$PKE : appears to have no analyst coverage.
Its largest customer, GE Aerospace, accounts for about 40% of the company's revenue.
OVERVIEW
Founded in 1954, Park Aerospace is a global advanced materials company that develops and
manufactures advanced composite materials, primary and secondary structures and assemblies,
and low-volume tooling for the aerospace markets. The company offers an array of advanced
composite materials, which include film adhesives and lightning strike protection materials,
specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing
applications. Its advanced composite materials are used to produce primary and secondary
structures for jet engines, large and regional transport aircraft, military aircraft, UAVs (drones),
and rotary wing aircraft, among others. Additionally, Park also offers specialty ablative materials
for rocket motors and nozzles and specially designed materials for radome applications.
AEROGLIDE, COREFIX, and EASYCURE are some of the company's brands. Most of its revenue was
generated in North America.
Operations
Operating in a single reportable segment, Park designs, develops, and manufactures engineered,
advanced composite materials and advanced composite structures and assemblies and low-volume
tooling for the aerospace markets and prototype tooling for such structures and assemblies. The
company offers a wide range of aerospace composite materials manufacturing capabilities, as wel
as composite structures design, assembly, and production capability, all in its Newton facility. The
company also offers composite aircraft and space vehicle structures design and assembly service
in addition to build-to-print services.
The company's aerospace composite materials products include prepregs manufactured from
proprietary formulations using modified epoxies, phenolics, polyesters, cyanate esters, and
polyimides combined with woven, non-woven, and unidirectional reinforcements. It also sells
certain specialty fabrics and prepregs with carbonized rayon fabric reinforcements that are used
mainly in the rocket motor industry. In addition, its composite structures and assemblies are
manufactured with carbon, fiberglass, and other reinforcements impregnated with formulated
resins.
The company is the exclusive North American distributor of ArianeGroup's RAYCARB C2B NG
proprietary product. RAYCARB C2B NG is used to produce ablative composite materials for critical
rocketry and missile systems.
Geographic Reach
Based in Westbury, New York, Park's products are sold to customers in North America (accounts
for about 90% of its revenue), Europe (some 5%), and Asia (nearly 5%). The company's
manufacturing and research and development facilities are located in Newton, Kansas.
Sales and Marketing
The company's aerospace composite materials, structures, and assemblies customers include
manufacturers of turbofan engines, aircraft primary and secondary structures, and radomes. The
company's aerospace composite materials are marketed primarily by sales personnel and
independent distributors. Its aerospace composite structures and assemblies are marketed
primarily by sales personnel.
The company's aerospace customers include fabricators of aircraft composite, structures, and
assemblies. It also sells rocket motor materials to the US defense prime contractors and
subcontractors. End markets for its products include military aircraft, UAVs, business jets and
turboprops, large and regional transport aircraft and helicopters, space vehicles, rocket motors,
and specialty industrial products.
Its largest customer, GE Aerospace, accounts for about 40% of the company's revenue.
