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Park Aerospace

#7586

Rank

$389.36M

Marketcap

US United States

Country

Park Aerospace
Leadership team

Mr. Mark A. Esquivel (Pres & COO)

Mr. Brian E. Shore (Chairman & CEO)

Mr. P. Matthew Farabaugh (Sr. VP & CFO)

Products/ Services
Aerospace, Air Transportation, Manufacturing, Space Travel
Number of Employees
100 - 500
Headquarters
Newton, Kansas, United States
Established
1954
Company Registration
SEC CIK number: 0000076267
Net Income
5M - 20M
Revenue
20M - 100M
Traded as
PKE
Social Media
Overview
Location
Summary
Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts. The company also provides specialty ablative materials for rocket motors and nozzles; and specially designed materials for radome applications. In addition, it designs and fabricates composite parts, structures and assemblies, and low volume tooling for the aerospace industry. The company was formerly known as Park Electrochemical Corp. and changed its name to Park Aerospace Corp. in July 2019. Park Aerospace Corp. was incorporated in 1954 and is based in Westbury, New York.
History

Park Electrochemical Corp was founded in 1954 by Jerry Shore and Tony Chiesa.In 1957 Park developed epoxy-glass copper-clad laminates for use in making printed circuit boards.During the 1960s and 70s, the company invented a multilayer laminate printed circuit materials system. It also opened two more Nelco materials subsidiaries.During the 1980s and 90s, the company extended its product lines to vacuum lamination, multilayer facility and RF/Microwave. It also enlarged its product markets, established subsidiaries in many countries, such as FiberCote Industries, Inc. and Park Advanced Composite Materials, Inc.From 2000, Park completed a series of global acquisitions and expansions and entered the aerospace market. It sold its Nelco Technology Inc. and acquired Nova Composites, Inc. In 2003, Park and Snecma Propulsion Systems signed an agreement to let Park market SPS’s Raycarb C2 carbonized rayon fabric to manufacturers of rocket motors.In February, 2013, Isola USA Corp and Park settled a patents dispute over Styrene Maleic Anhydride in laminates. Both companies agreed to dismiss a 2012 patent infringement lawsuit filed against Park by Isola. Park agreed to refrain from challenging the validity or enforceability of any of Isola’s SMA patents.

Mission
Introducing new technology, revolutionizing current capabilities, and leading the future of aerospace manufacturing.
Vision
Enabling aircraft to fly further, faster, and more reliable.
Key Team

Mr. Steven L. Peake (VP of Technology)

Ms. Amy L. Kornahrens (Gen. Counsel)

Mr. Mark Edwards (Director of Sales)

Mr. Stephen E. Gilhuley (Consultant)

Mr. Cory L. Nickel (Sr. VP & GM)

Mr. Frank Alberto Jr. (Pres of Nelco Products Pte. Ltd)

Mr. John Jamieson (VP of Aerospace Supply Chain Management and Pres of Neltec Inc Bus. Unit)

Recognition and Awards
Park Aerospace has been awarded the Boeing Performance Excellence Award for the past two years. We have also been recognized in Newsweek Magazine as a top American Aerospace & Defense Company.
References

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Park Aerospace
Leadership team

Mr. Mark A. Esquivel (Pres & COO)

Mr. Brian E. Shore (Chairman & CEO)

Mr. P. Matthew Farabaugh (Sr. VP & CFO)

Products/ Services
Aerospace, Air Transportation, Manufacturing, Space Travel
Number of Employees
100 - 500
Headquarters
Newton, Kansas, United States
Established
1954
Company Registration
SEC CIK number: 0000076267
Net Income
5M - 20M
Revenue
20M - 100M
Traded as
PKE
Social Media