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> The new boost to Rolls-Royce’s research pot follows a previous $303,495 (£249,000) study funded by the U.K. Space Agency in 2022 > helping to create jobs acr
by mkl95 4y ago
> The new boost to Rolls-Royce’s research pot follows a previous $303,495 (£249,000) study funded by the U.K. Space Agency in 2022
> helping to create jobs across our £16 billion space tech sector
If the space tech sector is £16bn, why is it news that some corporation (£13bn+ revenue) earned a 249k grant? It reads like a Monty Python script.
- dazc 4y agoIt's just a press release
- bmgxyz 4y agoI think this means that a previous iteration of this effort had a value of £249,000. The article is mainly about the current iteration, which has some other total value that is presumably larger. It isn't clear how much the current iteration is worth, at least from the article alone. In general I agree that this might not be significant, unless the total value of the current contract is large or there are notable research or engineering results.
- wongarsu 4y agoSpecifically, this new stage of the project has £2.9 million of new funding, according to the linked press release. Still feels like pocket change, I wonder how much they can really do with that little