WASHINGTON, United States. BAE Systems is buying a 20% stake in rocket engine maker Reaction Engines, the company announced on 2 November. BAE will pay GBP20.6 million (USD31.8 million) for the stake, and the companies said that the deal was designed to provide a partnership arrangement moving forward.
Reactions Engines specialises in developing technology for air-breathing rocket engines, specifically Synergetic Air-Breathing Rocket Engines (SABRE). The company said that its technology will help advance the engines that can operate at up to five times the speed of sound in the atmosphere and change its functioning parameters so that it can work without air in space.
Credit: Janes
