Park Aerospace Corp
parkaerospace.comPark Aerospace Corp (NYSE: PKE) is an aerospace materials company that designs, develops, and manufactures engineered advanced composite materials, composite structures and assemblies, and low-volume tooling for the aerospace market. Revenue is transactional, recognized upon shipment of composite material products and completed structures to aerospace OEMs and tier 1 suppliers. The company operates from a single manufacturing facility at the Newton, Kansas Airport, where both composite materials production and structures assembly occur under one roof. Park also holds an exclusive North American distribution agreement with ArianeGroup SAS of Les Mureaux, France for the RAYCARB C2B NG ablative composite product used in rocketry and missile systems. The company was formerly named Park Electrochemical Corp. and renamed Park Aerospace Corp. effective July 16, 2019. Manufacturing composite materials and structures is capital-intensive and requires sophisticated equipment and tight process controls, including resin mixing, hot-melt impregnation, and solution coating methods.
Products & Services
Engineered advanced composite materials (prepreg, film adhesives), composite structures and assemblies, low-volume tooling, prototype tooling, build-to-print services, composite aircraft and space vehicle structures design and assembly, and exclusive North American distribution of ArianeGroup RAYCARB C2B NG ablative composite materials for rocketry and missile systems.
Revenue Model
Transactional product sales: revenue recognized upon shipment of composite materials, composite structures and assemblies, low-volume tooling, and prototype tooling to aerospace OEMs and tier 1 suppliers. Additional revenue from build-to-print services, composite structures design and assembly services, and North American distribution of ArianeGroup's RAYCARB C2B NG product.
Customers & Markets
Aerospace OEMs including general aviation and commercial aircraft manufacturers, and tier 1 aerospace suppliers (manufacturers of engines, control systems, landing gear, braking systems, flight deck, avionics, aerostructures, electronic warfare systems, and interior cabin products). End markets include commercial aviation, general aviation, defense aerospace, and space vehicles including rocketry and missile systems. Customers include the U.S. Government among named end-market participants.
Geographic Exposure
Manufacturing operations located at Newton, Kansas Airport (single facility). Exclusive North American distribution rights for ArianeGroup SAS (Les Mureaux, France) RAYCARB C2B NG product. No additional geographic revenue breakdown supported by the filing excerpts.
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