High-speed flight and space launch technologies are within the midst of an era of serious advances that will have a transformational impact on the capabilities available to both commercial users and defense planners. Research and development activities conducted as a part of Government-led research programs and by commercial companies are pushing the boundaries of conventional hypersonic propulsion technologies and resulting in the event of innovative new engine technologies that would cause a step-change in capabilities.
This increased specialization in hypersonic technologies is being driven by building awareness of the necessity for the US and its allies to take care of their technological leadership, particularly given recent advances made by Russia and China. This focus was demonstrated by the Defense Department’s recent request of $2.6 billion toward the event of hypersonic technologies within the financial year 2020 and its decision to just about double its long-term investments from $6 billion to $11.2 billion over subsequent five years.
At an equivalent time, significant growth within the commercial spaceflight sector has resulted in advances in launch technologies which are being driven by pioneering commercial entrants like Space-X and Blue Origin. Their innovation is succeeding in driving down launch costs and increasing the reusability of launch vehicles. However, within the main, these advances are seeking to enhance on chemical launcher technology that was first developed within the middle of the last century, so it'll invariably reach a limit beyond which further fundamental capability enhancements are going to be difficult to deliver.
Against this backdrop, major recent advances made by the team at Reaction Engines within the development of its innovative SABRE class of combined cycle air-breathing rocket engines have received significant attention.
Reaction Engines, where I even have been chief executive since May 2015, maybe a privately held company based in Oxfordshire, UK with a US incorporated subsidiary and testing facilities located in Colorado. the corporate has uplifted over $130m from private and commercial sources over the last four years, including investments from Boeing Horizon-X, Rolls- Royce, and BAE Systems, also as funding from DARPA, the united kingdom Government, and therefore the European Space Agency.