
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
10 hours ago
- Yahoo
Omnicom Group Inc.'s (OMC) $13 Billion Deal with IPG Under Investigation Over Political Bias Concerns
Omnicom Group Inc. (NYSE:OMC) is one of the . Back in December 2024, Omnicom Group Inc. (NYSE:OMC) announced its plan to acquire The Interpublic Group of Companies, Inc., which is a leader in the advertising and marketing services sector. The planned merger is valued at over $13 billion through an all-stock transaction, possibly making the merged entity one of the largest advertising groups globally with annual revenue exceeding $25 billion. Omnicom Group Inc. (NYSE:OMC) continues to be considered one of the best advertising agency stocks to buy right now. However, on June 12, 2025, it was reported that the U.S. Federal Trade Commission (FTC) will review the merged entity of Omnicom Group and The Interpublic Group of Companies, Inc. (NYSE:IPG), and may restrict it from withholding ad placements on media platforms for political purposes. This move is attributed to corporate America's political biases, which fuel concerns about fairness and competition in the digital market. Thus, this step may result in a delay of the M&A process for Omnicom Group Inc. (NYSE:OMC). Based in New York City, OMC is a global media, marketing, and corporate communications holding company. Its main segments include advertising, customer relationship management, public relations, and specialty services. While we acknowledge the potential of OMC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Undervalued Quantum Computing Stocks to Buy Now and 10 Low Risk High Reward Stocks Set to Triple by 2030. Disclosure: None. Sign in to access your portfolio


CNBC
11 hours ago
- CNBC
Walmart to pay $10 million to settle lawsuit over money transfer fraud
Walmart has agreed to pay $10 million to settle a U.S. Federal Trade Commission civil lawsuit accusing the world's largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions of dollars. The settlement was filed on Friday in Chicago federal court, and requires approval by U.S. District Judge Manish Shah. Walmart also agreed not to process money transfers it suspects are fraudulent, or help sellers and telemarketers it believes are using its services to commit fraud. "Electronic money transfers are one of the most common ways that scammers tell consumers to send them money, because once it's sent, it's gone for good," said Christopher Mufarrige, director of the FTC consumer protection bureau. "Companies that provide these services must train their employees to comply with the law and work to protect consumers." The Bentonville, Arkansas-based retailer did not admit or deny wrongdoing in agreeing to settle. Walmart did not immediately respond to requests for comment. In its June 2022 complaint, the FTC accused Walmart of turning a blind eye to fraudsters who used its money transfer services to cash out at its stores. Walmart acts as an agent for money transfers by companies such as MoneyGram, Ria and Western Union. Money can be hard to trace once delivered. The FTC said fraudsters used many schemes that included impersonating Internal Revenue Service agents, impersonating family members who needed money from grandparents to avoid jail, and telling victims they won lotteries or sweepstakes but owed fees to collect their winnings. Shah dismissed part of the FTC case last July but let the regulator pursue the remainder. Walmart appealed from that decision. Friday's settlement would end the appeal. The case is .
Yahoo
16 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