|                                                       |
|-------------------------------------------------------|
|                                                       |  |
|                                                  | [X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
| For the quarterly period ended April 3, 2011          |
| or                                                    |
|                                                  | [  ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
| For the transition period from _________ to _________ |

|                                                                                    |
|------------------------------------------------------------------------------------|
|                                                                                    |  |  |
| LaBarge, Inc.                                                                      |
| (Exact name of registrant as specified in its charter)                             |
| Delaware                                                                           |   | 73-0574586 |
| (State or Other Jurisdiction of Incorporation or Organization                      |   | (I.R.S. Employer Identification Number) |
|                                                                               |   |   |
| 9900 Clayton Road, St. Louis, Missouri                                             |   | 63124 |
| (Address of Principal Executive Offices)                                           |   | (Zip Code) |
|                                                                               |   |   |
| (314) 997-0800                                                                     |
| (Registrant’s Telephone Number, Including Area Code)                         |
| N/A                                                                                |
| (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) |

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |
| Large accelerated filer  [   ] |        | Accelerated filer  [X] |
| Non-accelerated filer  [    ]  |   | Smaller reporting company  [   ] |
| (Do not check if a smaller reporting company)      |   |   |

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|                                                                                                                                                                                |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                |  |  |  |
| Table of Contents                                                                                                                                                              |   |
|                                                                                                                                                                           |   |   | Page |
| Part I                                                                                                                                                                         |   | Financial Information | 3 |
|                                                                                                                                                                 |   |   |   |
|                                                                                                | Item 1. | Financial Statements. | 3 |
|                                                                                                                                                                           |   |   |   |
|                                                                                           |   | Consolidated Statements of Income | 3 |
|                                                                                                |   | Consolidated Balance Sheets | 4 |
|                                                                                                                                                                           |   | Consolidated Statements of Cash Flows | 5 |
|                                                                                                                                                                           |   | Notes to Consolidated Financial Statements | 6 |
|                                                                                                                                                                           |   |   |   |
|                                                                                                | Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations. | 18 |
|                                                                                                |   |   |   |
|                                                                                                                                                                           | Item 3. | Quantitative and Qualitative Disclosures About Market Risk. | 30 |
|                                                                                                                                                                           |   |   |   |
|                                                                                                | Item 4. | Controls and Procedures. | 30 |
|                                                                                                                                                                           |   |   |   |
| Part II                                                                                                                                                                        |   | Other Information | 32 |
|                                                                                                                                                                           |   |   |   |
|                                                                                                                                                                           | Item 1A. | Risk Factors. | 32 |
|                                                                                                                                                                           | Item 6. | Exhibits. | 34 |
|                               |   |   |   |
| Signature                                                                                                                                                                      |   |   | 36 |
|                                                                                                                                                                           |   |   |   |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                  | Three Months Ended |   | Nine Months Ended |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | April 3, 2011 |   | March 28, 2010 |   | April 3, 2011 |   | March 28, 2010 |
| Net sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $ | 83,214 |   |   |   | $ | 74,735 |   |   |   | $ | 250,103 |   |   |   | $ | 206,890 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Cost of sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 66,290 |   |   |   | 59,334 |   |   |   | 199,467 |   |   |   | 165,559 |   |   |
| Gross profit                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 16,924 |   |   |   | 15,401 |   |   |   | 50,636 |   |   |   | 41,331 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Selling and administrative expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 10,616 |   |   |   | 8,402 |   |   |   | 29,048 |   |   |   | 25,350 |   |   |
| Operating income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 6,308 |   |   |   | 6,999 |   |   |   | 21,588 |   |   |   | 15,981 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 293 |   |   |   | 400 |   |   |   | 1,031 |   |   |   | 1,329 |   |   |
| Other expense (income), net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 173 |   |   |   | (45 | ) |   |   | 160 |   |   |   | (6 | ) |   |
| Earnings before income taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 5,842 |   |   |   | 6,644 |   |   |   | 20,397 |   |   |   | 14,658 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 2,191 |   |   |   | 2,516 |   |   |   | 7,406 |   |   |   | 4,590 |   |   |
| Net earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $ | 3,651 |   |   |   | $ | 4,128 |   |   |   | $ | 12,991 |   |   |   | $ | 10,068 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Basic net earnings per common share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $ | 0.23 |   |   |   | $ | 0.26 |   |   |   | $ | 0.83 |   |   |   | $ | 0.64 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Average basic common shares outstanding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 15,706 |   |   |   | 15,710 |   |   |   | 15,695 |   |   |   | 15,737 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net earnings per common share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $ | 0.23 |   |   |   | $ | 0.26 |   |   |   | $ | 0.81 |   |   |   | $ | 0.63 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Average diluted common shares outstanding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 15,970 |   |   |   | 16,010 |   |   |   | 15,941 |   |   |   | 16,036 |   |   |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                      |   | April 3, 2011 |   | June 27, 2010 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | (Unaudited) |   |   |   |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |
| Current assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                |   |   |         |   |
| Cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $ | 6,219 |   |   |   | $ | 2,301 |   |   |
| Accounts and other receivables, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 42,746 |   |   |   | 46,807 |   |   |
| Inventories                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 74,962 |   |   |   | 64,536 |   |   |
| Prepaid expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 1,577 |   |   |   | 1,062 |   |   |
| Deferred tax assets, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 3,551 |   |   |   | 3,655 |   |   |
| Total current assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 129,055 |   |   |   | 118,361 |   |   |
| Property, plant and equipment, net of accumulated depreciation of $39,791 at April 3, 2011, and $35,704 at June 27, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 27,696 |   |   |   | 28,536 |   |   |
| Intangible assets, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 7,744 |   |   |   | 9,076 |   |   |
| Goodwill                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 43,424 |   |   |   | 43,424 |   |   |
| Other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 5,147 |   |   |   | 5,125 |   |   |
| Total assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | $ | 213,066 |   |   |   | $ | 204,522 |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |   |   |   |   |
| Current liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                |   |   |   |            |   |   |
| Current maturities of long-term debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $ | 10,461 |   |   |   | $ | 12,069 |   |   |
| Trade accounts payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 24,928 |   |   |   | 26,538 |   |   |
| Accrued employee compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 15,777 |   |   |   | 14,625 |   |   |
| Other accrued liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 4,343 |   |   |   | 3,712 |   |   |
| Cash advances from customers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 7,015 |   |   |   | 2,921 |   |   |
| Total current liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 62,524 |   |   |   | 59,865 |   |   |
| Long-term advances from customers for purchase of materials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 208 |   |   |   | 46 |   |   |
| Deferred tax liabilities, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2,981 |   |   |   | 2,494 |   |   |
| Deferred gain on sale of real estate and other liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 718 |   |   |   | 1,219 |   |   |
| Long-term debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 17,300 |   |   |   | 25,258 |   |   |
| Stockholders’ equity:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                        |   |   |   |   |
| Common stock, $0.01 par value.  Authorized 40,000,000 shares; 15,958,839 shares issued at both April 3, 2011, and June 27, 2010, including shares in treasury                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 160 |   |   |   | 160 |   |   |
| Additional paid-in capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 14,045 |   |   |   | 14,582 |   |   |
| Retained earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 116,818 |   |   |   | 103,827 |   |   |
| Accumulated other comprehensive loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | (138 | ) |   |   | (222 | ) |   |
| Less cost of common stock in treasury shares of 132,912 at April 3, 2011, and 234,651 at June 27, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | (1,550 | ) |   |   | (2,707 | ) |   |
| Total stockholders’ equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 129,335 |   |   |   | 115,640 |   |   |
| Total liabilities and stockholders’ equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $ | 213,066 |   |   |   | $ | 204,522 |   |   |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |
|                                                                                                 | Nine Months Ended |
|                                                                                            |   | April 3, 2011 |   | March 28, 2010 |
| Cash flows from operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |       |   |   |   |   |
| Net earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | $ | 12,991 |   |   |   | $ | 10,068 |   |   |
| Adjustments to reconcile net cash provided by operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                          |   |   |   |   |
| Loss on disposal of property, plant and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | — |   |   |   | 69 |   |   |
| Depreciation and amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 6,270 |   |   |   | 6,739 |   |   |
| Amortization of deferred gain on sale of real estate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | (360 | ) |   |   | (361 | ) |   |
| Share-based compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 1,121 |   |   |   | 843 |   |   |
| Deferred taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 559 |   |   |   | 321 |   |   |
| Changes in operating assets and liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |
| Accounts and other receivables, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 4,061 |   |   |   | (5,584 | ) |   |
| Inventories                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (10,426 | ) |   |   | (6,246 | ) |   |
| Prepaid expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | (390 | ) |   |   | (114 | ) |   |
| Trade accounts payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | (2,037 | ) |   |   | 6,269 |   |   |
| Accrued liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 1,548 |   |   |   | 3,830 |   |   |
| Cash advances from customers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 4,256 |   |   |   | (3,639 | ) |   |
| Net cash provided by operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 17,593 |   |   |   | 12,195 |   |   |
| Cash flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                  |   |   |   |   |
| Additions to property, plant and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | (3,380 | ) |   |   | (3,600 | ) |   |
| Proceeds from disposal of property, equipment and other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 46 |   |   |   | 14 |   |   |
| Additions to other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | (359 | ) |   |   | (701 | ) |   |
| Net cash used by investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (3,693 | ) |   |   | (4,287 | ) |   |
| Cash flows from financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                 |   |   |                      |   |
| Borrowings on revolving credit facility                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 21,150 |   |   |   | 850 |   |   |
| Payments of revolving credit facility                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (21,150 | ) |   |   | (850 | ) |   |
| Repayments of long-term debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | (9,566 | ) |   |   | (6,121 | ) |   |
| Transaction costs related to bank financing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (125 | ) |   |   | — |   |   |
| Excess tax benefits from stock option exercises                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 36 |   |   |   | 387 |   |   |
| Remittance of minimum taxes withheld as part of a net share settlement of stock option exercises                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | (562 | ) |   |   | (841 | ) |   |
| Issuance of treasury stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 235 |   |   |   | 140 |   |   |
| Purchase of treasury stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | — |   |   |   | (1,575 | ) |   |
| Net cash used by financing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (9,982 | ) |   |   | (8,010 | ) |   |
| Net increase (decrease) in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 3,918 |   |   |   | (102 | ) |   |
| Cash and cash equivalents at beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2,301 |   |   |   | 4,297 |   |   |
| Cash and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $ | 6,219 |   |   |   | $ | 4,195 |   |   |

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|                                            |
|--------------------------------------------|
|                                            |
| LaBarge, Inc.                              |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
| (Unaudited)                                |

|    |                                                                      |
|----|----------------------------------------------------------------------|
| 1. | BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |

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|    |                     |
|----|---------------------|
| 2. | SALES AND NET SALES |

|                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                      | Three Months Ended |   | Nine Months Ended |
|                                                                                                                                                                                                                                                                                                                                                                                                                     | April 3, 2011 |   | March 28, 2010 |   | April 3, 2011 |   | March 28, 2010 |
| Sales                                                                                                                                                                                                                                                                                                                                                                                                                    | $ | 83,338 |   |   |   | $ | 74,884 |   |   |   | $ | 250,480 |   |   |   | $ | 207,281 |   |   |
| Less sales discounts                                                                                                                                                                                                                                                                                                                                                                                                     | 124 |   |   |   | 149 |   |   |   | 377 |   |   |   | 391 |   |   |
|   Net sales                                                                                                                                                                                                                                                                                                                                                                                                    | $ | 83,214 |   |   |   | $ | 74,735 |   |   |   | $ | 250,103 |   |   |   | $ | 206,890 |   |   |

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|    |                                |
|----|--------------------------------|
| 3. | ACCOUNTS AND OTHER RECEIVABLES |

|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |  |  |
|                                 | April 3, 2011 |   | June 27, 2010 |
| Billed shipments                     | $ | 42,855 |   |   |   | $ | 46,890 |   |   |
| Less allowance for doubtful accounts | 295 |   |   |   | 285 |   |   |
| Trade receivables, net               | 42,560 |   |   |   | 46,605 |   |   |
| Other current receivables            | 186 |   |   |   | 202 |   |   |
|   Total                    | $ | 42,746 |   |   |   | $ | 46,807 |   |   |

|    |             |
|----|-------------|
| 4. | INVENTORIES |

|                                                                                                               |
|---------------------------------------------------------------------------------------------------------------|
|                                                                                                               |  |  |  |  |  |  |  |  |  |  |
|                                                                                                          |   | April 3, 2011 |   | June 27, 2010 |
| Raw materials                                                                                                 |   | $ | 48,559 |   |   |   | $ | 42,602 |   |   |
| Work in progress                                                                                              |   | 6,838 |   |   |   | 4,658 |   |   |
| Inventoried costs relating to long-term contracts, net of amounts attributable to revenues recognized to date |   | 15,631 |   |   |   | 13,399 |   |   |
| Finished goods                                                                                                |   | 3,934 |   |   |   | 3,877 |   |   |
|   Total                                                                                             |   | $ | 74,962 |   |   |   | $ | 64,536 |   |   |

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|                                                                                                                                                               |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                               |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                          |   | April 3, 2011 |   | June 27, 2010 |
| Production costs of goods currently in process (1)                                                                                                            |   | $ | 14,961 |   |   |   | $ | 13,054 |   |   |
| Excess of production costs of delivered units over the estimated average cost of all units expected to be produced, including tooling and non-recurring costs |   | 658 |   |   |   | 642 |   |   |
| Unrecovered costs subject to future negotiation                                                                                                               |   | 347 |   |   |   | — |   |   |
| Reserve for contracts with estimated costs in excess of contract revenues                                                                                     |   | (335 | ) |   |   | (297 | ) |   |
| Total inventoried costs                                                                                                                                       |   | $ | 15,631 |   |   |   | $ | 13,399 |   |   |

|           |                                                                          |
|-----------|--------------------------------------------------------------------------|
| (1)  | Selling and administrative expenses are not included in inventory costs. |

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|                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                    |  |  |  |  |  |  |  |  |  |  |
|                                                                     |   | April 3, 2011 |   | June 27, 2010 |
| Software                                                                                                                                                                                                                                                                                                                                                                                                           |   | $ | 5,686 |   |   |   | $ | 5,446 |   |   |
| Less accumulated amortization                                                                                                                                                                                                                                                                                                                                                                                      |   | 4,846 |   |   |   | 4,432 |   |   |
| Net software                                                                                                                                                                                                                                                                                                                                                                                                       |   | 840 |   |   |   | 1,014 |   |   |
| Customer lists                                                                                                                                                                                                                                                                                                                                                                                                     |   | 13,070 |   |   |   | 13,070 |   |   |
| Less accumulated amortization                                                                                                                                                                                                                                                                                                                                                                                      |   | 6,166 |   |   |   | 5,236 |   |   |
| Net customer lists                                                                                                                                                                                                                                                                                                                                                                                                 |   | 6,904 |   |   |   | 7,834 |   |   |
| Employee agreements                                                                                                                                                                                                                                                                                                                                                                                                |   | 1,350 |   |   |   | 1,350 |   |   |
| Less accumulated amortization                                                                                                                                                                                                                                                                                                                                                                                      |   | 1,350 |   |   |   | 1,122 |   |   |
| Net employee agreements                                                                                                                                                                                                                                                                                                                                                                                            |   | — |   |   |   | 228 |   |   |
| Total                                                                                                                                                                                                                                                                                                                                                                                                              |   | $ | 7,744 |   |   |   | $ | 9,076 |   |   |

|    |          |
|----|----------|
| 6. | GOODWILL |

|          |
|----------|
|          |  |  |  |  |  |  |  |  |  |
|     | April 3, 2011 |   | June 27, 2010 |
| Goodwill | $ | 43,424 |   |   |   | $ | 43,424 |   |   |

----

|    |              |
|----|--------------|
| 7. | OTHER ASSETS |

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |
|                          | April 3, 2011 |   | June 27, 2010 |
| Cash value of life insurance  | $ | 4,643 |   |   |   | $ | 4,723 |   |   |
| Deposits and licenses         | 223 |   |   |   | 186 |   |   |
| Deferred financing costs, net | 199 |   |   |   | 141 |   |   |
| Other                         | 82 |   |   |   | 75 |   |   |
| Total                         | $ | 5,147 |   |   |   | $ | 5,125 |   |   |

|    |                                  |
|----|----------------------------------|
| 8. | SHORT- AND LONG-TERM OBLIGATIONS |

|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |  |  |  |  |  |  |  |  |  |
|                                                              | April 3, 2011 |   | June 27, 2010 |
| Short-term borrowings:                                            |   |   |   |   |   |
| Revolving credit agreement:                                       |   |   |   |   |   |
| Balance at period-end                                             | $ | — |   |   |   | $ | — |   |   |
| Interest rate at period-end                                       | 3.50 | % |   |   | 3.75 | % |   |
| Average amount of short-term borrowings outstanding during period | $ | 168 |   |   |   | $ | 35 |   |   |
| Average interest rate for period                                  | 3.79 | % |   |   | 3.79 | % |   |
| Maximum short-term borrowings at any month-end                    | $ | 550 |   |   |   | $ | — |   |   |
| Senior long-term debt:                                            |   |   |   |   |   |
| Term loan                                                         | $ | 27,500 |   |   |   | $ | 37,000 |   |   |
| Other                                                             | 261 |   |   |   | 327 |   |   |
| Total senior long-term debt                                       | 27,761 |   |   |   | 37,327 |   |   |
| Less current maturities                                           | 10,461 |   |   |   | 12,069 |   |   |
| Long-term debt, less current maturities                           | $ | 17,300 |   |   |   | $ | 25,258 |   |   |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The amended agreement provides for a revolving credit facility of up to $30.0 million, which is available for direct borrowings or letters of credit.  The facility is based on a borrowing base formula equal to the sum of 85% of eligible receivables and 35% of eligible inventories. As of April 3, 2011, $0 was outstanding under the revolving credit facility.  As of April 3, 2011, letters of credit issued were $1.2 million, leaving an aggregate of |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The amended agreement provides for an extension of the final maturity date of the term loan.  Beginning in December 2010, quarterly principal payments of $2.5 million are made, increasing to $2.7 million in September 2011, decreasing to $2.5 million in December 2011, and decreasing again to $2.3 million in December 2013. The term loan will be fully amortized at maturity on December 31, 2013.  |

|         |                                                                                                                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Interest on the revolving facility and the term loan is calculated at a base rate of LIBOR plus a stated spread based on certain ratios.  For the fiscal quarter ended April 3, 2011, the average rate was approximately 3.34%. |

|         |                                                                                              |
|---------|----------------------------------------------------------------------------------------------|
| • | All loans are secured by substantially all the assets of the Company other than real estate. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company must comply with covenants and certain financial performance criteria consisting of Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) in relation to debt, minimum net worth and operating cash flow in relation to fixed charges. The Company was in compliance with its borrowing agreement covenants as of and during the fiscal quarter ended April 3, 2011. |

----

|         |                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. |

|         |                                                                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. |

|         |                                                                                                                     |
|---------|---------------------------------------------------------------------------------------------------------------------|
| • | Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement. |

|                                                                                                                                                                                                                                                                                                                                                                                            |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                 |   | Fair Value as of April 3, 2011 |
|                                                                                                                                                                                                                                                                                                                                                                                       |   | Level 1 |   | Level 2 |   | Level 3 |   | Total |
| Other long-term liabilities:                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate swap derivative                                                                                                                                                                                                                                                                                                                                                              |   | $ | — |   |   |   | $ | 217 |   |   |   | $ | — |   |   |   | $ | 217 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                       |   | $ | — |   |   |   | $ | 217 |   |   |   | $ | — |   |   |   | $ | 217 |   |   |

|        |
|--------|
|        |  |  |  |  |
|   | Fiscal Year |
|   | 2011 | $ | 2,503 |   |
|   | 2012 | 10,458 |   |
|   | 2013 | 10,000 |   |
|   | 2014 | 4,800 |   |
|   | Total | $ | 27,761 |   |

|    |            |
|----|------------|
| 9. | CASH FLOWS |

----

|     |                      |
|-----|----------------------|
| 10. | COMPREHENSIVE INCOME |

|                                                                                                                                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                                                                                     | Three Months Ended |   | Nine Months Ended |
|                                                      | April 3, 2011 |   | March 28, 2010 |   | April 3, 2011 |   | March 28, 2010 |
| Net income                                                                                                                                                                                                                                                                                                               | $ | 3,651 |   |   |   | $ | 4,128 |   |   |   | $ | 12,991 |   |   |   | $ | 10,068 |   |   |
| Other comprehensive gain (loss)                                                                                                                                                                                                                                                                                          | 54 |   |   |   | (16 | ) |   |   | 84 |   |   |   | (112 | ) |   |
| Comprehensive income                                                                                                                                                                                                                                                                                                     | $ | 3,705 |   |   |   | $ | 4,112 |   |   |   | $ | 13,075 |   |   |   | $ | 9,956 |   |   |

|     |                           |
|-----|---------------------------|
| 11. | EARNINGS PER COMMON SHARE |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Three Months Ended |   |   | Nine Months Ended |   |
|                                                                               | April 3, 2011 |   | March 28, 2010 |   | April 3, 2011 |   | March 28, 2010 |
| Net earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $ | 3,651 |   |   |   | $ | 4,128 |   |   |   | $ | 12,991 |   |   |   | $ | 10,068 |   |   |
| Basic net earnings per common share                                                                                                                                                                                                                                                                                                                                                                                                                                            | $ | 0.23 |   |   |   | $ | 0.26 |   |   |   | $ | 0.83 |   |   |   | $ | 0.64 |   |   |
| Diluted net earnings per common share                                                                                                                                                                                                                                                                                                                                                                                                                                          | $ | 0.23 |   |   |   | $ | 0.26 |   |   |   | $ | 0.81 |   |   |   | $ | 0.63 |   |   |

|                                                                                                        |
|--------------------------------------------------------------------------------------------------------|
|                                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                   |   | Three Months Ended |   | Nine Months Ended |
|                                                                          |   | April 3, 2011 |   | March 28, 2010 |   | April 3, 2011 |   | March 28, 2010 |
| Average common shares outstanding – basic                                                        |   | 15,706 |   |   |   | 15,710 |   |   |   | 15,695 |   |   |   | 15,737 |   |   |
| Dilutive options and nonvested shares                                                                  |   | 264 |   |   |   | 300 |   |   |   | 246 |   |   |   | 299 |   |   |
| Adjusted average common shares outstanding – diluted                                             |   | 15,970 |   |   |   | 16,010 |   |   |   | 15,941 |   |   |   | 16,036 |   |   |

----

|     |                          |
|-----|--------------------------|
| 12. | STOCK-BASED ARRANGEMENTS |

|                                                                                                                                                                                                                                                                                                                    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     | Number of Shares |   | Weighted-Average Exercise Price |   | Number of Shares Exercisable |   | Weighted-Average Exercise Price |   | Weighted-AverageFair Value Granted Options |
| Outstanding at June 27, 2010                                                                                                                                                                                                                                                                                       | 426,652 |   |   |   | $ | 5.61 |   |   |   | 426,652 |   |   |   | $ | 5.61 |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Exercised                                                                                                                                                                                                                                                                                                          | 1,000 |   |   |   | $ | 8.54 |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Outstanding at October 3, 2010                                                                                                                                                                                                                                                                                | 425,652 |   |   |   | 5.60 |   |   |   | 425,652 |   |   |   | 5.60 |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Exercised                                                                                                                                                                                                                                                                                                          | 14,087 |   |   |   | 6.91 |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Outstanding at January 2, 2011                                                                                                                                                                                                                                                                                | 411,565 |   |   |   | $ | 5.55 |   |   |   | 411,565 |   |   |   | $ | 5.55 |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Exercised                                                                                                                                                                                                                                                                                                          | — |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Outstanding at April 3, 2011                                                                                                                                                                                                                                                                                       | 411,565 |   |   |   | $ | 5.55 |   |   |   | 411,565 |   |   |   | $ | 5.55 |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Range of Exercise Prices                                                                                                                                                                                                                                           | Number Outstanding |   | Weighted-Average Remaining Contractual Life(In Years) |   | Weighted-Average Exercise Price |   | Aggregate Intrinsic Value (1) (in millions)  |
| $2.50 – 3.00                                                                                                                                                                                                                                                 | 112,900 |   |   |   | 0.4 |   |   |   | $ | 2.85 |   |   |   | $ | 1.7 |   |   |
| $3.01 – 5.96                                                                                                                                                                                                                                                 | 117,013 |   |   |   | 2.3 |   |   |   | 3.53 |   |   |   | 1.6 |   |   |
| $5.97 – 8.54                                                                                                                                                                                                                                                 | 181,652 |   |   |   | 3.4 |   |   |   | 8.54 |   |   |   | 1.6 |   |   |
|                                             | 411,565 |   |   |   | 2.3 |   |   |   | $ | 5.55 |   |   |   | $ | 4.9 |   |   |

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |  |  |
|                              |   | Number of Nonvested Shares |   | Weighted- Average Grant Price |
| Nonvested shares at June 27, 2010 |   | 119,338 |   |   |   | $ | 12.30 |   |   |
|                              |   |   |   |   |   |   |
| Awarded                           |   | — |   |   |   | — |   |   |
| Vested                            |   | — |   |   |   | — |   |   |
| Forfeited                         |   | — |   |   |   | — |   |   |
| Nonvested shares at April 3, 2011 |   | 119,338 |   |   |   | $ | 12.30 |   |   |

----

|     |                  |
|-----|------------------|
| 13. | SUBSEQENT EVENTS |

----

----

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                 |   | Change |   | April 3, 2011 |   | June 27, 2010 |
| Defense              |   | $ | 45,395 |   |   |   | $ | 155,825 |   |   |   | $ | 110,430 |   |   |
| Natural Resources    |   | (4,969 | ) |   |   | 31,388 |   |   |   | 36,357 |   |   |
| Industrial           |   | (3,247 | ) |   |   | 25,384 |   |   |   | 28,631 |   |   |
| Medical              |   | 3,348 |   |   |   | 21,513 |   |   |   | 18,165 |   |   |
| Commercial Aerospace |   | 1,093 |   |   |   | 2,705 |   |   |   | 1,612 |   |   |
| Other                |   | 1,240 |   |   |   | 4,772 |   |   |   | 3,532 |   |   |
| Total backlog        |   | $ | 42,860 |   |   |   | $ | 241,587 |   |   |   | $ | 198,727 |   |   |

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                 |   | Three Months Ended |   | Nine Months Ended |
|                 |   | April 3, 2011 |   | March 28, 2010 |   | April 3, 2011 |   | March 28, 2010 |
| Defense              |   | $ | 32,940 |   |   |   | $ | 28,878 |   |   |   | $ | 91,333 |   |   |   | $ | 89,677 |   |   |
| Natural Resources    |   | 19,130 |   |   |   | 14,507 |   |   |   | 62,748 |   |   |   | 38,306 |   |   |
| Industrial           |   | 18,060 |   |   |   | 19,650 |   |   |   | 59,990 |   |   |   | 45,405 |   |   |
| Medical              |   | 10,235 |   |   |   | 8,303 |   |   |   | 26,239 |   |   |   | 22,073 |   |   |
| Commercial Aerospace |   | 920 |   |   |   | 892 |   |   |   | 3,126 |   |   |   | 3,505 |   |   |
| Other                |   | 1,929 |   |   |   | 2,505 |   |   |   | 6,667 |   |   |   | 7,924 |   |   |
| Total net sales      |   | $ | 83,214 |   |   |   | $ | 74,735 |   |   |   | $ | 250,103 |   |   |   | $ | 206,890 |   |   |

----

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                 |   | Three Months Ended |   | Nine Months Ended |
|                 |   | April 3, 2011 |   | March 28, 2010 |   | April 3, 2011 |   | March 28, 2010 |
| Cost of sales        |   | $ | 66,290 |   |   |   | $ | 59,334 |   |   |   | $ | 199,467 |   |   |   | $ | 165,559 |   |   |
| Percent of net sales |   | 79.7 | % |   |   | 79.4 | % |   |   | 79.8 | % |   |   | 80.0 | % |   |
| Gross profit         |   | $ | 16,924 |   |   |   | $ | 15,401 |   |   |   | $ | 50,636 |   |   |   | $ | 41,331 |   |   |
| Gross profit margin  |   | 20.3 | % |   |   | 20.6 | % |   |   | 20.2 | % |   |   | 20.0 | % |   |

----

|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                               | Three Months Ended |   | Nine Months Ended |
|                               | April 3, 2011 |   | March 28, 2010 |   | April 3, 2011 |   | March 28, 2010 |
| Selling and administrative expense | $ | 10,616 |   |   |   | $ | 8,402 |   |   |   | $ | 29,048 |   |   |   | $ | 25,350 |   |   |
| Percent of net sales               | 12.8 | % |   |   | 11.2 | % |   |   | 11.6 | % |   |   | 12.3 | % |   |

|                  |
|------------------|
|                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|             |   | Three Months Ended |   | Nine Months Ended |
|             |   | April 3, 2011 |   | March 28, 2010 |   | April 3, 2011 |   | March 28, 2010 |
| Interest expense |   | $ | 293 |   |   |   | $ | 400 |   |   |   | $ | 1,031 |   |   |   | $ | 1,329 |   |   |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|               |   | Three Months Ended |   | Nine Months Ended |
|               |   | April 3, 2011 |   | March 28, 2010 |   | April 3, 2011 |   | March 28, 2010 |
| Income tax expense |   | $ | 2,191 |   |   |   | $ | 2,516 |   |   |   | $ | 7,406 |   |   |   | $ | 4,590 |   |   |

----

|                                                      |
|------------------------------------------------------|
|                                                      |  |  |  |  |  |  |  |  |  |
|                                                 | Nine Months Ended |
|                                                 | April 3, 2011 |   | March 28, 2010 |
| Net cash provided by operating activities            | $ | 17,593 |   |   |   | $ | 12,195 |   |   |
| Net cash used by investing activities                | (3,693 | ) |   |   | (4,287 | ) |   |
| Net cash used by financing activities                | (9,982 | ) |   |   | (8,010 | ) |   |
| Net increase (decrease) in cash and cash equivalents | $ | 3,918 |   |   |   | $ | (102 | ) |   |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The amended agreement provides for a revolving credit facility of up to $30.0 million, which is available for direct borrowings or letters of credit.  The facility is based on a borrowing base formula equal to the sum of 85% of eligible receivables and 35% of eligible inventories. As of April 3, 2011, $0 was outstanding under the revolving credit facility.  As of April 3, 2011, letters of credit issued were $1.2 million, leaving an aggregate of |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The amended agreement provides for an extension of the final maturity date of the term loan.  Beginning in December 2010, quarterly principal payments of $2.5 million are made, increasing to $2.7 million in September 2011, decreasing to $2.5 million in December 2011, and decreasing again to $2.3 million in December 2013. The term loan will be fully amortized at maturity on December 31, 2013.  |

|         |                                                                                                                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Interest on the revolving facility and the term loan is calculated at a base rate of LIBOR plus a stated spread based on certain ratios.  For the fiscal quarter ended April 3, 2011, the average rate was approximately 3.34%. |

|         |                                                                                              |
|---------|----------------------------------------------------------------------------------------------|
| • | All loans are secured by substantially all the assets of the Company other than real estate. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company must comply with covenants and certain financial performance criteria consisting of Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) in relation to debt, minimum net worth and operating cash flow in relation to fixed charges. The Company was in compliance with its borrowing agreement covenants as of and during the fiscal quarter ended April 3, 2011. |

----

|         |                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. |

|         |                                                                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. |

|         |                                                                                                                     |
|---------|---------------------------------------------------------------------------------------------------------------------|
| • | Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement. |

|                                                                                                                                                                                                                                                                                                                                                                                            |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                 |   | Fair Value as of April 3, 2011 |
|                                                                                                                                                                                                                                                                                                                                                                                       |   | Level 1 |   | Level 2 |   | Level 3 |   | Total |
| Other long-term liabilities:                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate swap derivative                                                                                                                                                                                                                                                                                                                                                              |   | $ | — |   |   |   | $ | 217 |   |   |   | $ | — |   |   |   | $ | 217 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                       |   | $ | — |   |   |   | $ | 217 |   |   |   | $ | — |   |   |   | $ | 217 |   |   |

|        |
|--------|
|        |  |  |  |  |
|   | Fiscal Year |   |
|   | 2011 | $ | 2,503 |   |
|   | 2012 | 10,458 |   |
|   | 2013 | 10,000 |   |
|   | 2014 | 4,800 |   |
|   | Total | $ | 27,761 |   |

|                                                                                      |
|--------------------------------------------------------------------------------------|
|                                                                                      |  |  |  |  |  |  |  |  |  |  |
|                |   | April 3, 2011 |   | June 27, 2010 |
| Stockholders’ equity                                                           |   | $ | 129,335 |   |   |   | $ | 115,640 |   |   |
| Debt                                                                                 |   | 27,761 |   |   |   | 37,327 |   |   |

----

----

----

----

----

----

----

----

----

----

|             |
|-------------|
|             |  |  |
| Exhibit No. |   | Description |
|        |   |   |
| 2.1         |   | Agreement and Plan of Merger, dated as of April 3, 2011, by and among LaBarge, Inc., Ducommun Incorporated and DLBMS, Inc. (filed as Exhibit 2.1 to the Registrant's Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on April 6, 2011, and incorporated herein by reference).* |
|        |   |   |
| 4.1         |   | Amendment No. 2 to Rights Agreement, dated as of April 3, 2011, by and between LaBarge, Inc. and Registrar and Transfer Company as Rights Agent (filed as Exhibit 4.1 to the Registrant's Form 8-K filed with the SEC on April 6, 2011, and incorporated herein by reference). |
|        |   |   |
| 10.1        |   | Employment Agreement, dated April 3, 2011, by and between LaBarge, Inc. and Craig E. LaBarge (filed as Exhibit 10.1 to the Registrant's Form 8-K filed with the SEC on April 6, 2011, and incorporated herein by reference). |
|        |   |   |
| 10.2        |   | Employment Agreement, dated April 3, 2011, by and between LaBarge, Inc. and Donald H. Nonnenkamp (filed as Exhibit 10.2 to the Registrant's Form 8-K filed with the SEC on April 6, 2011, and incorporated herein by reference). |
|        |   |   |
| 10.3        |   | Employment Agreement, dated April 3, 2011, by and between LaBarge, Inc. and Randy L. Buschling (filed as Exhibit 10.3 to the Registrant's Form 8-K filed with the SEC on April 6, 2011, and incorporated herein by reference). |
|        |   |   |
| 10.4        |   | Employment Agreement, dated April 3, 2011, by and between LaBarge, Inc. and Teresa K. Huber (filed as Exhibit 10.4 to the Registrant's Form 8-K filed with the SEC on April 6, 2011, and incorporated herein by reference). |
|        |   |   |
| 10.5        |   | Employment Agreement, dated April 3, 2011, by and between LaBarge, Inc. and William D. Bitner (filed as Exhibit 10.5 to the Registrant's Form 8-K filed with the SEC on April 6, 2011, and incorporated herein by reference). |
|        |   |   |
| 10.6        |   | Employment Agreement, dated April 3, 2011, by and between LaBarge, Inc. and John R. Parmley (filed as Exhibit 10.6 to the Registrant's Form 8-K filed with the SEC on April 6, 2011, and incorporated herein by reference). |
|        |   |   |
| 10.7        |   | Second Amendment to LaBarge, Inc. 2004 Long Term Incentive Plan, dated April 3, 2011 (filed as Exhibit 10.7 to the Registrant's Form 8-K filed with the SEC on April 6, 2011, and incorporated herein by reference). |
|        |   |   |
| 31.1        |   | Certification by Chief Executive Officer pursuant to Exchange Act Rule 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|        |   |   |
| 31.2        |   | Certification by Chief Financial Officer pursuant to Exchange Act Rule 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|        |   |   |
| 32.1        |   | Certification by Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|        |   |   |
| 32.2        |   | Certification by Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|        |   |   |
| *           | Schedules omitted pursuant to Item 601(b)(2) of Regulation S-K. The Registrant agrees to furnish a supplemental copy of any omitted schedule to the SEC upon request. |

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|                                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                          |  |
|                                                                                                                                                                                                                     | LaBarge, Inc. |
|                                                                                                                                                                                                                     |   |
| Date:                                                                                                                                                                                                     | May 6, 2011 |
|                                                                                                                                                                                                                     |   |
| By:                                                                                                                                                                                                            | /S/DONALD H. NONNENKAMP |
| Name:                                                                                                                                                                                                          | Donald H. Nonnenkamp |
|                                      | Vice President and Chief Financial Officer |
|                                                                                                                                                                                                                     | Principal Financial Officer |