:

Business/Financial

Rolls-Royce Makes Further Investment In Reaction Engines

By Cal Biesecker

Monday, August 24th, 2020

SHARE:

Rolls-Royce Makes Further Investment In Reaction Engines

Reaction Engines' SABRE test site. Photo: Reaction Engines

Rolls-Royce plc last Friday said it has made an additional investment in Reaction Engines as part of a wider funding round in the United Kingdom-based advanced technology aircraft and rocket engine designer and developer, and has also partnered with the small company to develop high-speed aircraft propulsion systems. Terms of the latest funding round and investment by Rolls-Royce, also based in the U.K., were not disclosed. Rolls-Royce, Britain’s BAE Systems, and Boeing’s [BA] HorizonX ventures arm were all part of…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]