Park Aerospace Corp.
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Park Aerospace Corp. designs, develops, and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace industry. Headquartered in Westbury, New York, the company operates through its wholly-owned subsidiary, Park Electrochemical Corp. Park specializes in manufacturing composite prepregs, which are fiber-reinforced materials pre-impregnated with resin systems, primarily for aircraft structures and interiors. The company's products are used by leading aerospace manufacturers and suppliers worldwide for both commercial and military aircraft applications, including business jets, helicopters, and advanced aircraft programs. Park maintains manufacturing facilities in Kansas and Singapore, enabling it to serve a global customer base that includes major aerospace prime contractors and tier suppliers. The company holds a significant position in the niche market of aerospace-grade composite materials, leveraging decades of technical expertise and long-standing customer relationships. Park maintains a debt-free balance sheet and generates revenue primarily from the sale of its prepreg materials. The company employs approximately 160 people across its operations. Recent developments include ongoing investments in advanced manufacturing capabilities and materials technology to support next-generation aerospace platforms, while the company continues to benefit from increased composite material adoption in modern aircraft designs focused on weight reduction and fuel efficiency.