What Happened
Aerospace Company Lowers Sales Forecast For GE Jet Engine Programs
Park Aerospace announced its Q2 2027 financial results, reporting net income growth and a substantial portion of revenue derived from GE Aerospace’s jet engine program. However, the company lowered its fiscal 2027 sales forecast for GE Aerospace jet engine programs, causing shares to plummet 10.7%. Despite the sell-off, the company’s success in growing revenue and profits is noteworthy. This news was first reported by The Globe and Mail.