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Benzinga
Benzinga
Business
Akanksha Bakshi

Park Aerospace Inks Business Partner Agreement With ArianeGroup

  • Park Aerospace Corp (NYSE:PKE) has entered into a Business Partner Agreement with ArianeGroup SAS of Les Mureaux, France. The financial terms were not disclosed.
  • As per the agreement, ArianeGroup SAS appointed Park as its exclusive North American distributor of RAYCARB C2®B NG proprietary product, which is used to produce ablative composite materials for critical rocketry and missile systems.
  • Park is a long-term customer of ArianeGroup and will continue to purchase RAYCARB C2®B NG for its own programs.
  • Price Action: PKE shares are trading higher by 2.19% at $13.53 on the last check Wednesday.
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