  According to quantum measurement theory, "speed meters" -- devices that
measure the momentum, or speed, of free test masses -- are immune to the
standard quantum limit (SQL). It is shown that a Sagnac-interferometer
gravitational-wave detector is a speed meter and therefore in principle it can
beat the SQL by large amounts over a wide band of frequencies. It is shown,
further, that, when one ignores optical losses, a signal-recycled Sagnac
interferometer with Fabry-Perot arm cavities has precisely the same
performance, for the same circulating light power, as the Michelson speed-meter
interferometer recently invented and studied by P. Purdue and the author. The
influence of optical losses is not studied, but it is plausible that they be
fairly unimportant for the Sagnac, as for other speed meters. With squeezed
vacuum (squeeze factor $e^{-2R} = 0.1$) injected into its dark port, the
recycled Sagnac can beat the SQL by a factor $ \sqrt{10} \simeq 3$ over the
frequency band $10 {\rm Hz} \alt f \alt 150 {\rm Hz}$ using the same
circulating power $I_c\sim 820$ kW as is used by the (quantum limited)
second-generation Advanced LIGO interferometers -- if other noise sources are
made sufficiently small. It is concluded that the Sagnac optical configuration,
with signal recycling and squeezed-vacuum injection, is an attractive candidate
for third-generation interferometric gravitational-wave detectors (LIGO-III and
EURO).
