[ExI] Skylon gets £20 million investment

[BillK]

BAE Systems has bought a 20% stake in a company developing a radical
engine that could propel aircraft into space.

BAE is paying £20.6m for the stake in Reaction Engines, which is
developing a hybrid rocket/jet engine called Sabre.

<http://www.bbc.co.uk/news/business-34694935>

Reaction says the technology would allow the launch of satellites into
space at a fraction of the current cost and allow passengers to fly
anywhere in the world in four hours.

The British government is also investing £60m in the company.
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Why this investment? BAE Systems is one of the world's largest defence
contractors. It wants the engines for military aircraft.


BillK