Park Aerospace Corp

Park Aerospace Corp. is a U.S.-based aerospace materials company that develops and manufactures advanced composite materials for aircraft and space applications. Its products include film adhesives, lightning strike protection materials, ablative materials, radome materials, and composite parts, structures, assemblies, and tooling, all centered at its Newton, Kansas facility.

21,0 %

30,9 %

15,4 %

+18,2 %

18.24

17.00

— Park Aerospace Corp
%
Advanced composite materials55% Solution and hot-melt composite materials used in aircraft and space structures.
Ablative and radome materials15% Specialty materials for rocket motor thermal protection and radome applications.
Composite structures and assemblies20% Designed and fabricated composite parts, structures, and assemblies for aerospace customers.
Low-volume tooling and prototype tooling10% Tooling and build-to-print support for composite manufacturing programs.

Park sells to aerospace OEMs, engine manufacturers, defense contractors, and fabricators of composite structures and...

  • Engine OEMs and subtier suppliersprimary

    Buy composite materials used in engine-related structures and components, especially around GE Aerospace supply chains.

  • Aircraft OEMs and structure fabricatorsprimary

    Buy film adhesives, lightning strike protection materials, and composite materials for airframe structures.

  • Defense and space contractorsprimary

    Buy ablative and radome materials for rocket motors, missiles, and space-related applications.

  • Special mission and prototype programssecondary

    Buy composite parts, structures, and tooling for development aircraft and niche aerospace platforms.

  • Aftermarket and legacy spares customerssecondary

    Buy replacement materials and structures for older military and civilian aircraft fleets.

Park manufactures and conducts research and development in Newton, Kansas, which is the center of its operating...

  • •Manufacturing and R&D are centered in Newton, Kansas
  • •Sales are tied to global aerospace and defense programs
  • •Customers include U.S. and non-U.S. rocket motor buyers
  • •Supply chain exposure extends to geopolitical and trade risks
  • •Single-site operations increase concentration risk

Park’s strategy is built around specialized composite chemistry, coating technology, and tightly integrated...

01
Expand specialized aerospace material offeringsmedium-term

Differentiated formulations and certifications support customer qualification and switching costs.

02
Deepen composite structures and assemblies capabilitymedium-term

Combining materials with fabrication broadens the value proposition and supports prototype and niche programs.

03
Serve defense, space, and special mission applicationslong-term

These end markets value performance and qualification, which can support durable demand for specialty products.

Park is exposed to customer concentration, aerospace cyclicality, and reliance on short-term orders, which can make...

high

Customer concentration

The ten largest customers accounted for a large share of sales, so losing one account could materially reduce revenue.

Scope
Top customers and GE Aerospace-related subtier suppliers
Materiality
high
high

Aerospace industry cyclicality

Demand for composite materials and structures tends to weaken when aircraft production or defense spending slows.

Scope
Commercial aerospace, business aviation, and military markets
Materiality
high
medium

Short-term order dependence

Limited order visibility can create volatility in utilization, inventory planning, and customer scheduling.

Scope
Program-based aerospace customers
Materiality
medium
medium

Geopolitical and trade disruption

Wars, tariffs, export controls, and fund-transfer restrictions can interrupt supply or customer demand.

Scope
Raw materials, international customers, and defense-related end markets
Materiality
medium
medium

Cybersecurity and IP protection

Loss of proprietary formulations or system disruption could impair competitive position and operations.

Scope
Trade secrets, customer data, and manufacturing systems
Materiality
medium
Revenue recognition timing
Point-in-time recognition
Inventory obsolescence
Lower of cost or net realizable value
Long-lived asset impairment
Asset carrying values and earnings
Goodwill impairment
Potential non-cash impairment charges
Contingencies and environmental liabilities
Accruals and disclosure estimates

PARK NATIONAL CORP /OH/

PRK · National Commercial Banks

Parker-Hannifin Corp

PH · Miscellaneous Fabricated Metal Products

PARK OHIO HOLDINGS CORP

PKOH · Metal Forgings & Stampings

Park Hotels & Resorts Inc.

PK · Hotels & Motels

CVD EQUIPMENT CORP

CVV · Special Industry Machinery, NEC

Howmet Aerospace Inc.

HWM · Rolling Drawing & Extruding of Nonferrous Metals

: 29/04/2026