During its fourth-quarter earnings call, Park Aerospace (NYSE:PKE) reported sales of $24.187 million and a gross margin of 28.7%, slightly below their target of 30%. The adjusted EBITDA for the quarter was $5.171 million. The company highlighted its strategic partnership with Arian Group, focusing on the C2B fabric essential for missile programs, which accounted for $7.1 million in sales. Park Aerospace is planning significant expansions in manufacturing capacity in the US to meet increasing demand, particularly in the defense sector. Despite facing supply chain challenges and missed shipments, they project Q1 sales between $17.7 million and $18.4 million. The management expressed optimism about involvement in major aerospace programs and the urgency to replenish missile stockpiles, indicating a potential to quadruple production of certain weapon systems. Additionally, they reported a recent stock buyback at $12.94 per share and discussed plans for a new manufacturing plant to enhance production capabilities.