I'm possibly a bit behind the curve here but just seen a story in the Times, announcing that "el taxpayer" in the form of the Government is awarding a £60 million grant for the Reaction Engines Skylon project;
Reaction Engines Ltd - Space Access: SKYLON
Seems we still have a bit of cash to throw at new aerospace projects. Looking at the company web site there are lots of civilian applications mentioned. Has anyone any idea of potential Military applications for this project ?
Smudge