PARK AEROSPACE CORP
For the period ended Mar 3, 2024. Filed Jun 11, 2024.
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FY2024 · Filed Jun 11, 2024
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Item 2. PROPERTIES
Set forth below are the locations of the significant properties owned and leased by the Company, the business use of the properties and the size of each such property. The Newton, Kansas property is used principally as a manufacturing facility. The lease for the Newton, Kansas location is a ground lease.
| Location | Owned or Leased | Use | Size (Square Footage) |
|---|---|---|---|
| Westbury, NY | Leased | Administrative Offices | 2,000 |
| Newton, KS | Leased | Advanced Composite Materials, Parts and Assemblies | 183,500 |
The Company believes its facilities and equipment to be in good condition and reasonably suited and adequate for its current needs. The Company’s manufacturing facilities have the capacity to substantially increase their production levels.
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