03/11/2015 10:47

BAE Systems and Reaction Engines to develop a ground breaking new aerospace engine

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.

Under the terms of the agreement, BAE Systems will invest £20.6 million in Reaction Engines to acquire 20 per cent of its share capital and also enter into a working partner relationship. The working partnership will draw on BAE Systems’ extensive aerospace technology development and project management expertise and will provide Reaction Engines with access to critical industrial, technical and capital resources to progress towards the demonstration of a ground based engine – a key milestone in the development of the technology. Under the agreement BAE Systems will enter into a preferred supplier relationship with Reaction Engines in certain agreed areas and will have representation on the board of Reaction Engines.

Reaction Engines is a privately held company based in the United Kingdom developing the technologies needed for an advanced combined cycle air-breathing rocket engine called SABRE (Synergetic Air-Breathing Rocket Engine). This new class of aerospace engine is designed to enable aircraft to operate from standstill on the runway to speeds of over five times the speed of sound in the atmosphere. SABRE can then transition to a rocket mode of operation, allowing spaceflight at speeds up to orbital velocity, equivalent to twenty five times the speed of sound. Reaction Engines’ technology has undergone extensive independent technical assessments which have confirmed its viability and potential vehicle applications.

The UK Government is expected to confirm grant funding of £60 million for Reaction Engines to further SABRE’s development towards a ground based test engine and to investigate its applications for space access vehicles. Together with BAE Systems’ investment, this significant injection of capital will support Reaction Engines’ transition from a successful research phase into development and testing of the engine, including plans to expand its workforce of skilled engineers.