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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.

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