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Rolls-Royce Holdings PLC is in discussions over the successor of Concorde, the Telegraph reported Friday. The London-based jet engine maker is in talks with shareholders over how to support startup Reaction Engines, an Oxfordshire-based space plane engine developer that seeks to raise cash. According to Reaction, its hybrid jet-rocket engine could enable a new era of hypersonic flight, under which any destination in the world is at maximum a few hours away, which could make it a successor to Concorde. https://www.telegraph.co.uk/business/2024/07/12/rolls-royce-talks-struggling-concorde-successor/ Rolls-Royce’s engineering chief Simon Burr on Thursday had confirmed the talks, highlighting an interest in challenges and the need for better heat exchange technology for the future. Rolls-Royce shares closed 0.7% lower at 450.08 pence each on Friday in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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