Welcome to our dedicated page for Park Aerospace news (Ticker: PKE), a resource for investors and traders seeking the latest updates and insights on Park Aerospace stock.
Park Aerospace Corp (NYSE: PKE) delivers innovative composite solutions for aerospace applications through advanced material science and precision engineering. This news hub provides investors and industry professionals with comprehensive coverage of corporate developments, financial updates, and technological advancements.
Access real-time press releases covering earnings announcements, product innovations, and strategic partnerships. Our curated collection includes regulatory filings, leadership updates, and operational milestones impacting PKE's position in aerospace composites. Bookmark this page for verified updates about manufacturing expansions, R&D breakthroughs, and supply chain developments.
Key focus areas include advanced composite material formulations, prototype tooling advancements, and international market expansions. All content undergoes strict verification to ensure accuracy and relevance for investment research and industry analysis. Return regularly for authoritative updates on PKE's contributions to next-generation aerospace manufacturing technologies.
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.
On February 9, 2023, Park Aerospace Corp. (NYSE-PKE) announced a significant update regarding its dividend policies. The Board of Directors approved a 25% increase in the regular quarterly cash dividend from $0.10 to $0.125 per share. Additionally, a special dividend of $1.00 per share was declared, totaling approximately $20.5 million, payable on April 6, 2023. This marks the company’s unwavering commitment to return value to shareholders, having paid around $560 million in cash dividends since 2005. CEO Brian Shore expressed confidence in the sustainability of dividend increases, attributing it to solid performance in key aerospace programs.
Park Aerospace Corp., listed under PKE, will have its CEO, Brian E. Shore, speaking at the 25th Annual Needham Growth Conference on January 12, 2023, at 11:45 a.m. EST. The presentation will be virtual and accessible via a live audio webcast. An archived replay will be available for 90 days post-conference. Presentation materials will also be released on the day of the event at around 10:00 a.m. EST.
Park Aerospace specializes in advanced composite materials for the aerospace industry, contributing to various aircraft and aerospace applications.
