The Bloodhound project will be the first ever attempt made at breaking the 1,000mph barrier on land, and the team is hoping that their calculations are right, as they estimate that the car will travel from 0-1,000mph in 42 seconds.
The car will be driven by Wing Commander Andy Green, who drove Thrust SSC into the record books in 1997 with the current land speed record of 763mph.
The project has just signed a lucrative contract with aerospace manufacturers Hampson Industries, who will be building the rear of the car.
The Bloodhound is 12.8-metres long, weighs six tonnes, and uses a Eurofighter-Typhoon jet engine combined with a Falcon hybrid rocket.
The record attempt is due to happen at Hakskeen Pan in the Northern Cape of South Africa.
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