UK Government is, at last, going to invest in Reaction Engines' SABRE engine technology and development (see also blog entries on December 4 2012 and May 3 2012 for more detail) to the tune of £ 60 million!
Reaction Engines was recently visited by George Osborne (Chancellor of the Exchequer) and David Willetts (UK Gov Science Minister) for discussions and to witness the ground testing of the new technology. £ 35 million will be released during 2014-15, and a further £ 25 million in 2015 - 16. Although this interest and financial contribution is very welcome, about 4 times this amount will be required to complete the development phase. Spin-off applications for the engine's heat exchanger technology will be also be sought. Picture shows Alan Bond (CEO Reaction Engines) on the far left, with George Osborne.
This writer wishes Alan and his team every success in the coming years of hard work in getting this technology off the test stand and into the sky!
Reaction Engines was recently visited by George Osborne (Chancellor of the Exchequer) and David Willetts (UK Gov Science Minister) for discussions and to witness the ground testing of the new technology. £ 35 million will be released during 2014-15, and a further £ 25 million in 2015 - 16. Although this interest and financial contribution is very welcome, about 4 times this amount will be required to complete the development phase. Spin-off applications for the engine's heat exchanger technology will be also be sought. Picture shows Alan Bond (CEO Reaction Engines) on the far left, with George Osborne.
This writer wishes Alan and his team every success in the coming years of hard work in getting this technology off the test stand and into the sky!
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