Abstract
Molecular-beam experiments have exposed a new wealth of detail on the general reaction A*+BA+B++e first suggested by Penning in 1927. The new capabilities not available to traditional swarm techniques include mass and electron spectroscopy on the reaction products and angle-resolved measurements of the scattering of both reagents and products. These new results have stimulated the recent development of both the electronic structure and the dynamical theories necessary for a first-principles description of at least the simplest of these reactions, those involving small atomic and diatomic species B. Recent progress in both experiment and interpretation is critically reviewed, and the prospects for attaining a global understanding of Penning ionization in larger systems are assessed.