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‘Concorde successor’ Reaction Engines crashes into administration

BusinessCloud
Summary
Nutrition label

65% Informative

Reaction Engines, based in Abingdon, Oxfordshire , has gone into administration.

173 of its 208 -strong workforce have been made redundant by administrator PwC.

The company had needed around 20 million in additional funding to keep going.

Shareholders BAE Systems and Rolls-Royce Holdings were left unwilling to bail it out.

VR Score

68

Informative language

71

Neutral language

9

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links