Park Aerospace Corp rises on partnership deal with ArianeGroup

Park Aerospace

05/01/2022 16:47

** Shares of aero parts maker  PKE.N  rise as much as ~2% to
$13.51 after co enters into a partnership agreement with France
based ArianeGroup SAS 
    ** Stock last up 1.8%, on course for second straight session
of gains
    ** Co says ArianeGroup SAS has appointed co as its exclusive
North American distributor of ArianeGroup's RAYCARB C2B NG
proprietary product  urn:newsml:reuters.com:*:nGNXbFWq4c
    ** RAYCARB C2B NG is used to produce ablative composite
materials for critical rocketry and missile systems
    ** PKE says it has been a long-term customer of ArianeGroup
and uses the RAYCARB C2B NG product in the production of many
ablative materials that are supplied into critical rocket and
missile programs
    ** Shares of PKE fell 1.5% last year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))