What Happened
Aerospace Company Lowers Expectations For GE Aerospace Jet Engine Programs
Park Aerospace announced its second-quarter 2027 financial results, which included a downward revision of its fiscal 2027 sales forecast for GE Aerospace jet engine programs. The company now expects sales to total $32-35 million, down from its previous guidance of $34-38 million. Despite this, Park Aerospace reported revenue growth and increased net income. The news has sent shares plummeting, with the stock down 10.7% as of 12:28 p.m. ET. The development was first reported by The Motley Fool.