| ý   | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|--------------------|---------------------------------------------------------------------------------------------------|

|  ̈   | TRANSITION  REPORT      PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|--------------------|---------------------------------------------------------------------------------------------------------------|

| Missouri(State      or other jurisdiction ofincorporation      or organization)                      | 43-1309065(I.R.S.      EmployerIdentification      No.) |
|------------------------------------------------------------------------------------------------------|---------------------------------------------------------|
|                                                                                                 |                                                    |
| 411      Fountain Lakes Blvd.St.      Charles, Missouri(Address      of principal executive offices) |  63301(Zip      Code)                              |

----

|                | PART      I.  FINANCIAL INFORMATION                                                                 |   |
|---------------------|---------------------------------------------------------------------------------------------------------------|--------|
|                |                                                                                                          |
|                | Page      No.                                                                                                 |
|                |                                                                                                          |
| Item      1.        | Financial      Statements (unaudited).                                                                        |   |
|                |                                                                                                          |
|                | Condensed      Consolidated Balance Sheets as of March 31, 2008 and December 31,      2007.                   | 3      |
|                |                                                                                                          |
|                | Condensed      Consolidated Statements of Operations for the three months ended March 31,      2008 and 2007. | 4      |
|                |                                                                                                          |
|                | Condensed      Consolidated Statements of Cash Flows for the three months ended March 31,      2008 and 2007. | 5      |
|                |                                                                                                          |
|                | Notes      to Condensed Consolidated Financial Statements.                                                    | 6      |
|                |                                                                                                          |
| Item      2.        | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations.        | 13     |
|                |                                                                                                          |   |
| Item      3.        | Quantitative      and Qualitative Disclosures About Market Risk.                                              | 17     |
|                |                                                                                                          |   |
| Item      4.        | Controls      and Procedures.                                                                                 | 18     |
|                |                                                                                                          |   |
|                | PART      II.  OTHER INFORMATION                                                                    |   |
|                |                                                                                                          |   |
| Item      1.        | Legal      Proceedings.                                                                                       | 19     |
|                |                                                                                                          |   |
| Item      1A.       | Risk      Factors.                                                                                            | 19     |
|                |                                                                                                          |   |
| Item      2.        | Unregistered      Sales of Equity Securities and Use of Proceeds.                                             | 19     |
|                |                                                                                                          |   |
| Item      3.        | Defaults      Upon Senior Securities.                                                                         | 19     |
|                |                                                                                                          |   |
| Item      4.        | Submission      of Matters to a Vote of Security Holders.                                                     | 19     |
|                |                                                                                                          |   |
| Item      5.        | Other      Information.                                                                                       | 19     |
|                |                                                                                                          |   |
| Item      6.        | Exhibits.                                                                                                     | 19     |
|                |                                                                                                          |   |
| SIGNATURE      PAGE | 20                                                                                                            |
|                |                                                                                                          |
| EXHIBIT      INDEX  | 21                                                                                                            |

----

|  LMI      Aerospace, Inc.                                                               |   |
|----------------------------------------------------------------------------------------------|--------|
| Condensed      Consolidated Balance Sheets                                                   |   |
| (Amounts      in thousands, except share and per share data)                                 |   |
|                                                                                         |   |   |   |   |   |   |
|                                                                                         |   | (Unaudited) |   |   |   |   |
|                                                                                         |   | March      31, 2008 |   |   | December      31, 2007 |   |
| Assets                                                                                       |   |   |   |   |   |   |
| Current      assets:                                                                         |   |   |   |   |   |   |
| Cash      and cash equivalents                                                               |   | $ | 88 |   |   | $ | 82 |   |
| Trade      accounts receivable, net of allowance of $347 at March 31,                        |   |   |   |   |   |   |   |   |
|     2008      and $292 at December 31, 2007                              |   |   | 34,651 |   |   |   | 29,588 |   |
| Inventories,      net                                                                        |   |   | 46,463 |   |   |   | 40,940 |   |
| Prepaid      expenses and other current assets                                               |   |   | 2,397 |   |   |   | 2,135 |   |
| Deferred      income taxes                                                                   |   |   | 3,483 |   |   |   | 3,483 |   |
| Income      taxes receivable                                                                 |   |   | 297 |   |   |   | 630 |   |
| Total      current assets                                                                    |   |   | 87,379 |   |   |   | 76,858 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Property,      plant and equipment, net                                                      |   |   | 20,027 |   |   |   | 19,733 |   |
| Goodwill                                                                                     |   |   | 48,561 |   |   |   | 48,670 |   |
| Intangible      assets, net                                                                  |   |   | 19,069 |   |   |   | 19,428 |   |
| Other      assets                                                                            |   |   | 1,364 |   |   |   | 1,429 |   |
| Total      assets                                                                            |   | $ | 176,400 |   |   | $ | 166,118 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Liabilities      and stockholders’ equity                                              |   |   |   |   |   |   |   |   |
| Current      liabilities:                                                                    |   |   |   |   |   |   |   |   |
| Accounts      payable                                                                        |   | $ | 9,867 |   |   | $ | 10,681 |   |
| Accrued      expenses                                                                        |   |   | 10,573 |   |   |   | 9,899 |   |
| Short-term      deferred gain on sale of real estate                                         |   |   | 233 |   |   |   | 233 |   |
| Current      installments of long-term debt and capital lease    obligations                 |   |   | 840 |   |   |   | 789 |   |
| Total      current liabilities                                                               |   |   | 21,513 |   |   |   | 21,602 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Long-term      deferred gain on sale of real estate                                          |   |   | 3,715 |   |   |   | 3,773 |   |
| Long-term      debt and capital lease obligations, less current    installments              |   |   | 34,519 |   |   |   | 29,106 |   |
| Deferred      income taxes                                                                   |   |   | 6,810 |   |   |   | 6,810 |   |
| Total      long-term liabilities                                                             |   |   | 45,044 |   |   |   | 39,689 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Stockholders’      equity:                                                             |   |   |   |   |   |   |   |   |
| Common      stock, $.02 par value per share; authorized 28,000,000                           |   |   |   |   |   |   |   |   |
|      shares;      issued 11,878,737 shares and 11,820,057 shares at |   |   |   |   |   |   |   |   |
|      March      31, 2008 and December 31, 2007, respectively        |   |   | 238 |   |   |   | 236 |   |
| Preferred      stock, $.02 par value per share; authorized 2,000,000                         |   |   |   |   |   |   |   |   |
|      shares;      none issued in both periods                       |   |   | - |   |   |   | - |   |
| Additional      paid-in capital                                                              |   |   | 67,759 |   |   |   | 67,244 |   |
| Treasury      stock, at cost, 380,488 shares at March 31, 2008 and                           |   |   |   |   |   |   |   |   |
|      385,688      shares at December 31, 2007                       |   |   | (1,805 | ) |   |   | (1,830 | ) |
| Retained      earnings                                                                       |   |   | 43,651 |   |   |   | 39,177 |   |
| Total      stockholders’ equity                                                        |   |   | 109,843 |   |   |   | 104,827 |   |
| Total      liabilities and stockholders’ equity                                        |   | $ | 176,400 |   |   | $ | 166,118 |   |
|                                                                                         |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Three      Months Ended |       |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|------------|
|                                                                                                                                                                                                       March 31, |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2008                    |       |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |   |   |
| Net      sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $                       | 60,417     |   |   | $ | 32,176 |   |
| Cost      of sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                    | 44,794     |   |   |   | 23,905 |   |
| Gross      profit                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    | 15,623     |   |   |   | 8,271 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |   |   |   |   |
| Selling,      general and administrative expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    | 8,056      |   |   |   | 5,009 |   |
| Income      from operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    | 7,567      |   |   |   | 3,262 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |   |   |   |   |
| Other      income (expense):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                    |       |   |   |   |   |   |
| Interest      income (expense), net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                    | (543       | ) |   |   | 206 |   |
| Other,      net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    | (3         | ) |   |   | 6 |   |
| Income      before income taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    | 7,021      |   |   |   | 3,474 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |   |   |   |   |
| Provision      for income taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    | 2,545      |   |   |   | 1,233 |   |
| Net      income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | $                       | 4,476      |   |   | $ | 2,241 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |   |   |   |   |
| Amounts      per common share:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    |       |   |   |   |   |   |
| Net      income per common share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                       | 0.40       |   |   | $ | 0.20 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |   |   |   |   |
| Net      income per common share assuming dilution                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $                       | 0.40       |   |   | $ | 0.20 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |   |   |   |   |
| Weighted      average common shares outstanding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    | 11,172,857 |   |   |   | 11,150,899 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |   |   |   |   |
| Weighted      average dilutive common shares outstanding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                    | 11,292,151 |   |   |   | 11,275,337 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |   |   |   |   |

----

|                                                                  |                                        |                                                  |                                   |   |   |                              |       |   |   |    |       |   |
|-----------------------------------------------------------------------|---------------------------------------------|-------------------------------------------------------|----------------------------------------|--------|--------|-----------------------------------|------------|--------|--------|---------|------------|--------|
|                                                                  |                                        |                                                  |                                   |   |   | Three      Months Ended March 31, |
|                                                                  |                                        |                                                  |                                   |   |   |                              |  2008 |   |   |    |  2007 |   |
| Operating      activities:                                            |                                        |                                                  |                                   |   |   |                              |       |   |
| Net      income                                                       |                                        |                                                  | $                                      | 4,476  |   |                              | $          | 2,241  |   |
| Adjustments      to reconcile net income to                           |                                        |                                                  |                                   |   |   |                              |       |   |
|                                                                  | net      cash used by operating activities: |                                                  |                                   |   |   |                              |       |   |   |
|                                                                  |                                        | Depreciation      and amortization                    |                                   |   | 1,603  |                              |       |   | 857    |    |
|                                                                  |                                        | Charges      for bad debt expense                     |                                   |   | 61     |                              |       |   | 221    |    |
|                                                                  |                                        | Charges      for inventory obsolescence and valuation |                                   |   | 339    |                              |       |   | 332    |    |
|                                                                  |                                        | Restricted      stock compensation                    |                                   |   | 516    |                              |       |   | 93     |    |
|                                                                  |                                        | Changes      in operating assets and liabilities:     |                                   |   |   |                              |       |   |   |    |
|                                                                  |                                        |                                                  | Trade      accounts receivable         |   |   | (5,124)                           |       |   |   | (4,341) |       |
|                                                                  |                                        |                                                  | Inventories                            |   |   | (5,862)                           |       |   |   | (3,063) |       |
|                                                                  |                                        |                                                  | Prepaid      expenses and other assets |   |   | (208)                             |       |   |   | 5       |       |
|                                                                  |                                        |                                                  | Current      income taxes              |   |   | 2,865                             |       |   |   | 1,070   |       |
|                                                                  |                                        |                                                  | Accounts      payable                  |   |   | (814)                             |       |   |   | (883)   |       |
|                                                                  |                                        |                                                  | Accrued      expenses                  |   |   | (1,818)                           |       |   |   | (505)   |       |
| Net      cash used by operating activities                            |                                        |                                                  | (3,966)                                |   |   |                              | (3,973)    |   |
|                                                                  |                                        |                                                  |                                   |   |   |                              |       |   |   |    |       |   |
| Investing      activities:                                            |                                        |                                                  |                                   |   |   |                              |       |   |
| Additions      to property, plant and equipment                       |                                        |                                                  | (1,535)                                |   |   |                              | (1,900)    |   |
| Proceeds      from sale of real estate                                |                                        |                                                  |  -                                |   |   |                              | 5,920      |   |
| Purchase      of debt securities                                      |                                        |                                                  |  -                                |   |   |                              | (16,017)   |   |
| Proceeds      from matured debt securities                            |                                        |                                                  |  -                                |   |   |                              | 2,250      |   |
| Other,      net                                                       |                                        |                                                  |                                   |   | 56     |                              |       |   | (170)  |    |
| Net      cash used by investing activities                            |                                        |                                                  | (1,479)                                |   |   |                              | (9,917)    |   |
|                                                                  |                                        |                                                  |                                   |   |   |                              |       |   |   |    |       |   |
| Financing      activities:                                            |                                        |                                                  |                                   |   |   |                              |       |   |
| Proceeds      from issuance of debt and origination of capital leases |                                        |                                                  | 73                                     |   |   |                              | 380        |   |
| Net      advances on revolving line of credit                         |                                        |                                                  | 5,582                                  |   |   |                              |  -    |   |
| Principal      payments on long-term debt and notes payable           |                                        |                                                  | (228)                                  |   |   |                              | (54)       |   |
| Proceeds      from exercise of stock options                          |                                        |                                                  | 24                                     |   |   |                              |  -    |   |
| Net      cash provided by financing activities                        |                                        |                                                  | 5,451                                  |   |   |                              | 326        |   |
|                                                                  |                                        |                                                  |                                   |   |   |                              |       |   |   |    |       |   |
| Net      increase (decrease) in cash and cash equivalents             |                                        |                                                  | 6                                      |   |   |                              | (13,564)   |   |
| Cash      and cash equivalents, beginning of year                     |                                        |                                                  | 82                                     |   |   |                              | 24,411     |   |
| Cash      and cash equivalents, end of quarter                        |                                        | $                                                     | 88                                     |   |   | $                                 | 10,847     |   |
|                                                                  |                                        |                                                  |                                   |   |   |                              |       |   |   |    |       |   |
| Supplemental      disclosures of cash flow information:               |                                        |                                                  |                                   |   |   |                              |       |   |
| Interest      paid                                                    |                                        |                                                  | $                                      | 223    |   |                              | $          | 26     |   |
| Income      taxes (refunded) paid, net                                |                                        | $                                                     | (320)                                  |   |   | $                                 | 98         |   |
|                                                                  |                                        |                                                  |                                   |   |   |                              |       |   |   |    |       |   |

----

----

|                            |   |   |
|---------------------------------|--------|--------|
| Net      sales                  | $      | 50,948 |
| Net      income                 | $      | 2,716  |
| Basic      earnings per share   | $      | 0.24   |
| Diluted      earnings per share | $      | 0.24   |

| Tangible      assets, exclusive of cash        |   | $      | 13,195 |   |
|------------------------------------------------|--------|--------|--------|--------|
| Intangible      assets, net of deferred taxes  |   |   | 12,056 |   |
| Goodwill                                       |   |   | 42,908 |   |
| Liabilities      assumed                       |   |   | (9,067 | )      |
| Cost      of acquisition, net of cash acquired |   | $      | 59,092 |   |

----

|                                       |                   |   | March      31, 2008 |   | December      31, 2007 |
|--------------------------------------------|------------------------|--------|---------------------|--------|------------------------|
|                                       |                   |   |                |   |                   |   |   |   |   |
| Raw      materials                         |                   | $      | 7,227               |   |                   | $ | 6,764 |   |
| Work      in progress                      |                   |   | 9,781               |   |                   |   | 9,470 |   |
| Manufactured      and purchased components |                   |   | 12,075              |   |                   |   | 8,982 |   |
| Finished      goods                        |                   |   | 17,380              |   |                   |   | 15,724 |   |
|                                       | Total      inventories |   | $                   | 46,463 |                   |   | $ | 40,940 |   |
|                                       |                   |   |                |   |                   |   |   |   |   |

|                            |                        | March      31, 2008 |   | December      31, 2007 |
|---------------------------------|-----------------------------|---------------------|--------|------------------------|
|                            |                        |                |   |                   |   |   |   |   |
| Trademarks                      |                        | $                   | 4,222  |                   |   | $ | 4,222 |   |
| Customer      Intangible Assets |                        |                | 17,331 |                   |   |   | 17,330 |   |
| Accumulated      Amortization   |                        |                | (2,484 | )                      |   |   | (2,124 | ) |
|                            | Intangible      assets, net |                | $      | 19,069                 |   |   | $ | 19,428 |   |
|                            |                        |                |   |                   |   |   |   |   |

----

|                                                          |                                                        |   |   | March      31, 2008 |   | December      31, 2007 |
|---------------------------------------------------------------|-------------------------------------------------------------|--------|--------|---------------------|--------|------------------------|
|                                                          |                                                        |   |   |                |   |                   |   |   |   |   |
| Capital      Lease Obligations                                |                                                        | $      | 667    |                |   | $                      | 734 |   |
| Revolving      line of credit                                 |                                                        | 33,616 |   |                |   | 28,034                 |   |
| Notes      payable, principal and interest payable monthly at |                                                        |   |   |                |   |                   |   |
|                                                          | fixed      rates, ranging from 1.67% to 10.70% at March 31, |   |   |                |   |                   |   |   |
|                                                          | 2008      and 1.67% to 7.20% at December 31, 2007           |   | 1,076  |                |   |                   | 1,127 |   |
|                                                          | Total      debt                                             | $      | 35,359 |                |   | $                      | 29,895 |   |
| Less      current installments                                |                                                        | 840    |   |                |   | 789                    |   |
|                                                          | Total                                                       | $      | 34,519 |                |   | $                      | 29,106 |   |
|                                                          |                                                        |   |   |                |   |                   |   |   |   |   |

----

| Stock      Options                  |         | Shares  |   | Weighted      Average Exercise Price |    | Weighted      Average Remaining Contractual Life |    | Aggregate      Intrinsic      Value |
|-------------------------------------|--------------|---------|--------|-------------------------------------------|--------------|--------------------------------------------------|--------------|-------------------------------------|
|                                |         |    |   |                                      |         |                                             |         |                                |   |   |
| Outstanding      at January 1, 2008 |    | 131,790 |   | $                                         | 3.23         |                                        |         |                           |   |   |
| Granted                             |    | -       |   |                                      | -            |                                        |         |                           |   |   |
| Exercised                           |    | (5,200) |   |                                      | 4.57         |                                        |         |                           |   |   |
| Forfeited      or expired           |    | (800)   |   |                                      | 3.11         |                                        |         |                           |   |   |
| Outstanding      at March 31, 2008  |    | 125,790 |   | $                                         | 3.17         |                                        | 2.9          |                           | $ | 2,038 |
|                                |    |    |   |                                      |         |                                        |         |                           |   |   |

| Range      of Exercise Prices | Number      of Outstanding      Options                                                                       | Weighted      Average Remaining Contractual      Life | Weighted      Average Exercise Price                                                                                    |
|-------------------------------|---------------------------------------------------------------------------------------------------------------|-------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------|
| $1.31      - $1.95            | 12,000                                                                                                        | 6.3                                                   | $1.31                                                                                                                   |
| $1.96      - $2.90            | 73,990                                                                                                        | 2.5                                                   | 2.55                                                                                                                    |
| $2.91      - $4.35            | 12,400                                                                                                        | 2.6                                                   | 3.51                                                                                                                    |
| $4.36      - $6.06            | 27,400                                                                                                        | 2.7                                                   | 5.49                                                                                                                    |
| Total                         |                       125,790 | 2.9                                                   |                         $3.17 |

|   | Restricted      Stock Awards        |    | Shares   |   |  Weighted      Average      Grant Date      Fair Value |
|--------|-------------------------------------|--------------|----------|--------|-------------------------------------------------------------|
|   | Outstanding      at January 1, 2008 |    | 273,876  |   | $                                                           | 21.27 |
|   | Granted                             |    | 62,100   |   |                                                        | 25.38 |
|   | Vested                              |    | (13,739) |   |                                                        | 15.78 |
|   | Forfeited                           |    | -        |   |                                                        | - |
|   | Outstanding      at March 31, 2008  |    | 322,237  |   | $                                                           | 22.29 |
|   |                                |    |     |   |                                                        |   |

----

----

|                                |                      |   |                               |                                                                                                       |   |   |
|-------------------------------------|---------------------------|--------|------------------------------------|------------------------------------------------------------------------------------------------------------|--------|--------|
|                                |                      |   | Three      Months Ended March 31,  |
|                                |                      |   |           2008 |                       2007 |
|                                |                      |   |                               |                                                                                                       |   |   |
| Net      sales:                     |                      |   |                               |                                                                                                       |   |
|                                | Aerostructures            |   | $                                  | 37,110                                                                                                     | $      | 32,176 |
|                                | Engineering      Services |   |                               | 23,307                                                                                                     |   | -      |
|                                |                      |   | $                                  | 60,417                                                                                                     | $      | 32,176 |
|                                |                      |   |                               |                                                                                                       |   |   |
|                                |                      |   |                               |                                                                                                       |   |   |
| Income      from operations:        |                      |   |                               |                                                                                                       |   |
|                                | Aerostructures            |   | $                                  | 4,904                                                                                                      | $      | 3,262  |
|                                | Engineering      Services |   |                               | 2,663                                                                                                      |   | -      |
|                                |                      |   | $                                  | 7,567                                                                                                      | $      | 3,262  |
|                                |                      |   |                               |                                                                                                       |   |   |
|                                |                      |   |                               |                                                                                                       |   |   |
| Depreciation      and Amortization: |                      |   |                               |                                                                                                       |   |
|                                | Aerostructures            |   | $                                  | 1,015                                                                                                      | $      | 857    |
|                                | Engineering      Services |   |                               | 588                                                                                                        |   | -      |
|                                |                      |   | $                                  | 1,603                                                                                                      | $      | 857    |
|                                |                      |   |                               |                                                                                                       |   |   |
|                                |                      |   |                               |                                                                                                       |   |   |
| Interest      income (expense):     |                      |   |                               |                                                                                                       |   |
|                                | Aerostructures            |   | $                                  | -                                                                                                          | $      | -      |
|                                | Engineering      Services |   |                               | -                                                                                                          |   | -      |
|                                | Corporate                 |   |                               | (543)                                                                                                      |   | 206    |
|                                |                      |   | $                                  | (543)                                                                                                      | $      | 206    |
|                                |                      |   |                               |                                                                                                       |   |   |
|                                |                      |   |                               |                                                                                                       |   |   |
| Capital      expenditures:          |                      |   |                               |                                                                                                       |   |
|                                | Aerostructures            |   | $                                  | 1,302                                                                                                      | $      | 1,900  |
|                                | Engineering      Services |   |                               | 233                                                                                                        |   | -      |
|                                |                      |   | $                                  | 1,535                                                                                                      | $      | 1,900  |
|                                |                      |   |                               |                                                                                                       |   |   |

|               |           |   | March      31, 2008 |    | December      31, 2007 |
|--------------------|----------------|--------|---------------------|---------|------------------------|
|               |           |   |                |    |                   |   |   |
| Goodwill:          |           |   |                |    |                   |   |
|               | Aerostructures |   | $                   | 5,653   |                   | $ | 5,653 |
|               | Engineering    |   |                | 42,908  |                   |   | 43,017 |
|               |           |   |                | 48,561  |                   |   | 48,670 |
|               |           |   |                |    |                   |   |   |
| Total      assets: |           |   |                |    |                   |   |
|               | Aerostructures |   | $                   | 100,322 |                   | $ | 95,125 |
|               | Engineering    |   |                | 76,078  |                   |   | 70,993 |
|               |           |   |                | 176,400 |                   |   | 166,118 |
|               |           |   |                |    |                   |   |   |

----

----

|                        | Three      Months Ended |                      | Three      Months Ended |
|-----------------------------|-------------------------|---------------------------|-------------------------|
|                        | March      31, 2008     |                      | March      31, 2007     |
|                        | ($      in millions)    |
|                        | Aerostructures          | Engineering      Services | Total                   |   | Aerostructures | Engineering      Services | Total |
| Net      sales              | $                       | 37.1                      | $                       | 23.3 | $ | 60.4 |   | $ | 32.2 | $ | - | $ | 32.2 |
| Cost      of sales          |                    | 26.3                      |                    | 18.5 |   | 44.8 |   |   | 23.9 |   | - |   | 23.9 |
| Gross      profit           |                    | 10.8                      |                    | 4.8 |   | 15.6 |   |   | 8.3 |   | - |   | 8.3 |
| S,G      & A            |                    | 6.0                       |                    | 2.1 |   | 8.1 |   |   | 5.0 |   | - |   | 5.0 |
| Income      from operations | $                       | 4.8                       | $                       | 2.7 | $ | 7.5 |   | $ | 3.3 | $ | - | $ | 3.3 |
|                        |                    |                      |                    |   |   |   |   |   |   |   |   |   |   |

----

|   | Category                             |   Three      Months Ended March 31,      2008 | %      of Total |   |   | Three      Months Ended March 31, 2007 | %      of Total |   |
|--------|--------------------------------------|---------------------------------------------------------|-----------------|--------|--------|----------------------------------------|-----------------|--------|
|   |                                 | ($      in millions)                                    |
|   | Corporate      and Regional Aircraft | $                                                       | 13.4            | 36.1   | %      |                                   | $               | 12.3   | 38.2 | % |
|   | Large      Commercial Aircraft       |                                                    | 10.7            | 28.8   |   |                                   |            | 10.7   | 33.2 |   |
|   | Military                             |                                                    | 9.9             | 26.7   |   |                                   |            | 6.6    | 20.5 |   |
|   | Technology                           |                                                    | 2.2             | 6.0    |   |                                   |            | 1.7    | 5.3 |   |
|   | Other      (1)                       |                                                    | 0.9             | 2.4    |   |                                   |            | 0.9    | 2.8 |   |
|   | Total                                | $                                                       | 37.1            | 100.0  | %      |                                   | $               | 32.2   | 100.0 | % |
|   |                                 |                                                    |            |   |   |                                   |            |   |   |   |

----

| Category                 |  Three      Months Ended March 31, 2008 | %      of Total |   |
|--------------------------|----------------------------------------------|-----------------|--------|
|                     | ($      in millions)                         |
| Commercial      Aircraft | $                                            | 11.1            | 47.6   | % |
| Corporate      Aircraft  |                                         | 7.2             | 30.9   |   |
| Military                 |                                         | 3.5             | 15.0   |   |
| Tooling                  |                                         | 1.5             | 6.4    |   |
| Total                    | $                                            | 23.3            | 100.0  | % |
|                     |                                         |            |   |   |

----

----

----

----

|   | SIGNATURES |
|--------|------------|

|   | LMI      AEROSPACE, INC.                                                                                                       |
|--------|--------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                           |
|   |  /s/      Ronald S. Saks                                                                                             |
|   | Ronald      S. Saks,President      and Chief Executive Officer(Principal      Executive Officer)                               |
|   |                                                                                                                           |
|   |                                                                                                                           |
|   |        /s/ Lawrence E. Dickinson                                                                                          |
|   | Lawrence      E. DickinsonChief      Financial Officer and Secretary(Principal      Financial and Principal AccountingOfficer) |

----

| Exhibit      No.  | Description                                                                                                                            |
|------------------------|----------------------------------------------------------------------------------------------------------------------------------------|
| 31.1                   | Rule      13a-14(a) Certification of Ronald S. Saks, President and Chief Executive      Officer.                                  |
| 31.2                   | Rule      13a-14(a) Certification of Lawrence E. Dickinson, Secretary and Chief      Financial      Officer.                      |
| 32                     | Certification      pursuant to 18 U.S.C Section 1350 as adopted pursuant to Section      906      of Sarbanes-Oxley Act of 2002.  |
| 99.1                   | First      Amendment to Credit Agreement, dated as of January 30,    2008.                                                             |

----

| Date:      May 9, 2008 |        /s/ Ronald S. Saks                                                                  |
|------------------------|-------------------------------------------------------------------------------------------------|
|                   | Ronald      S. SaksPresident      and Chief Executive Officer(Principal      Executive Officer) |

----

| Date:      May 9, 2008 |        /s/ Lawrence E. Dickinson                                                                                                  |
|------------------------|----------------------------------------------------------------------------------------------------------------------------------------|
|                   | Lawrence      E. DickinsonChief      Financial Officer and Secretary(Principal      Financial Officer and Principal AccountingOfficer) |

----

| (1) | The      Report fully complies with the requirements of Section 13(a) or 15(d) of      the Securities Exchange Act of 1934;and |
|-----|--------------------------------------------------------------------------------------------------------------------------------|

| (2) | The      information contained in the Report fairly presents, in all material      respects, the financial condition and results of operations of the      Company. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Date:      May 9, 2008 |        /s/ Ronald S. Saks                                               |
|------------------------|------------------------------------------------------------------------------|
|                   | Ronald      S. Saks                                                          |
|                   | President      and Chief Executive Officer(Principal      Executive Officer) |
|                   |                                                                         |
|                   |                                                                         |
| Date:      May 9, 2008 |        /s/ Lawrence E. Dickinson                                        |
|                   | Lawrence      E. Dickinson                                                   |
|                   | Secretary      and Chief Financial Officer                                   |
|                   | (Principal      Financial Officer and PrincipalAccounting      Officer)      |