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Park Aerospace Corp (symbol: PKE) is a globally recognized leader in advanced materials, specializing in the development and manufacture of high-technology digital and RF/microwave printed circuit materials. These materials are essential for the telecommunications and internet infrastructure, along with high-end computing markets. The company also excels in producing advanced composite materials, parts, and assemblies specifically for the aerospace industry.
Park Aerospace Corp's core competencies lie in polymer chemistry formulation and coating technology. Their manufacturing capabilities are spread across various locations including Singapore, France, Kansas, Arizona, and California. The company maintains R&D facilities in Arizona, Kansas, and Singapore, ensuring continuous innovation and advancement in their specialized fields.
The company's sole operating segment is Aerospace, where it designs, develops, and manufactures engineered advanced composite materials, structures, and assemblies. This includes low-volume and prototype tooling for aerospace applications. Park Aerospace Corp offers a range of products such as Advanced Composite Prepregs for Aircraft Structures and Interiors, Sigma Strut, and Alpha Strut.
Geographically, Park Aerospace Corp generates the majority of its revenue from North America, with notable business operations in Asia and Europe.
Park Aerospace Corp. (NYSE-PKE) announced key milestones regarding its recent facility expansion in Newton, Kansas. On April 5, 2023, the largest customer approved the expansion for all aircraft programs, with the first production run taking place on April 19, 2023. This $20 million expansion, announced in December 2018, has nearly doubled the facility size, adding approximately 90,000 square feet of manufacturing, laboratory, and office space. CEO Brian Shore acknowledged the challenges posed by the pandemic during construction, praising the efforts of their R&D and engineering teams for stepping up during the qualification phase of the facility. The completion and approval of this redundant facility mark significant progress for Park Aerospace as it continues to support critical aerospace programs.
Park Aerospace Corp. (NYSE-PKE) has announced a Cooperation Agreement with Huffman Prairie Holdings, planning to nominate Shane P. Connor for election as a Director at the upcoming 2023 Annual Shareholders Meeting. Brian Shore, Chairman and CEO, expressed enthusiasm about Connor's nomination, praising his character and principles. Connor is an experienced investor with roles in private and public equity and is a Chartered Financial Analyst. He holds a finance degree from Ohio State University.
Park Aerospace develops and manufactures advanced composite materials for the aerospace sector, serving markets including commercial and military aircraft, drones, and spacecraft. Their products include film adhesives and specialized materials for various aerospace applications. The company's goal is to tackle complex projects that others avoid.
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