Park puts focus on aerospace business
Park Electrochemical Corp. (Melville, N.Y., U.S.), at its annual shareholders meeting on July 16, announced the change of the company’s name from “Park Electrochemical Corp.” to “Park Aerospace Corp.” to reflect its transformation from an electronics company to an aerospace company.
Park also announced that effective July 17, 2019, Park Aerospace Technologies Corp. (Newton, Kan., U.S.), the company’s wholly-owned and principal operating subsidiary located in Newton, Kansas, has merged into Park Aerospace Corp., the parent company. As a result of this merger, Park Aerospace Corp. and Park Aerospace Technologies Corp. are now one entity.
Brian Shore, Park’s chairman and CEO, reflected fondly on the company’s family history as Park Electrochemical, but explained the reason for the change.
“Changing our name to Park Aerospace Corp. was clearly the right thing to do for us since our transformation from an electronics company to an aerospace company is complete and we now are an aerospace company through and through,” says Shore. “We are moving forward with our future as an aerospace company (and our name change is a small part of that), but, for me, what is most important is that we do not forget where we come from, we do not forget our humble beginnings and we do not lose our connection to the Unstoppable Spirit of our Beloved Founders who gave us so much. As long as we do not forget or lose those things, I believe our future will be very promising and we will do very well.”
Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets. Park’s advanced composite materials include film adhesives (undergoing qualification) and lightning strike materials. Park offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. Park’s advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, unmanned aerial vehicles (UAVs), business jets, general aviation aircraft and rotary wing aircraft.
In addition, Park offers specialty ablative materials for rocket motors and nozzles and specially designed materials for radome applications. The company also designs and fabricates composite parts, structures and assemblies and low volume tooling for the aerospace industry.
Park Aerospace Corp. will maintain its manufacturing location in Newton, Kansas and its office in New York.
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