Boeing Ventures Arm Invests in UK-Based Hypersonic Propulsion Tech Developer

TYSONS CORNER, VA, April 13, 2018 — Boeing’s (NYSE: BA) HorizonX Ventures division has invested in Reaction Engines in an effort to help the latter develop a hypersonic propulsion technology aimed at enhancing the next generation of hypersonic flight and space access vehicles, ExecutiveBiz reported Thursday.

HorizonX Ventures participated in the Series B funding round that raised $37.3 million for Reaction Engines, joining other investors BAE Systems and Rolls-Royce, Boeing said Wednesday.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com

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