at the site, reducing the down time between testing phases and accelerating the development programme of the SABRE engine.
ABINGTON, UK (Reaction Engines PR) — Reaction Engines Ltd., a UK based company developing a new class of aerospace engine, today announces the strengthening of its leadership team with two senior management appointments and the establishment of a US-based subsidiary to lead its engagement with potential US government and industry partners.
The company has appointed Mark Wood to the newly created role of Chief Operating Officer & Engineering Director, with responsibility for operational leadership, improving the efficiency and effectiveness of the business through integration, collaboration and operational best practices.
Mark Wood joins Reaction Engines from Safran Power UK, where he most recently held the position of Engineering Director, with responsibility for Safran Power Engineering in the UK and for engineering services across the whole Power division. He will report to Mark Thomas, Reaction Engines’ Chief Executive Officer.
FARNSBOROUGH, UK (UKSA PR) — The UK Space Agency is investing £4.12m in a National Propulsion Test Facility, giving the UK a new facility for space technology testing. The facility will allow UK companies and academia to test and develop space propulsion engines. The planned facility will be based at Westcott in Buckinghamshire, with its strong history of rocketry research for defence and space development, building on existing facilities.
The UK Space Agency investment will add new capabilities for the UK space sector. Government funding will:
Create a new vacuum facility at the Westcott propulsion test site. When used together with the existing industry owned rocket firing test cells, this will allow the simulation of high altitude testing of thrusters up to 2kN.
Upgrade an existing industry owned test chamber to improve capabilities in the 25N thrust range.
Open the facilities, alongside a smaller 1N thruster test chamber at the site, for the community to use. The UK’s Science and Technology Facilities Council (STFC), through its RAL Space facility will act as an independent broker for facility access. The European Space Agency (ESA) will be advising and overseeing the initial detailed design phase before a review in the autumn to move to full implementation.
FARNBOROUGH, UK (Reaction Engines PR) — Reaction Engines Ltd., today announces the signing of a €10m European Space Agency (ESA) contract which will enable the development of a ground based demonstrator of SABRE™, a new class of aerospace engine which is highly scalable with multiple potential applications in hypersonic travel and space access.
ABINGTON, England (Reaction Engines PR) — The Board of Reaction Engines Ltd is pleased to announce the appointment of Chris Allam, Engineering Director at BAE Systems, as a Director of the Company. His appointment is part of the strategic investment and working partner relationship BAE Systems has entered into with Reaction Engines and he will co-ordinate BAE Systems’ collaboration on Reaction Engines’ development of its SABRE™ engine.
LONDON (BAE Systems PR) — BAE Systems plc and Reaction Engines Limited (‘Reaction Engines’) today announced a strategic investment by BAE Systems and a working collaboration to accelerate Reaction Engines’ development of SABRE™ – a new aerospace engine class that combines both jet and rocket technologies with the potential to revolutionise hypersonic flight and the economics of space access.
The transaction is subject to the approval of Reaction Engines’ shareholders.
BRUSSELS, Belgium (EC PR) — The European Commission has found that a £50 million (around €71 million) grant that the UK authorities intend to provide for designing a SABRE space launcher engine is in line with EU state aid rules.
CULHAM, England (Reaction Engines PR) — The Reaction Engines team are celebrating the installation and current commissioning of a new state-of-the-art high vacuum furnace at Culham Science Centre, Oxfordshire.
WESTCOTT, England (Reaction Engines PR) — Reaction Engines Ltd. have begun their latest round of rocket engine testing in Westcott, UK.
The SABRE engine requires a novel design of the rocket engine’s thrust chamber and nozzle to allow operation in both air-breathing and rocket modes, as well as a smooth transition between the two. The Advanced Nozzle project is demonstrating the feasibility of this concept and represents a significant technology development effort towards the SABRE demonstrator engine.
OXFORDSHIRE, England (Reaction Engines PR) — Reaction Engines Ltd. is pleased to announce that analysis undertaken by the United States’ Air Force Research Laboratory (‘AFRL’) has confirmed the feasibility of the Synergetic Air-Breathing Rocket Engine (‘SABRE’) engine cycle concept.
ABINGTON, England (Reaction Engines PR) — This year, the Reaction Engines team are expanding in staff and activities to complete the SABRE demonstrator programme, with delivery on track for 2019. The company has relocated to larger premises on Culham Science Centre; consolidated its two manufacturing subsidiaries to a single new location in Didcot; and is recruiting across the company, ready for the design, manufacture and testing of the full SABRE engine cycle. This growth phase has also included the purchase of new, bespoke equipment which will enable Reaction Engines to manufacture its proprietary SABRE pre-coolers in-house, at full scale.