The ideas behind HOTOL originated from work done by British Engineer Alan Bond in the field of pre-cooled jet engines. Bond had specifically performed this research with the intention of producing a viable engine for powering a space launch system. In 1982, British Aerospace (BAe), which was Europe's principal satellite-builder, began studying a prospective new launch system with the aim of providing launch costs that were 20 per cent of the American Space Shuttle operated by NASA. BAe became aware of work by British engine manufacturer Rolls-Royce on a suitable engine, and soon conceived of an unmanned, fully reusable single-stage-to-orbit (SSTO) winged spaceplane as a launch vehicle.