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Europe sets sights on cheap rocket engines

Published 06/22/2017, 10:17 AM
© Reuters.  Europe sets sights on cheap rocket engines
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  • Europe aims to develop a low-cost, reusable rocket engine for use after 2030 under a deal between Airbus Safran (PA:SAF) Launchers ((OTCPK:EADSY -0.5%), (OTCPK:SAFRY +0.3%)) and the European Space Agency.
  • "The commercial market - at least the European one - is asking for reliability, on-time delivery and cost, and we have to find the best way to answer these market expectations," CEO Alain Charmeau told Reuters.
  • Airbus Safran said it would use new manufacturing techniques, including the use of 3D printers, to keep the engine's cost down to around €1M.
  • #ParisAirShow
  • Now read: Honeywell: Activists Flooding Industrials


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