The British government has agreed to invest 60 million British pounds ($91 million) in a company developing an air-breathing rocket engine, a senior government official said July 16. At a press briefing and a subsequent address to the U.K. Space Conference here, British Science Minister David Willetts said the investment, to occur in two tranches in the coming two years, should be sufficient to encourage the private sector to complete the financing needed for the company, Reaction Engines, to develop a prototype in 2017.
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