LMI Aerospace, Inc. (NASDAQ:LMIA)

LMIA is a leading provider of design engineering services, structural assemblies, kits and components to the aerospace, defense and technology markets. Through its Aerostructures segment, the company primarily fabricates, machines, finishes, integrates, assembles and kits formed close-tolerance aluminum and specialty alloy and composite components and higher level assemblies for use by the aerospace, defense and technology industries. It manufactures more than 30,000 products for integration into a variety of aircraft platforms manufactured by leading original equipment manufacturers and Tier 1 aerospace suppliers. Through its Engineering Services segment, operated by its D3 Technologies, Inc. subsidiary, the company provides a complete range of design, engineering and program management services, supporting aircraft lifecycles from conceptual design, analysis and certification through production support, fleet support and service life extensions via a complete turnkey engineering solution.

LMIA recently announced that it has received a contract award from Embraer for the design and build of wing slat assemblies for the KC-390 aircraft.

The new contract encompasses the engineering, manufacturing, testing, tooling, certification, and product support of the complete wing leading edge slat system. The engineering development effort on the program is planned to begin in November of 2011 and first delivery of product is expected in the first quarter of 2013. The total contract value is estimated to be $44 million based upon acquisition intentions already signed for the KC-390. The engineering, testing and tooling will be funded by Embraer with milestone payments throughout the development process. This is the second significant design build contract for LMIA.

For more information about LMIA please visit http://www.lmiaerospace.com/


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