
Jetoptera Executes FETT for FTC-250 at Paris Air Show 2025
PARIS, June 21, 2025 (GLOBE NEWSWIRE) — On the occasion of Jetoptera's debut at the Paris Air Show 2025, we are proud to announce the successful completion of the first test of the engine that will power the J-500, the 500-lb VTOL cargo unmanned aircraft system Jetoptera is developing in collaboration with Eanan Al Samma, for the United Arab Emirates (UAE) market.
The First Engine To Test (FETT) was evaluated at the VAN DER LEE Turbo Systems facilities in Zaandam, The Netherlands. The 250 kW turbocompressor, that is the heart of the Fluidic Propulsive System™, is a two-shaft engine using a free turbine that is mechanically coupled to a two-stage axial compressor designed to produce the appropriate flow rates and pressure ratios required by the FPS™. 'The FETT demonstrated a very smooth startup and operability when operated in a turbofan mode. The engine was instrumented in this configuration, to monitor pressure and temperature as well as thrust produced. The next step includes the performance mapping of the turbocompressor, followed by the integration with the FPS™ onto the J-500 airframe,' said Dr Andrei Evulet, CEO/CTO of Jetoptera, Inc.
The J-500 prototype is developed specifically for the UAE and MENA market and will be uniquely enabled by the FPS™ to perform unmanned cargo missions with VTOL and unmatched speed, low noise, and reliability thanks to the patented propulsion system. The modularity of the FTC-250 system allows its components to operate in turbojet, turbofan and FPS™ modes.
Jetoptera and Eanan Al Samma thank Parametric Solutions, Inc. and VAN DER LEE Turbo Systems for their critical support in the design and manufacturing of the unique FTC-250 architecture in record time.
For information about this press release please contact Todd Newton
todd@jetoptera.com
Jetoptera, Inc.
https://www.jetoptera.com
Facebook:
https://www.facebook.com/Jetoptera/
LinkedIn:
https://www.linkedin.com/company/jetoptera/posts/?feedView=all
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cd349ff9-08de-40f2-bf9f-00550debd034
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Jacobs Solutions Stock: Is J Underperforming the Industrial Sector?
Jacobs Solutions Inc. (J), headquartered in Dallas, Texas, is a leading technical professional services provider. With a market cap of $15.3 billion, the company offers engineering and construction services, as well as scientific and specialty consulting for a broad range of clients including companies, organizations, and government agencies. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and Jacobs Solutions perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the engineering & construction industry. Jacobs Solutions' market leadership stems from its comprehensive service offerings, robust brand, and diversified sector expertise, spanning water, transportation, healthcare, technology, and chemicals. 2 Outstanding Stocks Under $50 to Buy and Hold Now 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Nvidia's Bringing Sovereign AI to Germany. Should You Buy NVDA Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Despite its notable strength, J shares slipped 15.4% from their 52-week high of $150.54, achieved on Nov. 13, 2024. Over the past three months, J stock has gained 4%, underperforming the Industrial Select Sector SPDR Fund's (XLI) 7.8% gains during the same time frame. In the longer term, shares of J dipped 4.7% on a YTD basis but climbed 8.4% over the past 52 weeks, underperforming XLI's YTD gains of 7.9% and 15.5% returns over the last year. To confirm the bearish trend, J has been trading below its 200-day moving average since late February. However, the stock is trading above its 50-day moving average since late April, with slight fluctuations. J's underperformance is due to a mark-to-market loss on their investment in Amentum, resulting in lower earnings. On May 6, J shares closed down more than 6% after reporting its Q2 results. Its adjusted EPS of $1.43 topped Wall Street expectations of $1.41. The company's adjusted revenue stood at $2.1 billion, up 3.1% year over year. J expects full-year adjusted EPS in the range of $5.85 to $6.20. In the competitive arena of engineering & construction, TopBuild Corp. (BLD) has taken the lead over J, showing resilience with 4.3% loss on a YTD basis. However, BLD shares lagged behind the stock with a 27.6% downtick over the past 52 weeks. Wall Street analysts are moderately bullish on J's prospects. The stock has a consensus 'Moderate Buy' rating from the 15 analysts covering it, and the mean price target of $144.04 suggests a potential upside of 13.1% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
4 hours ago
- Yahoo
Health care has been a job market bright spot, but Trump's budget bill looms over the industry
Proposed cuts to health insurance programs in the budget bill being pushed through Congress by President Donald Trump could put hundreds of thousands of health care jobs at risk — jeopardizing one of the few notably strong areas of the U.S. job market. Congressional Republicans are advancing a budget plan that would cause nearly 8 million people on Medicaid to lose their health insurance coverage, according to estimates by the Congressional Budget Office, with an additional 2 million people to lose coverage through the Affordable Care Act if Congress remains on track to let health insurance tax subsidies expire at the end of the year. Less funding for Medicaid and fewer people with health insurance would mean a drop-off in doctor's office visits, prescription refills and medical procedures — and, as a result, fewer workers needed to support those types of services. It could lead to the loss of nearly 500,000 health care jobs over the next decade, according to an analysis by George Washington University and the Commonwealth Fund. The expiration of the ACA tax subsidies, which were enacted in 2021, would result in the loss of an additional 140,000 jobs, a separate analysis from George Washington University found. 'Hospitals will close, health centers will close, pharmacies in some parts of the country will close because they will lose revenue,' said Leighton Ku, director for the Center for Health Policy Research at George Washington University, who worked on the analyses. 'There are going to be job losses, and we're talking about middle class jobs being lost.' That would be a blow to one of the strongest, steadiest areas of the job market in recent years. Health care accounted for nearly half of the jobs added in the U.S. in May, according to the Bureau of Labor Statistics. Last year, around half of the 2.2 million jobs added to the economy were in health care-related sectors, according to an analysis by S&P Global. That has helped offset job cuts and stagnant growth in other sectors of the labor market, like retail and manufacturing. 'Right now, a lot of what is driving these positive headline numbers and bolstering the labor market is the health care sector,' said Allison Shrivastava, an economist with job listing site 'It's something that has been a constant. The health care sector has been a pretty big mainstay as the rest of the labor market has cooled.' The health insurance provisions are part of a broader spending bill that has passed the House and is currently making its way through the Senate. The legislation, which Republicans have dubbed the "Big Beautiful Bill Act," would cut around $800 billion from Medicaid, the health insurance program for the poor and disabled, in order to help offset some of the $4 trillion in tax cut extensions in the bill for individuals and corporations. A version of the bill currently in the Senate, which plans to start voting on the legislation next week, would go even further in reducing spending on Medicaid, by including a provision to limit states' use of taxes on hospitals and other health care providers that help states fund their share of the Medicaid program. The cuts would take a particular toll on health care providers in rural areas, where patients are more likely to be insured through Medicaid than those in metro areas. Researchers at Georgetown University found that 40% of children in small and rural towns receive their health insurance from Medicaid. Already, one-third of all rural hospitals in the country are at risk of closing because of financial difficulties, according to a report this month from the Center for Healthcare Quality and Payment Reform. Also at risk are Community Health Centers, which employ more than 300,000 workers and receive a portion of their funding from the federal government. Those centers, which serve at least 32 million mostly lower-income patients a year, get about 40% of their revenue from Medicaid. 'Our health centers operate on razor-thin margins, so any kind of disruption in payments or reimbursements, even for a short time, can have a significant impact,' said Joe Dunn, chief policy officer for the National Association of Community Health Centers. 'About 40% of health centers are in rural America, and oftentimes they are the only primary care in that community. We have health centers in towns of a few hundred people, and there may not be any other kind of health care network there.' Absent any policy changes from Congress, the health care sector had appeared to be on track for continued growth — and largely isolated from wider concerns about tariffs and an economic slowdown. The number of job postings for doctors and surgeons on are about 90% higher than their pre-pandemic levels, listings for home health aides are up 46%, and openings for nurses are up 16%, Shrivastava said. Health care job postings on represent 27% of all active job listings and health care postings are beginning to make up a larger share of new job postings, according to data from ZipRecruiter. A loss of that hiring momentum from funding cuts would leave one less positive driver for the job market. 'Right now, the labor market as a whole is arguably in a stagnant position,' said Shrivastava. 'People are not wanting to leave their jobs, they're nervous about whether or not they'll be able to find another job, and companies aren't really looking to hire. Health care has been the exception to that.' This article was originally published on


The Verge
4 hours ago
- The Verge
Inside the courthouse reshaping the future of the internet
The future of the internet will be determined in one building in Washington, DC — and for six weeks, I watched it unfold. For much of this spring, the E. Barrett Prettyman Courthouse in downtown Washington, DC, was buzzing with lawyers, reporters, and interested onlookers jostling between dimly lit courtrooms that hosted everyone from the richest men in Silicon Valley to fired federal workers and the DOGE-aligned officials who terminated them. The sprawling courthouse, with an airy atrium in the middle and long, dark halls that spring from it, is where cases involving government agencies often land, and that meant it was hosting two of the most consequential tech cases in the country, all while fielding a flurry of unprecedented lawsuits against President Donald Trump's administration. Between mid-April and late May, Judges James Boasberg and Amit Mehta respectively oversaw FTC v. Meta and US v. Google, a pair of long-running antitrust lawsuits that seek to split up two titans of Silicon Valley. Over the same period, several DC judges — including Boasberg — had a full docket of cases related to Trump's first 100 days in office, covering the administration's attempt to mass-deport immigrants, strip security clearance from law firms, and fire thousands of federal workers. On the first day of the Google trial, a sign with a comically contorted arrow directed visitors toward their chosen antitrust case. It was soon joined by directions to the high-profile hearing over Trump's order against law firm Jenner & Block. While the FTC's lawyers were calling witnesses against Meta in one courtroom, a nearby room was hosting arguments about whether Trump could fire two of the agency's own commissioners. My colleagues gathered around the feed waiting for a Google witness, only to see a prison-jumpsuited defendant step into the box For reporters, the weeks were an exercise in constant case-juggling. During the overlap of Google and Meta, I'd arrive to long security lines that would sometimes jut into the small park that adjoins the courthouse, waiting to hunt down a media room that streamed video for reporters and avoid the electronics-free courtrooms. I'd occasionally show up to find out no such room existed, and in a small stampede of reporters, I'd rush up a few flights of spiral stairs to the courtroom, scribbling handwritten notes from the back rows. One day, my colleagues gathered around the feed waiting for a Google witness, only to see a prison-jumpsuited defendant step into the box — in the brief moment before reporters realized Mehta was taking a quick break for a criminal hearing, they wondered which high-profile tech executive it was. The executives, for their part, were plentiful. On one day a witness box saw Meta CEO Mark Zuckerberg praising Instagram's success; a week later, former colleague and Instagram co-founder Kevin Systrom sat there describing him as a jealous boss. Google CEO Sundar Pichai would soon testify a couple floors up, followed by executives at some of Google's biggest rivals, including Microsoft and OpenAI. For all of them, the stakes were high. Judge Boasberg is tasked with determining whether Meta built an illegal monopoly by gobbling up Instagram and WhatsApp, while Judge Mehta will decide whether Google must spin off its Chrome browser or syndicate its search data. For the judges, the gauntlet seemed nothing short of exhausting. Boasberg, chief judge of the US District Court in DC, had been assigned to the Meta case long before Trump took office, but after the inauguration, he became one of the busiest judges in America — overseeing a challenge of the administration's use of the Alien Enemies Act to deport migrants, and a lawsuit over Trump's cabinet's use of encrypted messaging app Signal to communicate about attack plans. As I concluded a day of the Meta trial at 5PM, a fresh crop of reporters arrived to cover Boasberg's consideration of the Alien Enemies Act, which Trump was using to deport Venezuelan migrants to El Salvador. Outside the courtroom, Boasberg fielded attacks from Trump — who labeled him a 'Radical Left Lunatic' and a 'troublemaker and agitator' and called for his impeachment. At the Meta trial, Boasberg appeared even-keeled — sometimes to the point of boredom. He rarely mentioned the rest of his docket beyond subtle references to his overflowing schedule; his interventions were astute, signaling a deep understanding of the case. But he'd often sit with his head in his hand, only occasionally gently encouraging attorneys to move on from a particularly tedious line of questioning. He used a lunch break in the Meta trial to file one of the most scathing legal rulings of the early Trump administration, accusing the administration of 'willful disregard' for his temporary restraining order on deportation flights to El Salvador, with 'probable cause' to find it in criminal contempt. By the Meta trial's end in late May, Boasberg sounded relieved as the final day wrapped. 'I will take a welcome respite from thinking about this between now and when the first brief is due,' he told the attorneys. In 1998, the E. Barrett Prettyman courthouse played host to another tech giant fighting for its life: Microsoft. US v. Microsoft was a landmark monopoly case that determined the company had illegally wielded its dominance over Intel-compatible PC operating systems to tamp down threats to its monopoly, including up-and-coming web browsers like Netscape. But in the wake of that case and subsequent settlement, regulators took a hands-off approach to the next generation of tech companies. It would take two decades for the government to return to the battleground — until 2020, when the cases against Meta and Google were filed. The search and social networking landscape has changed dramatically in the last five years, with the rise of TikTok and generative AI. But so too has the zeitgeist around tech. As Silicon Valley remains politically embattled, the goal of more aggressive antitrust enforcement has won bipartisan support. At the same time, there's a growing fear of foreign competition, particularly from TikTok, which appeared in the very same courthouse last year to argue against a (since-delayed) nationwide ban. The company found itself back there as a witness during Meta's trial, where lawyers confronted a TikTok executive with statements made during its failed 2024 fight. Those weeks of courthouse testimony helped illuminate countless decisions that made the tech world as we know it Inside the courthouse, it was easy to forget about everything else going on in Washington — until it wasn't. I was removed from the day-to-day antics of Elon Musk's Department of Government Efficiency (DOGE) hacking away at the federal workforce, but the cases about its handiwork — including gutting the Consumer Financial Protection Bureau (CFPB) — kept winding through court. During a break on the fourth day of Meta's trial and days before the start of Google's, I got a New York Times push notification walking back from the bathroom, telling me Virginia Judge Leonie Brinkema had ruled against Google in the DOJ's separate ad-tech antitrust case. I hustled back to the media room and found several of my colleagues from other outlets already in the hallway writing up their stories. Of course, we commiserated, a decision we expected months ago would drop right now. Rulings in this spring's Google and Meta trials will likely take months to arrive, and their fallout probably won't be seen for years. But those weeks of courthouse testimony helped illuminate countless decisions that made the tech world as we know it. During the early 2010s, Facebook executives expressed fears that Google might buy WhatsApp and bundle it with Android, giving itself a stranglehold over mobile messaging. With the context of the Google trial, that fear looks prescient — the company cemented its search dominance by making Android phone makers preinstall its search engine in the same way. It's also possible to see the shape of giants yet to rise. Should Judge Mehta order Google to sell Chrome, several witnesses said they'd be more than happy to buy it, including Yahoo, Perplexity, and OpenAI. The Justice Department's landmark antitrust trial against Microsoft is widely credited with opening up the tech industry for innovative players like Google, and a quarter-century later, there's hope something similar could happen for new companies today. Yet it seems equally possible that in another decade or two, we'll be back in this same courthouse, hearing the government argue they've nailed the doors shut once again.