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BAE Systems discloses Reaction Engines investment

Nov. 02, 2015 7:53 AM ETBAE Systems plc (BAESY) StockBAESY, BAESFBy: Yoel Minkoff, SA News Editor
  • BAE Systems (OTCPK:BAESY) is paying £20.6M for a stake in Reaction Engines, which is developing a hybrid rocket/jet engine called Sabre.
  • Reaction says the technology will 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 firm hopes to have a ground-based test engine working by the end of this decade and begin unmanned test flights by 2025.

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