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Boeing, BAE, Rolls-Royce Invest In U.K. Hypersonic Engine Company

Cal Biesecker By
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Boeing [BA] on April 11 said its venture arm has made an investment in a small British company that is developing hypersonic propulsion technology for aircraft and rockets.The Boeing HorizonX Ventures investment in Reaction Engines is part of a $37.3 million funding round that includes Britain’s Rolls-Royce and BAE Systems. BAE in 2015 also made an investment in Reaction Engines valued at around $40 million for a 20 percent stake in the company.The HorizonX investment is also its first in a British company and second in…

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