What Happened
Aerospace Supplier Sees Growth in Missile Systems and GE Aerospace Programs
Park Aerospace Corp. reported its fiscal Q2 2027 earnings, with sales of $20.791 million and a gross margin of 34.3%. The company saw growth in its missile system programs, with sales reaching $5.7 million, and reported $8.3 million in sales from GE Aerospace engine programs. Management reduced its fiscal 2027 forecast for GE Aerospace engine programs to $32 million-$35 million, citing uncertainty in customer production increases. Park Aerospace maintains a strong liquidity position, with $114.75 million in cash and marketable securities, and plans to invest in its Tulsa facility and ArianeGroup’s U.S. C2B fabric plant. This information was first reported by an unknown source.