An aerospace firm headquartered in Newton, Kansas plans a new factory at the Tulsa International Airport.
Park Aerospace, manufacturer of composite materials used for aerospace parts, announced it will build a $65 million factor in Tulsa and the plant will employ 100 workers in the first phase of operations. The firm anticipates operations will begin in late 2028 or early 2029. Construction will begin immediately outside a security perimeter at the Tulsa International airport.
“They’re really well renowned in the space defense, aerospace industry,” said Daniel Regan, the Director of Business Development for Tulsa Airports.
Park is a supplier to several Tulsa companies including Nordam and Boeing. It was founded in New York, but its main manufacturing hub is in Newton, a city located on I-135 27 miles north of Wichita. It is also a major stop for Amtrack trains.
Park reported net sales of $18,312,000 for the 2027 fiscal year first quarter ended May 31, 2026 compared to $15,400,000 for the 2026 fiscal year first quarter ended June 1, 2025 and $24,187,000 for the 2026 fiscal year fourth quarter ended March 1, 2026. Net earnings for the 2027 fiscal year first quarter were $3,533,000 compared to $2,080,000 for the 2026 fiscal year first quarter and $3,838,000 for the 2026 fiscal year fourth quarter.
Adjusted EBITDA for the 2027 fiscal year first quarter was $4,576,000 compared to $2,963,000 for the 2026 fiscal year first quarter and $5,171,000 for the 2026 fiscal year fourth quarter.
