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LMI Aerospace Inc. (NASDAQ: LMIA) Helps their Clients Fly High

Headquartered in St. Charles, Missouri, LMI Aerospace, Inc. is a leading supplier of structural components, assemblies, and kits for diversified aerospace markets. As part of the Aerospace/Defense Products and Services industry, they trade on NASDAQ. Their corporate headquarters are in St. Charles, Missouri. They have facilities in Savannah, Georgia: Tulsa, Oklahoma; Wichita, Kansas; Fort Worth, Texas; Ogden Utah; Seattle, Washington; and Los Angeles and San Diego, California. They also have a facility in Mexicali, Mexico.

LMI Aerospace Inc. manufactures over 30,000 products for a myriad of aircraft platforms. They provide these products for companies including Gulfstream, Boeing, Bombardier, Sikorsky, Vought Aircraft, and Spirit AeroSystems. LMI fabricates, machines, finishes, and integrates formed, close-tolerance aluminum and specialty alloy components and sheet metal products. These products are mainly for large commercial, corporate, and military aircraft. The company also produces components and assemblies for laser equipment for the semiconductor and medical equipment industry.

Specific products LMI Aerospace manufactures include wing slats and flapskins, winglets, fuselage and wing skins, and helicopter cabin and aft-section components and assemblies. They also make wing panels, door components and assemblies, and floor beams, as well as thrust reversers and engine nacelles/cowlings. They also manufacture cockpit window frames and landing-light lens assemblies, detailed interior components, structural sheet metal and extruded components, and auxiliary power units. LMI’s services include design build engineering, fabrication, machining, finishing, assembly, kitting, distribution, and consulting.

On August 6, LMI reported that their sales nearly doubled in the second quarter because of their acquisition of D3 Technologies Inc. They also experienced significant sales of aerostructure and military products. Their net sales in the quarter ended June 30 were $64.9 million, up 91 percent compared to $33.9 million a year ago. The company made $5 million, or 45 cents a share, compared to $2.9 million, or 26 cents a share, the previous year. LMI Aerospace Inc. continues to work hard to supply their clients with the quality products they need to fly high in the aerospace industry. They hope to produce consistently the profits necessary for their shareholders to take flight to greater investment growth.

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