Mk16 Parachute
From Kerbal Space Program Wiki
The Mk16 Parachute module is primarily used to slow the descent of the Command Pod Mk1.
Usage
When deployed the parachute will act as a drag chute until reaching an altitude less than 500 meters above sea level. Once under 500 meters the parachute will fully deploy slowing down the Command Pod to approximately 20m/s for a nice safe descent.