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In "Faster Than Light" each upgrade of the ship's engine increases dodge factor, but also it increases you FTL speed, which starts at 1 and goes up to 2.75.

What is FTL engine speed good for?

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up vote 18 down vote accepted

It's not your FTL speed, but the rate your FTL charges at while in combat.

Upgrading improves dodge chance and the rate that your FTL drive charges

Faster charging is useful when you want to get out of a sector sooner without fighting.

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