| 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 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)                              |

----

|                                             | Page      No.                                                                                                                     |
|--------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------|
| Item      1.                                     | Financial      Statements (unaudited).                                                                                       |   |
|                                             | Condensed      Consolidated Balance Sheets as of June 30, 2008 and December 31,      2007.                                   | 3 |
|                                             | Condensed      Consolidated Statements of Operations for the three months and six months      ended June 30, 2008 and 2007.  | 4 |
|                                             | Condensed      Consolidated Statements of Cash Flows for the six months ended June 30,      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.                       | 14 |
| Item      3.                                | Quantitative      and Qualitative Disclosures About Market Risk.                                                             | 21 |
| Item      4.                                | Controls      and Procedures.                                                                                                | 21 |
| PART      II.  OTHER INFORMATION  |
| Item      1.                                     | Legal      Proceedings.                                                                                                      | 21 |
| Item      1A.                                    | Risk      Factors.                                                                                                           | 22 |
| Item      2.                                     | Unregistered      Sales of Equity Securities and Use of Proceeds.                                                            | 22 |
| Item      3.                                | Defaults      Upon Senior Securities.                                                                                        | 22 |
| Item      4.                                | Submission      of Matters to a Vote of Security Holders.                                                                    | 22 |
| Item      5.                                | Other      Information.                                                                                                      | 22 |
| Item      6.                                | Exhibits.                                                                                                                    | 22 |
| SIGNATURE      PAGE                         | 23                                                                                                                                |
| EXHIBIT      INDEX                               | 24                                                                                                                                |

----

|                                                                                                                                                                                      |   | (Unaudited)        |    |   |                   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|------------------------|--------|
|                                                                                                                                                                                      |   | June      30, 2008 |    |   | December      31, 2007 |   |
| Assets                                                                                                                                                                                    |   |               |    |   |                   |   |
| Current      assets:                                                                                                                                                                      |   |               |    |   |                   |   |
| Cash      and cash equivalents                                                                                                                                                            |   | $                  | 28      |   |                   | $      | 82 |   |
| Trade      accounts receivable, net of allowance of $295 at June 30, 2008      and      $292 at December 31, 2007                                                                         |   |               | 33,912  |   |                   |   | 29,588 |   |
| Inventories,      net                                                                                                                                                                     |   |               | 49,152  |   |                   |   | 40,940 |   |
| Prepaid      expenses and other current assets                                                                                                                                            |   |               | 2,219   |   |                   |   | 2,135 |   |
| Deferred      income taxes                                                                                                                                                                |   |               | 3,405   |   |                   |   | 3,483 |   |
| Income      taxes receivable                                                                                                                                                              |   |               | 297     |   |                   |   | 630 |   |
| Total      current assets                                                                                                                                                                 |   |               | 89,013  |   |                   |   | 76,858 |   |
|                                                                                                                                                                                      |   |               |    |   |                   |   |   |   |
| Property,      plant and equipment, net                                                                                                                                                   |   |               | 20,447  |   |                   |   | 19,733 |   |
| Goodwill                                                                                                                                                                                  |   |               | 48,561  |   |                   |   | 48,670 |   |
| Customer      intangible assets, net                                                                                                                                                      |   |               | 18,709  |   |                   |   | 19,428 |   |
| Other      assets                                                                                                                                                                         |   |               | 1,315   |   |                   |   | 1,429 |   |
| Total      assets                                                                                                                                                                         |   | $                  | 178,045 |   |                   | $      | 166,118 |   |
|                                                                                                                                                                                      |   |               |    |   |                   |   |   |   |
| Liabilities      and shareholders’ equity                                                                                                                                           |   |               |    |   |                   |   |   |   |
| Current      liabilities:                                                                                                                                                                 |   |               |    |   |                   |   |   |   |
| Accounts      payable                                                                                                                                                                     |   | $                  | 10,154  |   |                   | $      | 10,681 |   |
| Accrued      expenses                                                                                                                                                                     |   |               | 11,725  |   |                   |   | 9,997 |   |
| Short-term      deferred gain on sale of real estate                                                                                                                                      |   |               | 233     |   |                   |   | 233 |   |
| Current      installments of long-term debt and capital lease    obligations                                                                                                              |   |               | 643     |   |                   |   | 775 |   |
| Total      current liabilities                                                                                                                                                            |   |               | 22,755  |   |                   |   | 21,686 |   |
|                                                                                                                                                                                      |   |               |    |   |                   |   |   |   |
| Long-term      deferred gain on sale of real estate                                                                                                                                       |   |               | 3,657   |   |                   |   | 3,773 |   |
| Long-term      debt and capital lease obligations, less current    installments                                                                                                           |   |               | 29,282  |   |                   |   | 29,022 |   |
| Deferred      income taxes                                                                                                                                                                |   |               | 6,810   |   |                   |   | 6,810 |   |
| Total      long-term liabilities                                                                                                                                                          |   |               | 39,749  |   |                   |   | 39,605 |   |
|                                                                                                                                                                                      |   |               |    |   |                   |   |   |   |
| Shareholders’      equity:                                                                                                                                                          |   |               |    |   |                   |   |   |   |
| Common      stock, $0.02 par value per share; authorized 28,000,000 shares;      issued 11,890,490 shares and 11,820,057 shares at June 30, 2008      and December 31, 2007, respectively |   |               | 238     |   |                   |   | 236 |   |
| Preferred      stock, $0.02 par value per share; authorized 2,000,000 shares;      none issued in both periods                                                                            |   |               | -       |   |                   |   | - |   |
| Additional      paid-in capital                                                                                                                                                           |   |               | 68,412  |   |                   |   | 67,244 |   |
| Treasury      stock, at cost, 374,888 shares at June 30, 2008 and 385,688      shares at December 31, 2007                                                                                |   |               | (1,779  | )      |                   |   | (1,830 | ) |
| Retained      earnings                                                                                                                                                                    |   |               | 48,670  |   |                   |   | 39,177 |   |
| Total      shareholders’ equity                                                                                                                                                     |   |               | 115,541 |   |                   |   | 104,827 |   |
| Total      liabilities and shareholders’ equity                                                                                                                                     |   | $                  | 178,045 |   |                   | $      | 166,118 |   |
|                                                                                                                                                                                      |   |               |    |   |                   |   |   |   |
| See      accompanying notes to condensed consolidated financial      statements.                                                                                                          |   |

----

|                                                                             |                                | Three      Months Ended |       |   | Six      Months Ended |   |
|----------------------------------------------------------------------------------|-------------------------------------|-------------------------|------------|--------|-----------------------|--------|
|                                                                             |                                | June      30            |       |   | June      30          |   |
|                                                                             |                                | 2008                    |       |   | 2007                  |   |   | 2008 |   |   | 2007 |   |
|                                                                             |                                |                    |       |   |                  |   |   |   |   |   |   |   |
| Net      sales                                                                   |                                | $                       | 64,904     |   |                  | $      | 33,935 |   |   | $ | 125,321 |   |   | $ | 66,112 |   |
| Cost      of sales                                                               |                                |                    | 48,233     |   |                  |   | 24,717 |   |   |   | 93,027 |   |   |   | 48,623 |   |
| Gross      profit                                                                |                                |                    | 16,671     |   |                  |   | 9,218 |   |   |   | 32,294 |   |   |   | 17,489 |   |
|                                                                             |                                |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Selling,      general and administrative expenses                                |                                |                    | 8,328      |   |                  |   | 4,933 |   |   |   | 16,384 |   |   |   | 9,943 |   |
| Income      from operations                                                      |                                |                    | 8,343      |   |                  |   | 4,285 |   |   |   | 15,910 |   |   |   | 7,546 |   |
|                                                                             |                                |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Other      income (expense):                                                     |                                |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|                                                                             | Interest      income (expense), net |                    |       | (416   | )                     |   |   | 185 |   |   |   | (959 | ) |   |   | 391 |   |
|                                                                             | Other,      net                     |                    |       | (6     | )                     |   |   | (30 | ) |   |   | (9 | ) |   |   | (23 | ) |
| Income      before income taxes                                                  |                                |                    | 7,921      |   |                  |   | 4,440 |   |   |   | 14,942 |   |   |   | 7,914 |   |
|                                                                             |                                |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for income taxes                                                  |                                |                    | 2,894      |   |                  |   | 1,549 |   |   |   | 5,439 |   |   |   | 2,782 |   |
| Net      income                                                                  |                                | $                       | 5,027      |   |                  | $      | 2,891 |   |   | $ | 9,503 |   |   | $ | 5,132 |   |
|                                                                             |                                |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Amounts      per common share:                                                   |                                |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Net      income per common share                                                 |                                | $                       | 0.45       |   |                  | $      | 0.26 |   |   | $ | 0.85 |   |   | $ | 0.46 |   |
|                                                                             |                                |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Net      income per common share assuming dilution                               |                                | $                       | 0.45       |   |                  | $      | 0.26 |   |   | $ | 0.84 |   |   | $ | 0.46 |   |
|                                                                             |                                |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average common shares outstanding                                  |                                |                    | 11,179,613 |   |                  |   | 11,150,899 |   |   |   | 11,191,977 |   |   |   | 11,150,899 |   |
|                                                                             |                                |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average dilutive common shares outstanding                         |                                |                    | 11,296,567 |   |                  |   | 11,267,118 |   |   |   | 11,310,101 |   |   |   | 11,271,228 |   |
|                                                                             |                                |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| See      accompanying notes to condensed consolidated financial      statements. |                                |

----

|                                                                             |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |                                                                              |                                                                              |   |   |
|----------------------------------------------------------------------------------|--------------------------------------------------------|-------------------------------------------------------|----------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|--------|--------|
|                                                                             |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          | Six      Months Ended June 30,                                                                          |                                                                                                    |
|                                                                             |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          | 2008                                                                                                    |                                                                                                    | 2007                                                                                         |
| Operating      activities:                                                       |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |
| Net      income                                                                  |                                                   |                                                  | $                                                                                            |           9,503                            |                                                                                          |                                                                                                    | $                                                                                                       |           5,132                            |                                                                              |
| Adjustments      to reconcile net income to                                      |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |
|                                                                             | net      cash provided (used) by operating activities: |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |                                                                              |
|                                                                             |                                                   | Depreciation      and amortization                    |                                                                                         |                                                                                         |           3,270                             |                                                                                                    |                                                                                                    |                                                                                         |           1,759                 |                                                                              |
|                                                                             |                                                   | Charges      for bad debt expense                     |                                                                                         |                                                                                         |                14  |                                                                                                    |                                                                                                    |                                                                                         |              221 |                                                                              |
|                                                                             |                                                   | Charges      for inventory obsolescence and valuation |                                                                                         |                                                                                         |              450             |                                                                                                    |                                                                                                    |                                                                                         |              460 |                                                                              |
|                                                                             |                                                   | Restricted      stock compensation                    |                                                                                         |                                                                                         |           1,248                             |                                                                                                    |                                                                                                    |                                                                                         |              187 |                                                                              |
|                                                                             |                                                   | Changes      in operating assets and liabilities:     |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |                                                                              |                                                                              |
|                                                                             |                                                   |                                                  | Trade      accounts receivable                                                               |                                                                                         |                                                                                          |         (4,338)                                                 |                                                                                                    |                                                                                         |                                                                              |          (4,734)                     |   |
|                                                                             |                                                   |                                                  | Inventories                                                                                  |                                                                                         |                                                                                          |         (8,662)                                                 |                                                                                                    |                                                                                         |                                                                              |          (3,704)                     |   |
|                                                                             |                                                   |                                                  | Prepaid      expenses and other assets                                                       |                                                                                         |                                                                                          |                  9 |                                                                                                    |                                                                                         |                                                                              |             (270)     |   |
|                                                                             |                                                   |                                                  | Income      taxes                                                                            |                                                                                         |                                                                                          |              997                       |                                                                                                    |                                                                                         |                                                                              |             (262)     |   |
|                                                                             |                                                   |                                                  | Accounts      payable                                                                        |                                                                                         |                                                                                          |            (527)                                 |                                                                                                    |                                                                                         |                                                                              |          (1,880)                     |   |
|                                                                             |                                                   |                                                  | Accrued      expenses                                                                        |                                                                                         |                                                                                          |           1,064                                       |                                                                                                    |                                                                                         |                                                                              |              141 |   |
| Net      cash provided (used) by operating activities                            |                                                   |                                                  |           3,028                            |                                                                                         |                                                                                          |                                                                                                    |          (2,950)                                           |                                                                                         |
|                                                                             |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |                                                                              |                                                                              |   |   |
| Investing      activities:                                                       |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |
| Additions      to property, plant and equipment                                  |                                                   |                                                  |         (3,277)                                      |                                                                                         |                                                                                          |                                                                                                    |          (3,542)                                           |                                                                                         |
| Proceeds      from sale of real estate                                           |                                                   |                                                  |                -  |                                                                                         |                                                                                          |                                                                                                    |           5,920                                       |                                                                                         |
| Proceeds      from sale of equipment                                             |                                                   |                                                  |                33 |                                                                                         |                                                                                          |                                                                                                    |                 -       |                                                                                         |
| Purchase      of debt securities                                                 |                                                   |                                                  |        -                                                                                |                                                                                         |                                                                                          |                                                                                                    |        (16,017)                                                      |                                                                                         |
| Proceeds      from matured debt securities                                       |                                                   |                                                  | -                                                                                            |                                                                                         |                                                                                          |                                                                                                    |           2,250                                       |                                                                                         |
| Other,      net                                                                  |                                                   |                                                  |                                                                                         |                                                                                         |                (2) |                                                                                                    |                                                                                                    |                                                                                         |             (362)     |                                                                              |
| Net      cash used by investing activities                                       |                                                   |                                                  |         (3,246)                                      |                                                                                         |                                                                                          |                                                                                                    |        (11,751)                                                      |                                                                                         |
|                                                                             |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |                                                                              |                                                                              |   |   |
| Financing      activities:                                                       |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |
| Proceeds      from issuance of debt                                              |                                                   |                                                  |                73 |                                                                                         |                                                                                          |                                                                                                    |              408                       |                                                                                         |
| Net      advances on revolving line of credit                                    |                                                   |                                                  |            466                        |                                                                                         |                                                                                          |                                                                                                    |                 -       |                                                                                         |
| Principal      payments on long-term debt and notes payable                      |                                                   |                                                  |              (416)          |                                                                                         |                                                                                          |                                                                                                    |             (134)                           |                                                                                         |
| Proceeds      from exercise of stock options                                     |                                                   |                                                  |                41 |                                                                                         |                                                                                          |                                                                                                    |                  1 |                                                                                         |
| Net      cash provided by financing activities                                   |                                                   |                                                  |              164            |                                                                                         |                                                                                          |                                                                                                    |              275                       |                                                                                         |
|                                                                             |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |                                                                              |                                                                              |   |   |
| Net      decrease in cash and cash equivalents                              |                                                   |                                                  |              (54)           |                                                                                         |                                                                                          |                                                                                                    |        (14,426)                                                      |                                                                                         |
| Cash      and cash equivalents, beginning of year                                |                                                   |                                                  |                82 |                                                                                         |                                                                                          |                                                                                                    |         24,411                                                  |                                                                                         |
|                                                                             | Cash      and cash equivalents, end of period          |                                                  | $                                                                                            |                28 |                                                                                          |                                                                                                    | $                                                                                                       |           9,985                            |                                                                              |
|                                                                             |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |                                                                              |                                                                              |   |   |
| Supplemental      disclosures of cash flow information:                          |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |
| Interest      paid                                                               |                                                   |                                                  | $                                                                                            |           1,037                            |                                                                                          |                                                                                                    | $                                                                                                       |                62 |                                                                              |
| Income      taxes paid (refunded), net                                           |                                                   | $                                                     |           4,312                            |                                                                                         |                                                                                          | $                                                                                                       |           3,084                                       |                                                                                         |
|                                                                             |                                                   |                                                  |                                                                                         |                                                                                         |                                                                                          |                                                                                                    |                                                                                                    |                                                                                         |                                                                              |                                                                              |   |   |
| See      accompanying notes to condensed consolidated financial      statements. |

----

----

|                            |   |                             |   |   |                                |   |
|---------------------------------|--------|----------------------------------|--------|--------|-------------------------------------|--------|
|                            |   | Three      Months Ended June 30, |   |   | Six      Months Ended      June 30, |   |
|                            |   | 2007                             |   |   | 2007                                |   |
|                            |   |                             |   |   |                                |   |
| Net      sales                  |   | $                                | 52,116 |   |                                | $      | 103,064 |   |
| Net      earnings               |   | $                                | 2,882  |   |                                | $      | 5,598 |   |
| Basic      earnings per share   |   | $                                | 0.26   |   |                                | $      | 0.50 |   |
| Diluted      earnings per share |   | $                                | 0.26   |   |                                | $      | 0.50 |   |

| 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 |   |

----

|   |                                       |                   |   | June      30, 2008                  |                     | December      31, 2007 |
|--------|--------------------------------------------|------------------------|--------|-------------------------------------|--------------------------|------------------------|
|   |                                       |                   |   |                                |                     |                   |   |   |   |   |
|   | Raw      materials                         |                   | $      |      7,377 |                     |                   | $ |      6,764 |   |
|   | Work      in progress                      |                   |   |    10,070            |                     |                   |   |      9,470 |   |
|   | Manufactured      and purchased components |                   |   |    12,925            |                     |                   |   |      8,982 |   |
|   | Finished      goods                        |                   |   |    18,780            |                     |                   |   |    15,724 |   |
|   |                                       | Total      inventories |   | $                                   |    49,152 |                   |   | $ |    40,940 |   |
|   |                                       |                   |   |                                |                     |                   |   |   |   |   |

|                            |   | June      30, 2008 |                                                  | December      31, 2007 |
|---------------------------------|--------|--------------------|-------------------------------------------------------|------------------------|
|                            |   |               |                                                  |                   |   |   |   |   |
| Trademarks                      |   | $                  |         4,222 |                   |   |  $ |         4,222 |   |
| Customer      Intangible Assets |   |               |       17,330            |                   |   |   |       17,330 |   |
| Accumulated      Amortization   |   |               |        (2,843)     |                   |   |   |        (2,124) |   |
| Intangible      assets, net     |   | $                  |       18,709            |                   |   |  $ |       19,428 |   |
|                            |   |               |                                                  |                   |   |   |   |   |

----

|                                                                                                                                                                        |            | June      30, 2008 |   | December      31, 2007 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|--------------------|--------|------------------------|
|                                                                                                                                                                        |            |               |   |                   |   |
| Capital      Lease Obligations                                                                                                                                              | $               | 477                |   |                   | $ | 636 |   |
| Revolving      line of credit                                                                                                                                               |            | 28,500             |   |                   |   | 28,034 |   |
| Notes      payable, principal and interest payable monthly, at fixed      rates, ranging from 1.67% to 10.70% at June 30, 2008 and      1.67% to 7.20% at December 31, 2007 |            | 948                |   |                   |   | 1,127 |   |
|                                                                                                                                                                        | Total      debt |        $      | 29,925 |                   |   | $ | 29,795 |   |
| Less      current installments                                                                                                                                              |            | 643                |   |                   |   | 775 |   |
|                                                                                                                                                                        | Total           | $                  | 29,282 |                   |   | $ | 29,022 |   |

| Type           | Balance                             | Interest      Rate Reprice      Date | Prime      Rate     | LIBOR      Rate     | Margin | Total      Rate |
|----------------|-------------------------------------|--------------------------------------|---------------------|---------------------|--------|-----------------|
| Base      Rate | $   2,500            | Not      Applicable                  | 5.125%              | Not      Applicable | 0.125% | 5.250%          |
| LIBOR          |    25,000            | 02/04/09                             | Not      Applicable | 2.850%              | 1.125% | 3.975%          |
| LIBOR          |      1,000 | 07/07/08                             | Not      Applicable | 2.450%              | 1.125% | 3.575%          |
| Total          | $      28,500                       |                                 |                |                |   |            |

----

|   | 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                           |    |      (10,800)                                                |   |                                      |              3.82                |                                              |               |                      |   |   |   |
|   | Forfeited      or expired           |    |           (700)                     |   |                                      |              2.88                |                                              |               |                      |   |   |   |
|   | Outstanding      at June 30, 2008   |    |     120,290                                                       |   | $                                         |              3.17                |                                              |  2.7      yrs |                      | $      |         1,732 |   |
|   |                                |    |                                                                                  |   |                                      |                                                                                              |                                              |               |                      |   |   |   |

|   | Range      of Exercise Prices | Number      of Outstanding Options | Weighted      Average Remaining Contractual Life | Weighted      Average Exercise Price |
|--------|-------------------------------|------------------------------------|--------------------------------------------------|--------------------------------------|
|   | $1.31      - $1.95            | 12,000                             | 6.0                                              |  $                              | 1.31 |
|   | $1.96      - $2.90            | 69,290                             | 2.3                                              |                                 | 2.54 |
|   | $2.91      - $4.35            | 12,400                             | 2.4                                              |                                 | 3.53 |
|   | $4.36      - $6.06            | 26,600                             | 2.5                                              |                                 | 5.51 |
|   | Total                         | 120,290                            | 2.7                                              | $                                    | 3.17 |
|   |                          |                               |                                             |                                 |

----

| Restricted      Stock Awards        |   | Shares |    |   | Weighted      Average      Grant Date      Fair Value |   |
|-------------------------------------|--------|--------|---------|--------|-------------------------------------------------------|--------|
| Outstanding      at January 1, 2008 |   |   | 273,876 |   |                                                  | $      | 21.27 |   |
| Granted                             |   |   | 73,853  |   |                                                  |   | 24.37 |   |
| Vested                              |   |   | (13,739 | )      |                                                  |   | 15.78 |   |
| Forfeited                           |   |   | -       |   |                                                  |   | - |   |
| Outstanding      at June 30, 2008   |   |   | 333,990 |   |                                                  | $      | 22.18 |   |
|                                |   |   |    |   |                                                  |   |   |   |

----

|                                | Three      Months Ended June 30, |   | Six      Months Ended June 30, |   |
|-------------------------------------|----------------------------------|--------|--------------------------------|--------|
|                                |                             |   |  2008                     |   |   |   |  2007 |   |   |   |        2008 |   |   |   | 2007 |   |
|                                |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      sales:                     |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Aerostructures                      |                             |   | $                              | 41,666 |   |   |   | $ | 33,935 |   |   |   | $ | 78,792 |   |   |   | $ | 66,112 |   |
| Engineering      Services           |                             |   |                           | 23,988 |   |   |   |   | - |   |   |   |   | 47,295 |   |   |   |   | - |   |
| Eliminations                        |                             |   |                           | (750   | ) |   |   |   | - |   |   |   |   | (766 | ) |   |   |   | - |   |
|                                |                             |   | $                              | 64,904 |   |   |   | $ | 33,935 |   |   |   | $ | 125,321 |   |   |   | $ | 66,112 |   |
|                                |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      from operations:        |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Aerostructures                      |                             |   | $                              | 5,847  |   |   |   | $ | 4,285 |   |   |   | $ | 10,761 |   |   |   | $ | 7,546 |   |
| Engineering      Services           |                             |   |                           | 2,571  |   |   |   |   | - |   |   |   |   | 5,234 |   |   |   |   | - |   |
| Eliminations                        |                             |   |                           | (75    | ) |   |   |   | - |   |   |   |   | (85 | ) |   |   |   | - |   |
|                                |                             |   | $                              | 8,343  |   |   |   | $ | 4,285 |   |   |   | $ | 15,910 |   |   |   | $ | 7,546 |   |
|                                |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation      and Amortization: |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Aerostructures                      |                             |   | $                              | 1,050  |   |   |   | $ | 902 |   |   |   | $ | 2,066 |   |   |   | $ | 1,759 |   |
| Engineering      Services           |                             |   |                           | 617    |   |   |   |   | - |   |   |   |   | 1,204 |   |   |   |   | - |   |
|                                |                             |   | $                              | 1,667  |   |   |   | $ | 902 |   |   |   | $ | 3,270 |   |   |   | $ | 1,759 |   |
|                                |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      income (expense):     |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Aerostructures                      |                             |   | $                              | -      |   |   |   | $ | - |   |   |   | $ | - |   |   |   | $ | - |   |
| Engineering      Services           |                             |   |                           | (9     | ) |   |   |   | - |   |   |   |   | (20 | ) |   |   |   | - |   |
| Corporate                           |                             |   |                           | (407   | ) |   |   |   | 185 |   |   |   |   | (939 | ) |   |   |   | 391 |   |
|                                |                             |   | $                              | (416   | ) |   |   | $ | 185 |   |   |   | $ | (959 | ) |   |   | $ | 391 |   |
|                                |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital      expenditures:          |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Aerostructures                      |                             |   | $                              | 1,022  |   |   |   | $ | 2,007 |   |   |   | $ | 2,324 |   |   |   | $ | 3,542 |   |
| Engineering      Services           |                             |   |                           | 720    |   |   |   |   | - |   |   |   |   | 953 |   |   |   |   | - |   |
|                                |                             |   | $                              | 1,742  |   |   |   | $ | 2,007 |   |   |   | $ | 3,277 |   |   |   | $ | 3,542 |   |
|                                |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|               |   |   |                     |    |   |   |                         |   |
|--------------------|--------|--------|--------------------------|---------|--------|--------|------------------------------|--------|
|               |   |   | June      30, 2008  |    |   |   | December      31, 2007  |   |
|               |   |   |                     |    |   |   |                         |   |
| Goodwill:          |   |   |                     |    |   |   |                         |   |
| Aerostructures     |   |   | $                        | 5,653   |   |   |                         | $      | 5,653 |   |
| Engineering        |   |   |                     | 42,908  |   |   |                         |   | 43,017 |   |
|               |   |   | $                        | 48,561  |   |   |                         | $      | 48,670 |   |
|               |   |   |                     |    |   |   |                         |   |   |   |
| Total      assets: |   |   |                     |    |   |   |                         |   |   |   |
| Aerostructures     |   |   | $                        | 103,373 |   |   |                         | $      | 95,125 |   |
| Engineering        |   |   |                     | 74,672  |   |   |                         |   | 70,993 |   |
|               |   |   | $                        | 178,045 |   |   |                         | $      | 166,118 |   |
|               |   |   |                     |    |   |   |                         |   |   |   |

----

----

----

|                        | Three      Months Ended |
|-----------------------------|-------------------------|
|                        | June      30, 2008      |
|                        | ($      in millions)    |
|                        | Aerostructures          |   | Engineering      Services |   | Eliminations |   | Total |   |
| Net      sales              |  $                 | 41.6 |   |   | $ | 24.0 |   |   | $ | (0.7 | ) |   | $ | 64.9 |   |
| Cost      of sales          |                    | 29.8 |   |   |   | 19.1 |   |   |   | (0.7 | ) |   |   | 48.2 |   |
| Gross      profit           |                    | 11.8 |   |   |   | 4.9 |   |   |   | - |   |   |   | 16.7 |   |
| S,G      & A            |                    | 6.0 |   |   |   | 2.3 |   |   |   | - |   |   |   | 8.3 |   |
| Income      from operations |  $                 | 5.8 |   |   | $ | 2.6 |   |   | $ | - |   |   | $ | 8.4 |   |
|                        |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                        |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                        | Three      Months Ended |
|                        | June      30, 2007      |
|                        | ($      in millions)    |
|                        | Aerostructures          |   | Engineering      Services |   | Eliminations |   | Total |   |
| Net      sales              |  $                 | 33.9 |   |   | $ | - |   |   | $ | - |   |   | $ | 33.9 |   |
| Cost      of sales          |                    | 24.7 |   |   |   | - |   |   |   | - |   |   |   | 24.7 |   |
| Gross      profit           |                    | 9.2 |   |   |   | - |   |   |   | - |   |   |   | 9.2 |   |
| S,G      & A            |                    | 4.9 |   |   |   | - |   |   |   | - |   |   |   | 4.9 |   |
| Income      from operations |  $                 | 4.3 |   |   | $ | - |   |   | $ | - |   |   | $ | 4.3 |   |
|                        |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|   |   Category                 | Three      Months Ended June 30, 2008 |  % of Total                                                       |   | Three      Months Ended June 30, 2007 |  %      of Total |
|--------|--------------------------------------|---------------------------------------|-----------------------------------------------------------------------------|--------|---------------------------------------|-----------------------|
|   |                                 | ($      in millions)                  |
|   | Corporate      and Regional Aircraft | $                                     |           14.1            | 33.9   | %                                     |                  | $ | 11.4 | 33.6 |   |
|   | Large      Commercial Aircraft       |                                  |           12.4            | 29.8   |                                  |                  |   | 11.4 | 33.6 |   |
|   | Military                             |                                  |           11.7            | 28.1   |                                  |                  |   | 8.3 | 24.6 |   |
|   | Technology                           |                                  |             2.2 | 5.3    |                                  |                  |   | 1.6 | 4.8 |   |
|   | Other      (1)                       |                                  |             1.2 | 2.9    |                                  |                  |   | 1.1 | 3.4 |   |
|   | Total                                | $                                     |           41.6            | 100.0  | %                                     |                  | $ | 33.9 | 100.0 | % |
|   |                                 |                                  |                                                                        |   |                                  |                  |   |   |   |   |

----

|   |   Category     | Three      Months Ended      June 30, 2008 |  %      of Total |
|--------|--------------------------|--------------------------------------------|-----------------------|
|   |                     | ($      in millions)                       |
|   | Commercial      Aircraft | $                                          | 11.2                  | 46.7 | % |
|   | Corporate      Aircraft  |                                       | 8.4                   | 35.0 |   |
|   | Military                 |                                       | 3.0                   | 12.5 |   |
|   | Tooling                  |                                       | 1.4                   | 5.8 |   |
|   | Total                    | $                                          | 24.0                  | 100.0 | % |
|   |                     |                                       |                  |   |   |

----

|                        | Six      Months Ended |
|-----------------------------|-----------------------|
|                        | June      30, 2008    |
|                        | ($      in millions)  |
|                        | Aerostructures        |   | Engineering      Services |   | Eliminations |   | Total |   |
| Net      sales              |                  |   | $ | 78.8 |   |   | $ | 47.3 |   |   | $ | (0.8 | ) |   | $ | 125.3 |   |
| Cost      of sales          |                  |   |   | 56.0 |   |   |   | 37.7 |   |   |   | (0.7 | ) |   |   | 93.0 |    |
| Gross      profit           |                  |   |   | 22.8 |   |   |   | 9.6 |   |   |   | (0.1 | ) |   |   | 32.3 |   |
| S,G      & A            |                  |   |   | 12.0 |   |   |   | 4.4 |   |   |   | - |   |   |   | 16.4 |   |
| Income      from operations |                  |   | $ | 10.8 |   |   | $ | 5.2 |   |   | $ | (0.1 | ) |   | $ | 15.9 |   |
|                        |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                        |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                        | Six      Months Ended |
|                        | June      30, 2007    |
|                        | ($      in millions)  |
|                        | Aerostructures        |   | Engineering      Services |   | Eliminations |   | Total |   |
| Net      sales              |                  |   | $ | 66.1 |   |   | $ | - |   |   | $ | - |   |   | $ | 66.1 |   |
| Cost      of sales          |                  |   |   | 48.6 |   |   |   | - |   |   |   | - |   |   |   | 48.6 |   |
| Gross      profit           |                  |   |   | 17.5 |   |   |   | - |   |   |   | - |   |   |   | 17.5 |   |
| S,G      & A            |                  |   |   | 9.9 |   |   |   | - |   |   |   | - |   |   |   | 9.9 |   |
| Income      from operations |                  |   | $ | 7.6 |   |   | $ | - |   |   | $ | - |   |   | $ | 7.6 |   |
|                        |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|   |   Category                 | Six      Months Ended      June 30, 2008 |  %      of Total |   | Six      Months Ended      June 30, 2007 |  %      of Total |
|--------|--------------------------------------|------------------------------------------|-----------------------|--------|------------------------------------------|-----------------------|
|   |                                 | ($      in millions)                     |
|   | Corporate      and Regional Aircraft | $                                        | 27.5                  | 34.9   | %                                        |                  | $ | 23.7 | 35.9 | % |
|   | Large      Commercial Aircraft       |                                     | 23.1                  | 29.3   |                                     |                  |   | 22.1 | 33.4 |   |
|   | Military                             |                                     | 21.6                  | 27.4   |                                     |                  |   | 14.9 | 22.5 |   |
|   | Technology                           |                                     | 4.4                   | 5.6    |                                     |                  |   | 3.3 | 5.0 |   |
|   | Other      (1)                       |                                     | 2.2                   | 2.8    |                                     |                  |   | 2.1 | 3.2 |   |
|   | Total                                | $                                        | 78.8                  | 100.0  | %                                        |                  | $ | 66.1 | 100.0 | % |
|   |                                 |                                     |                  |   |                                     |                  |   |   |   |   |

----

|   |   Category     | Six      Months Ended      June 30, 2008 |  %      of Total |   |
|--------|--------------------------|------------------------------------------|-----------------------|--------|
|   |                     | ($      in millions)                     |                  |
|   | Commercial      Aircraft | $                                        | 22.3                  | 47.1   | % |   |
|   | Corporate      Aircraft  |                                     | 15.6                  | 33.0   |   |   |
|   | Military                 |                                     | 6.5                   | 13.7   |   |   |
|   | Tooling                  |                                     | 2.9                   | 6.1    |   |   |
|   | Total                    | $                                        | 47.3                  | 100.0  | % |   |
|   |                     |                                     |                  |   |   |   |

----

----

----

| (a)   | The      annual meeting of the shareholders of the Company was held on June 24,      2008.  Of the 11,496,549 shares entitled to vote at such      meeting, 10,933,170 shares were present at the meeting in person or by      proxy. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | The      individuals listed below were elected as Class I Directors of the Company      at the meeting, and the number of shares voted for, against and withheld      were as follows: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|              Name |   | Number      of Shares Voted |
|------------------------------------------------------------------------------------|--------|-----------------------------|
|                                                                               |   | For                         | Withheld |
| Sanford      S. Neuman                                                             |   | 8,337,630                   | 2,595,540 |
| John      S. Eulich                                                                |   | 10,751,522                  | 181,648 |
| Judith      W. Northup                                                             |   | 10,751,406                  | 181,764 |

| (c)   | In      addition to the election of Class I Directors, the shareholders ratified      the appointment of BDO Seidman, LLP as the Company’s independent auditor      for the fiscal year ending December 31, 2008.  The number of      shares voted for, against and withheld were as  follows: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|       | Number      of Shares Voted |    |
|------------|-----------------------------|---------|
| For        | Against                     | Abstain |
| 10,883,670 | 598                         | 48,901  |

|            |   |
|-----------------|--------|
| (d)   | None.  |

----

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

----

| 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, 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.  |