UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549



FORM 10-Q/A



[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934



For the quarterly period ended: June 30, 2011



or



[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF
THE EXCHANGE ACT OF 1934



For the transition period from ___________ to
______________



Commission File No. 000-30185



PRECISION AEROSPACE COMPONENTS, INC.

(Exact Name of Small Business Issuer as Specified
in Its Charter)

|                                                                       |  |                                          
|---------------------------------------------------------------------- |  | -----------------------------------------
|Delaware                                                               |  | 20-4763096                               
|(State or Other Jurisdiction of
        Incorporation or Organization) |  | (IRS Employer
        Identification No.)



2200 Arthur Kill Road

Staten Island, New York 10309-1202

(Address of Principal Executive Offices)



(718)-356-1500

(Issuer’s Telephone Number, including Area
Code)



(Former Name or Former Address, if Changed Since
Last Report)



Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes [X] No [  ]



Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule
405 of Regulations S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files).

Yes [X] No [ ]



Indicate by check mark whether the registrant is a large accelerated
filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer”,
“accelerated filer”, “smaller reporting company” in Rule 12b-2 of the Exchange Act.



| | Large Accelerated Filer [  ]                                                |  | Accelerated Filer [  ]       
| | --------------------------------------------------------------------------- |  | -----------------------------
| | Non-Accelerated Filer   [  ]  (Do not check if a smaller reporting company) |  | Smaller Reporting Company [X]



Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]



Indicate by check mark whether the registrant has filed all documents
and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution
of securities under a plan confirmed by a court.   NA



Number of shares outstanding of the registrant’s common stock,
as of August 01, 2011 2,865,079









EXPLANATORY NOTE



The purpose of this Form 10-Q/A to Precision Aerospace Components,
Inc.'s Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, filed with the Securities and Exchange Commission on
August 15, 2011 (the "Form 10-Q"), is solely to include certain exhibits from the Exhibit Index referenced in Part II,
Item 6 on Form 10-Q.



No other changes have been made to the Form 10-Q previously
filed. This Amendment speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent
to the original filing date and does not modify or update in any way disclosures made in the original Form 10-Q.



In addition, pursuant to Rule 12b-15 under the Securities Exchange
Act of 1934, as a result of this Amended Report, the certifications pursuant to Section 302 and Section 906 of the Sarbanes-Oxley
Act of 2002, filed and furnished, respectively as exhibits to the Original Report have been re-executed and re-filed as of the
date of this Amended Report and are included as exhibits hereto.







SIGNATURES



In accordance with Section 13 or 15(d) of the
Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



| |                          |                                       |  | 
| | ------------------------ | ------------------------------------- |  | 
| | Dated:   August 16, 2011 | PRECISION AEROSPACE COMPONENTS, INC.  |  | 
| |                          |                                       |  | 
| |                          | /s/ Andrew S. Prince                  |  | 
| |                          | Andrew S. Prince                      |  | 
| |                          | President and Chief Executive Officer |  | 
| |                          | President and Chief Executive Officer |  | 
| |                          |                                       |  | 
| |                          |                                       |  |