Rolls-Royce invests in Reaction Engines

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Rolls-Royce invests in Reaction Engines

12 April 2018

Rolls-Royce announces it is investing in Reaction Engines Limited, the UK-based aerospace technology company. The investment is part of a strategic fundraising by Reaction Engines which will support the further development of the SABRE™ concept, which combines air breathing rocket and associated technologies.

Paul Stein, Chief Technology Officer, Rolls-Royce said: “We are delighted to become a strategic investor in Reaction Engines Limited, an innovative UK company that is helping push the boundaries of aviation technology.”

“Rolls-Royce is increasingly pioneering new technologies through partnership and collaboration. We look forward to working with Reaction Engines and assisting with the development of their technology, and we plan to incorporate this technology into future products.”

The investment, financial details of which are not being disclosed, will take the form of a subscription for new shares, which is subject to the approval of existing shareholders.

About Rolls-Royce Holdings plc

  1. Rolls-Royce pioneers cutting-edge technologies that deliver the cleanest, safest and most competitive solutions to meet our planet’s vital power needs.
  2. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
  3. Annual underlying revenue was £15 billion in 2017, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £78.5 billion at the end of December 2017.
  4. In 2017, Rolls-Royce invested £1.4 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
  5. Rolls-Royce employs almost 50,000 people in 50 countries. More than 16,500 of these are engineers.
  6. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2016 we recruited 274 graduates and 327 apprentices through our worldwide training programmes.

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