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Skylon (spacecraft)
Skylon was a series of concept designs for a reusable single-stage-to-orbit spaceplane by the British company Reaction Engines Limited, using SABRE, a combined-cycle, air-breathing rocket propulsion system. The vehicle design is for a hydrogen-fuelled aircraft that would take off from a specially built reinforced runway, and accelerate to Mach 5.4 at altitude (compared to typical airliner's ) using the atmosphere's oxygen before switching the engines to use the internal liquid oxygen (LOX) supply to accelerate to the Mach 25 necessary to reach a 400 km orbit. It would carry of cargo to an equatorial low Earth orbit (LEO); up to to the International Space Station, almost 45% more than the capacity of the European Space Agency's Automated Transfer Vehicle; or to Geosynchronous Transfer Orbit (GTO). The relatively light vehicle would re-enter the atmosphere and land on a runway, being protected from the conditions of re-entry by a ceramic matrix composite skin. Whe ...
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Reusable Launch System
A reusable launch vehicle has parts that can be recovered and reflown, while carrying payloads from the surface to outer space. Rocket stages are the most common launch vehicle parts aimed for reuse. Smaller parts such as fairings, boosters or rocket engines can also be reused, though reusable spacecraft may be launched on top of an expendable launch vehicle. Reusable launch vehicles do not need to make these parts for each launch, therefore reducing its launch cost significantly. However, these benefits are diminished by the cost of recovery and refurbishment. Reusable launch vehicles may contain additional avionics and propellant, making them heavier than their expendable counterparts. Reused parts may need to enter the atmosphere and navigate through it, so they are often equipped with heat shields, grid fins, and other flight control surfaces. By modifying their shape, spaceplanes can leverage aviation mechanics to aid in its recovery, such as gliding or lift. In the a ...
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Atmospheric Entry
Atmospheric entry (sometimes listed as Vimpact or Ventry) is the movement of an object from outer space into and through the gases of an atmosphere of a planet, dwarf planet, or natural satellite. Atmospheric entry may be ''uncontrolled entry,'' as in the entry of astronomical objects, space debris, or bolides. It may be ''controlled entry'' (or ''reentry'') of a spacecraft that can be navigated or follow a predetermined course. Methods for controlled atmospheric ''entry, descent, and landing'' of spacecraft are collectively termed as ''EDL''. Objects entering an atmosphere experience atmospheric drag, which puts mechanical stress on the object, and aerodynamic heating—caused mostly by compression of the air in front of the object, but also by drag. These forces can cause loss of mass ( ablation) or even complete disintegration of smaller objects, and objects with lower compressive strength can explode. Objects have reentered with speeds ranging from 7.8 km/s for ...
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Alan Bond (engineer)
Alan Bond (born 1944) is a British mechanical and aerospace engineer, who served as Managing Director of Reaction Engines Ltd and associated with Project Daedalus, Blue Streak missile, HOTOL, Reaction Engines Skylon and the Reaction Engines A2 hypersonic passenger aircraft. Career Alan Bond is an engineer, with a degree in Mechanical Engineering. He worked on liquid rocket engines, principally the RZ.2 (liquid oxygen / kerosene) and the RZ.20 (liquid oxygen / liquid hydrogen) at Rolls-Royce under the tutelage of Val Cleaver, and he was also involved with flight trials of the Blue Streak at Woomera. He then worked for about 20 years at UK Atomic Energy Authority's Culham Laboratory on nuclear fusion, on the JET and RFX nuclear research projects. He was engaged in studies for the application of fusion to interplanetary space travel. He is the leading author of the report on the Project Daedalus interstellar, fusion powered starship concept, published by the Briti ...
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Rolls-Royce Plc
Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011. The company owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for aviation and other industries. Rolls-Royce is the world's second-largest maker of aircraft engines (after CFM International) and has major businesses in the marine propulsion and energy sectors. Rolls-Royce was the world's 16th largest defence contractor in 2018 when measured by defence revenues. The company is also the world's fourth largest commercial aircraft engine manufacturer, with a 12% market share . Rolls-Royce Holdings plc is listed on the London Stock Exchange, where it is a constituent of the FTSE 100 Index. At the close of London trading on 11 February 2025, the company had a market capitalisation of £52.66bn, the 11th-largest of any company with a primary listing on the London Stock Exchange. The company's registered o ...
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British Aerospace
British Aerospace plc (BAe) was a British aircraft manufacturer, aircraft, munitions and defence-systems manufacturer that was formed in 1977. Its head office was at Warwick House in the Farnborough Aerospace Centre in Farnborough, Hampshire. It purchased Marconi Electronic Systems, the defence electronics and naval shipbuilding subsidiary of the General Electric Company, in 1999 to form BAE Systems. History Formation and privatisation The company has its origins in the Aircraft and Shipbuilding Industries Act 1977, which called for the nationalisation and merger of the British Aircraft Corporation, Hawker Siddeley Aviation, Hawker Siddeley Dynamics and Scottish Aviation. On 29 April 1977, the new entity was formed in the United Kingdom as a statutory corporation. Under the provisions of the British Aerospace Act 1980 (c. 26), on 1 January the statutory corporation was transferred to a limited company, which then re-registered as a public limited company (plc), under the nam ...
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Space Shuttle
The Space Shuttle is a retired, partially reusable launch system, reusable low Earth orbital spacecraft system operated from 1981 to 2011 by the U.S. National Aeronautics and Space Administration (NASA) as part of the Space Shuttle program. Its official program name was the Space Transportation System (STS), taken from the 1969 plan led by U.S. vice president Spiro Agnew for a system of reusable spacecraft where it was the only item funded for development. The first (STS-1) of four orbital test flights occurred in 1981, leading to operational flights (STS-5) beginning in 1982. Five complete Space Shuttle orbiter vehicles were built and flown on a total of 135 missions from 1981 to 2011. They launched from the Kennedy Space Center (KSC) in Florida. Operational missions launched numerous satellites, interplanetary probes, and the Hubble Space Telescope (HST), conducted science experiments in orbit, participated in the Shuttle–Mir program, Shuttle-''Mir'' program with Russia, ...
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NASA
The National Aeronautics and Space Administration (NASA ) is an independent agencies of the United States government, independent agency of the federal government of the United States, US federal government responsible for the United States's civil list of government space agencies, space program, aeronautics research and outer space, space research. National Aeronautics and Space Act, Established in 1958, it succeeded the National Advisory Committee for Aeronautics (NACA) to give the American space development effort a distinct civilian orientation, emphasizing peaceful applications in space science. It has since led most of America's space exploration programs, including Project Mercury, Project Gemini, the 1968–1972 Apollo program missions, the Skylab space station, and the Space Shuttle. Currently, NASA supports the International Space Station (ISS) along with the Commercial Crew Program and oversees the development of the Orion (spacecraft), Orion spacecraft and the Sp ...
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Reusable Launch System
A reusable launch vehicle has parts that can be recovered and reflown, while carrying payloads from the surface to outer space. Rocket stages are the most common launch vehicle parts aimed for reuse. Smaller parts such as fairings, boosters or rocket engines can also be reused, though reusable spacecraft may be launched on top of an expendable launch vehicle. Reusable launch vehicles do not need to make these parts for each launch, therefore reducing its launch cost significantly. However, these benefits are diminished by the cost of recovery and refurbishment. Reusable launch vehicles may contain additional avionics and propellant, making them heavier than their expendable counterparts. Reused parts may need to enter the atmosphere and navigate through it, so they are often equipped with heat shields, grid fins, and other flight control surfaces. By modifying their shape, spaceplanes can leverage aviation mechanics to aid in its recovery, such as gliding or lift. In the a ...
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Administration (UK Law)
Administration in United Kingdom law is the main kind of procedure in UK insolvency law when a company is unable to pay its debts. The management of the company is usually replaced by an insolvency practitioner whose statutory duty is to rescue the company, save the business, or get the best result possible. While creditors with a security interest over all a company's assets could control the procedure previously through receivership, the Enterprise Act 2002 made administration the main procedure. History The Insolvency Act 1986, Schedule B1 contains the procedure for a company entering administration, as updated by the Enterprise Act 2002. It was first introduced following the Cork Report's priorities for transparency, accountability and collectivity and, crucially, fostering a rescue culture for business. Appointment In general the conditions for a court to grant an administration order are first, whether the company is insolvent, or 'is or is likely to become unable to pay i ...
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Reaction Engines Ltd
Reaction Engines Limited (REL) was a British aerospace manufacturer founded in 1989 and based in Oxfordshire, England. The company also operated in the USA, where it used the name Reaction Engines Inc. (REI). REL entered administration on 31 October 2024. Both REL and REI ceased operations and laid off the bulk of their staff. History and personnel In 1989, Reaction Engines was founded by Alan Bond (lead engineer on the British Interplanetary Society's Project Daedalus), Richard Varvill and John Scott-Scott (the two principal Rolls-Royce engineers from the RB545 engine project). The company conducted research into space propulsion systems, centred on the development of the Skylon re-usable SSTO spaceplane. The three founders had worked together on the HOTOL project, funding for which had been withdrawn the previous year, in 1988. In 2015, BAE Systems agreed to buy a 20% stake in the company for £20.6m as part of an agreement to help develop Reaction Engines' Synergetic A ...
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Amortization (accounting)
In accounting, amortization is a method of obtaining the expenses incurred by an intangible asset arising from a decline in value as a result of use or the passage of time. Amortization is the acquisition cost minus the residual value of an asset, calculated in a systematic manner over an asset's useful economic life. Depreciation is a corresponding concept for tangible assets. Methodologies for allocating amortization to each accounting period are generally the same as those for depreciation. However, many intangible assets such as goodwill or certain brands may be deemed to have an indefinite useful life and are therefore not subject to amortization (although goodwill is subjected to an impairment test every year). While theoretically amortization is used to account for the decreasing value of an intangible asset over its useful life, in practice many companies will amortize what would otherwise be one-time expenses through listing them as a capital expense on the ca ...
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Research And Development
Research and development (R&D or R+D), known in some countries as OKB, experiment and design, is the set of innovative activities undertaken by corporations or governments in developing new services or products. R&D constitutes the first stage of development of a potential new service or the production process. Although R&D activities may differ across businesses, the primary goal of an R&D department is to new product development, develop new products and services. R&D differs from the vast majority of corporate activities in that it is not intended to yield immediate profit, and generally carries greater risk and an uncertain return on investment. R&D is crucial for acquiring larger shares of the market through new products. ''R&D&I'' represents R&D with innovation. Background New product design and development is often a crucial factor in the survival of a company. In a global industrial landscape that is changing fast, firms must continually revise their design and range of ...
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