UK company to develop jet engine that travels five times faster than sound
SABRE is a new class of aerospace engine which is highly scalable with multiple potential applications in hypersonic travel and space access.
This signing represents the final piece of the British Government’s £60 million commitment of grant funding towards the SABRE programme.
Within this commitment, €10m is being administered by ESA’s Technology Centre (ESTEC), alongside £50 million directly through the UK Space Agency.
The terms of the UK Space Agency grant funding were agreed in late December 2015. In November 2015, BAE Systems invested £20.6 million in Reaction Engines to acquire 20 per cent of its share capital and agreed to provide industrial, technology development and project management expertise to support Reaction Engines during its development phase.
The agreements now in place between Reaction Engines, ESA and the UK Space Agency, together with the working partnership with BAE Systems, set the framework for Reaction Engines to deliver the world’s first SABRE ground demonstrator engine by the end of the decade. ■