**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

| 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. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------|

**LMI      AEROSPACE, INC.**

| **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)                                        |

**(636)      946-6525**

----

**LMI      AEROSPACE, INC.**

**QUARTERLY      REPORT ON FORM 10-Q**

**FOR      THE FISCAL QUARTER ENDING March 31, 2007**

|   | PART                  I. FINANCIAL INFORMATION |   |
|--------|------------------------------------------------|--------|

|                                                                                                                                                           |                                                                                                                           |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                           | Page                No.                                                                                                        |
|                                                                                                                                                           |                                                                                                                           |
| **Item                1.**                                                                                                                                     | **Financial                Statements (unaudited).**                                                                           |   |
|                                                                                                                                                           |                                                                                                                           |
| Condensed                Consolidated Balance Sheets as of March                31, 2007 andDecember                31, 2006.                                  | 3                                                                                                                              |
|                                                                                                                                                           |                                                                                                                           |
| Condensed                Consolidated Statements of                Operations for the three monthsended                March 31, 2007 and                2006. | 4                                                                                                                              |
|                                                                                                                                                           |                                                                                                                           |
| Condensed                Consolidated Statements of Cash                Flows for the three monthsended                March 31, 2007 and                2006. | 5                                                                                                                              |
|                                                                                                                                                           |                                                                                                                           |
| Notes                to Condensed Consolidated Financial                Statements.                                                                            | 6                                                                                                                              |
|                                                                                                                                                           |                                                                                                                           |
| **Item                2.**                                                                                                                                     | **Management’s                Discussion and Analysis of Financial Condition                and Results of Operations.** | 12 |
|                                                                                                                                                           |                                                                                                                           |   |
| **Item                3.**                                                                                                                                     | **Quantitative                and Qualitative Disclosures About Market                Risk.**                                  | 15 |
|                                                                                                                                                           |                                                                                                                           |   |
| **Item                4.**                                                                                                                                     | **Controls                and Procedures.**                                                                                    | 16 |
|                                                                                                                                                           |                                                                                                                           |   |
|                                                                                                                                                           | PART                II. OTHER INFORMATION                                                                                      |   |
|                                                                                                                                                           |                                                                                                                           |   |
| **Item                1.**                                                                                                                                     | **Legal                Proceedings.**                                                                                          | 17 |
|                                                                                                                                                           |                                                                                                                           |   |
| **Item                1A.**                                                                                                                                    | **Risk                Factors.**                                                                                               | 17 |
|                                                                                                                                                           |                                                                                                                           |   |
| **Item                2.**                                                                                                                                     | **Unregistered                Sales of Equity Securities and Use of                Proceeds.**                                 | 17 |
|                                                                                                                                                           |                                                                                                                           |   |
| **Item                3.**                                                                                                                                     | **Defaults                Upon Senior                Securities.**                                                             | 17 |
|                                                                                                                                                           |                                                                                                                           |   |
| **Item                4.**                                                                                                                                     | **Submission                of Matters to a Vote of Security                Holders.**                                         | 17 |
|                                                                                                                                                           |                                                                                                                           |   |
| **Item                5.**                                                                                                                                     | **Other                Information.**                                                                                          | 17 |
|                                                                                                                                                           |                                                                                                                           |   |
| **Item                6.**                                                                                                                                     | **Exhibits.**                                                                                                                  | 17 |
|                                                                                                                                                           |                                                                                                                           |   |
| SIGNATURE                PAGE                                                                                                                                  | 18                                                                                                                             |
|                                                                                                                                                           |                                                                                                                           |
| EXHIBIT                INDEX                                                                                                                                   | 19                                                                                                                             |

----

**LMI      Aerospace, Inc.**

**Condensed      Consolidated Balance      Sheets**

*(Amounts      in thousands, except share and per share data)*

|                                                                                                                                                                                                                                |   | **March                31, 2007****(Unaudited)** |    |  **December                31, 2006**  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|---------|--------------------------------------------------|--------|
| Assets                                                                                                                                                                                                                              |   |                                             |    |                                             |   |   |   |
| Current                assets:                                                                                                                                                                                                      |   |                                             |    |                                             |   |   |   |
| Cash                and cash equivalents                                                                                                                                                                                            |   | $                                                | 10,847  |                                             | $      | 24,411 |   |
| Short-term                investments                                                                                                                                                                                               |   |                                             | 16,093  |                                             |   | 2,243 |   |
| Trade                accounts receivable, net of allowance of $240 atMarch                31, 2007 and $311 at December 31, 2006                                                                                                    |   |                                             | 18,778  |                                             |   | 14,658 |   |
| Inventories                                                                                                                                                                                                                         |   |                                             | 36,687  |                                             |   | 33,956 |   |
| Prepaid                expenses and other current assets                                                                                                                                                                            |   |                                             | 1,787   |                                             |   | 1,760 |   |
| Deferred                income taxes                                                                                                                                                                                                |   |                                             | 2,200   |                                             |   | 2,210 |   |
| Income                taxes receivable                                                                                                                                                                                              |   |                                             | 204     |                                             |   | 232 |   |
| Total                current assets                                                                                                                                                                                                 |   |                                             | 86,596  |                                             |   | 79,470 |   |
|                                                                                                                                                                                                                                |   |                                             |    |                                             |   |   |   |
|                                                                                                                                                                                                                                |   |                                             |    |                                             |   |   |   |
| Property,                plant and equipment, net                                                                                                                                                                                   |   |                                             | 16,736  |                                             |   | 19,514 |   |
| Goodwill                                                                                                                                                                                                                            |   |                                             | 5,653   |                                             |   | 5,653 |   |
| Customer-related                intangible assets, net                                                                                                                                                                              |   |                                             | 3,323   |                                             |   | 3,425 |   |
| Other                assets                                                                                                                                                                                                         |   |                                             | 505     |                                             |   | 548 |   |
| Total                assets                                                                                                                                                                                                         |   | $                                                | 112,813 |                                             | $      | 108,610 |   |
|                                                                                                                                                                                                                                |   |                                             |    |                                             |   |   |   |
| Liabilities                and stockholders’ equity                                                                                                                                                                           |   |                                             |    |                                             |   |   |   |
| Current                liabilities:                                                                                                                                                                                                 |   |                                             |    |                                             |   |   |   |
| Accounts                payable                                                                                                                                                                                                     |   | $                                                | 8,875   |                                             | $      | 9,758 |   |
| Accrued                expenses                                                                                                                                                                                                     |   |                                             | 4,794   |                                             |   | 3,916 |   |
| Short-term                deferred gain on sale of real estate                                                                                                                                                                      |   |                                             | 228     |                                             |   | 147 |   |
| Current                installments of long-term debt and capital leaseobligations                                                                                                                                                  |   |                                             | 309     |                                             |   | 238 |   |
| Total                current liabilities                                                                                                                                                                                            |   |                                             | 14,206  |                                             |   | 14,059 |   |
|                                                                                                                                                                                                                                |   |                                             |    |                                             |   |   |   |
| Long-term                deferred gain on sale of real estate                                                                                                                                                                       |   |                                             | 3,960   |                                             |   | 2,493 |   |
| Long-term                debt and capital lease obligations, less currentinstallments                                                                                                                                               |   |                                             | 836     |                                             |   | 583 |   |
| Deferred                income taxes                                                                                                                                                                                                |   |                                             | 965     |                                             |   | 965 |   |
| Total                long-term liabilities                                                                                                                                                                                          |   |                                             | 5,761   |                                             |   | 4,041 |   |
|                                                                                                                                                                                                                                |   |                                             |    |                                             |   |   |   |
| Stockholders’                equity:                                                                                                                                                                                          |   |                                             |    |                                             |   |   |   |
| Common                stock, $.02 par value per share; authorized28,000,000                shares; issued 11,596,778 shares and11,577,631                shares at March 31, 2007 and December 31,2006,                respectively |   |                                             | 232     |                                             |   | 232 |   |
| Preferred                stock, $.02 par value per share; authorized 2,000,000                shares; none issued in both periods                                                                                                   |   |                                             | -       |                                             |   | - |   |
| Additional                paid-in capital                                                                                                                                                                                           |   |                                             | 66,198  |                                             |   | 66,104 |   |
| Treasury                stock, at cost, 389,732 shares at March 31, 2007and                December 31, 2006, respectively                                                                                                          |   |                                             | (1,849  | )                                                |   | (1,849 | ) |
| Retained                earnings                                                                                                                                                                                                    |   |                                             | 28,265  |                                             |   | 26,023 |   |
| Total                stockholders’ equity                                                                                                                                                                                     |   |                                             | 92,846  |                                             |   | 90,510 |   |
| Total                liabilities and stockholders’ equity                                                                                                                                                                     |   | $                                                | 112,813 |                                             | $      | 108,610 |   |

*See      accompanying notes to condensed consolidated financial      statements.*

----

**LMI      Aerospace, Inc.**

**Condensed      Consolidated Statements of      Operations**

*(Amounts      in thousands, except share and per share data)*

*(Unaudited)*

|                                                                               |   | **Three                Months Ended****March                31,** |       |
|------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|------------|
|                                                                               |   | **2007**                                                          |       | **2006** |   |
|                                                                               |   |                                                              |       |   |   |
| Net                sales                                                           |   | $                                                                 | 32,176     |   | $ | 29,242 |   |
| Cost                of sales                                                       |   |                                                              | 23,905     |   |   | 20,921 |   |
| Gross                profit                                                        |   |                                                              | 8,271      |   |   | 8,321 |   |
|                                                                               |   |                                                              |       |   |   |   |   |
| Selling,                general and administrative expenses                        |   |                                                              | 5,009      |   |   | 4,201 |   |
| Income                from operations                                              |   |                                                              | 3,262      |   |   | 4,120 |   |
|                                                                               |   |                                                              |       |   |   |   |   |
| Other                income (expense):                                             |   |                                                              |       |   |   |   |   |
| Interest                income (expense), net                                      |   |                                                              | 206        |   |   | (427 | ) |
| Other,                net                                                          |   |                                                              | 6          |   |   | 2 |   |
| Income                before income taxes                                          |   |                                                              | 3,474      |   |   | 3,695 |   |
|                                                                               |   |                                                              |       |   |   |   |   |
| Provision                for income taxes                                          |   |                                                              | 1,233      |   |   | 1,386 |   |
| Net                income                                                          |   | $                                                                 | 2,241      |   | $ | 2,309 |   |
|                                                                               |   |                                                              |       |   |   |   |   |
| Amounts                per common share:Net                income per common share |   | $                                                                 | 0.20       |   | $ | 0.27 |   |
|                                                                               |   |                                                              |       |   |   |   |   |
| Net                income per common share assumingdilution                        |   | $                                                                 | 0.20       |   | $ | 0.27 |   |
|                                                                               |   |                                                              |       |   |   |   |   |
| Weighted                average common shares outstanding                          |   |                                                              | 11,150,899 |   |   | 8,547,398 |   |
|                                                                               |   |                                                              |       |   |   |   |   |
| Weighted                average dilutive common sharesoutstanding                  |   |                                                              | 11,275,337 |   |   | 8,670,549 |   |
|                                                                               |   |                                                              |       |   |   |   |   |

*See      accompanying notes to condensed consolidated financial      statements.*

----

**LMI      Aerospace, Inc.**

**Condensed      Consolidated Statements of Cash      Flows**

*(Amounts      in thousands)*

*(Unaudited)*

|                                                                                                       |   | **Three                Months Ended****March                31,** |    |
|------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|---------|
|                                                                                                       |   | **2007**                                                          |    | **2006** |   |
| **Operating                activities**                                                                    |   |                                                              |    |   |   |
| Net                income                                                                                  |   | $                                                                 | 2,241   |   | $ | 2,309 |   |
| Adjustments                to reconcile net income tonet                cash used by operating activities: |   |                                                              |    |   |   |   |   |
| Depreciation                and amortization                                                               |   |                                                              | 857     |   |   | 916 |   |
| Charges                for bad debt expense                                                                |   |                                                              | 221     |   |   | 28 |   |
| Charges                for inventory obsolescence and valuation                                            |   |                                                              | 332     |   |   | 283 |   |
| Restricted                stock compensation                                                               |   |                                                              | 93      |   |   | 43 |   |
| Changes                in operating assets and liabilities:                                                |   |                                                              |    |   |   |   |   |
| Trade                accounts receivable                                                                   |   |                                                              | (4,341  | ) |   | 250 |   |
| Inventories                                                                                                |   |                                                              | (3,063  | ) |   | (2,447 | ) |
| Prepaid                expenses and other assets                                                           |   |                                                              | 5       |   |   | 96 |   |
| Current                and deferred income taxes                                                           |   |                                                              | 1,070   |   |   | (1,594 | ) |
| Accounts                payable                                                                            |   |                                                              | (883    | ) |   | (1,064 | ) |
| Accrued                expenses                                                                            |   |                                                              | (505    | ) |   | 514 |   |
| Net                cash used by operating activities                                                       |   |                                                              | (3,973  | ) |   | (666 | ) |
|                                                                                                       |   |                                                              |    |   |   |   |   |
| **Investing                activities**                                                                    |   |                                                              |    |   |   |   |   |
| Additions                to property, plant and equipment                                                  |   |                                                              | (1,900  | ) |   | (685 | ) |
| Purchase                of debt securities                                                                 |   |                                                              | (16,017 | ) |   | - |   |
| Proceeds                from matured securities                                                            |   |                                                              | 2,250   |   |   | - |   |
| Proceeds                from sale of real estate                                                           |   |                                                              | 5,920   |   |   | - |   |
| Acquisition                of Technical Change Associates                                                  |   |                                                              | -       |   |   | (614 | ) |
| Other,                net                                                                                  |   |                                                              | (170    | ) |   | 4 |   |
| Net                cash used by investing activities                                                       |   |                                                              | (9,917  | ) |   | (1,295 | ) |
|                                                                                                       |   |                                                              |    |   |   |   |   |
| **Financing                activities**                                                                    |   |                                                              |    |   |   |   |   |
| Proceeds                from public offering                                                               |   |                                                              | -       |   |   | 39,268 |   |
| Proceeds                from issuance of debt and origination of capitalleases                             |   |                                                              | 380     |   |   | - |   |
| Principal                payments on long-term debt and notes payable                                      |   |                                                              | (54     | ) |   | (4,658 | ) |
| Net                payments on revolver                                                                    |   |                                                              | -       |   |   | (8,898 | ) |
| Proceeds                from exercise of stock options                                                     |   |                                                              | -       |   |   | 59 |   |
| Net                cash provided by financing activities                                                   |   |                                                              | 326     |   |   | 25,771 |   |
|                                                                                                       |   |                                                              |    |   |   |   |   |
| Net                increase (decrease) in cash and cash equivalents                                        |   |                                                              | (13,564 | ) |   | 23,810 |   |
| Cash                and cash equivalents, beginning of year                                                |   |                                                              | 24,411  |   |   | 35 |   |
| Cash                and cash equivalents, end of quarter                                                   |   | $                                                                 | 10,847  |   | $ | 23,845 |   |
|                                                                                                       |   |                                                              |    |   |   |   |   |
| **Supplemental                Disclosures of Cash Flow Information**                                       |   |                                                              |    |   |   |   |   |
| Interest                paid                                                                               |   | $                                                                 | 26      |   | $ | 384 |   |
| Income                taxes paid (refunded), net                                                           |   | $                                                                 | 98      |   | $ | 2,980 |   |

*See      accompanying notes to condensed consolidated financial      statements.*

----

**LMI            Aerospace, Inc.**

**Notes            to Condensed Consolidated Financial            Statements**

*(Dollar            amounts in thousands, except share and per share data)*

*(Unaudited)*

**1.  Accounting      Policies**

**Description      of Business**

**Basis      of Presentation**

**Customer      Concentration**

----

**LMI          Aerospace, Inc.**

**Notes          to Condensed Consolidated Financial Statements**

*(Dollar          amounts in thousands, except share and per share data)*

*(Unaudited)*

**Use      of Estimates**

**Cash      and Cash Equivalents**

**Short-term      Investments**

**Income      Taxes**

----

**LMI          Aerospace, Inc.**

**Notes          to Condensed Consolidated Financial Statements**

*(Dollar          amounts in thousands, except share and per share data)*

*(Unaudited)*

**2.  Inventories**

|                                                               |   | **March                31,****2007** |   | **December                31,****2006** |   |
|--------------------------------------------------------------------|--------|--------------------------------------|--------|-----------------------------------------|--------|
|                                                               |   |                                 |   |                                    |   |
| Raw                materials                                       |   | $                                    | 6,613  |                                    | $      | 5,583 |   |
| Work                in progress                                    |   |                                 | 7,801  |                                    |   | 8,556 |   |
| Manufactured                andpurchased                components |   |                                 | 8,249  |                                    |   | 7,955 |   |
| Finished                goods                                      |   |                                 | 14,024 |                                    |   | 11,862 |   |
| Total                inventories                                   |   | $                                    | 36,687 |                                    | $      | 33,956 |   |

**3.  Goodwill      and Intangible Assets**

**Customer-Related      Intangible Assets**

|                                    |   | **March                31,****2007** |   | **December                31, 2006** |   |
|-----------------------------------------|--------|--------------------------------------|--------|--------------------------------------|--------|
|                                    |   |                                 |   |                                 |   |
| Gross                Amount             |   | $                                    | 4,694  |                                 | $      | 4,694 |   |
| Accumulated                Amortization |   |                                 | (1,371 | )                                    |   | (1,269 | ) |
| Intangible                assets, net   |   | $                                    | 3,323  |                                 | $      | 3,425 |   |

----

**LMI            Aerospace, Inc.**

**Notes            to Condensed Consolidated Financial Statements**

*(Dollar            amounts in thousands, except share and per share data)*

*(Unaudited)*

**4.  Long-Term      Debt and Revolving Line of Credit**

**5.  Earnings      Per Common Share**

**6.  Stock-Based      Compensation**

----

**LMI          Aerospace, Inc.**

**Notes          to Condensed Consolidated Financial Statements**

*(Dollar          amounts in thousands, except share and per share data)*

*(Unaudited)*

|                                                     |   |       |    |                                      |   |                                                        |   |                           |                   |
|----------------------------------------------------------|--------|------------|---------|------------------------------------------------|--------|-------------------------------------------------------------|--------|-------------------------------------|------------------------|
| **Stock                Options**                         |   | **Shares** |    | **Weighted****Average****Exercise Price** |   | **Weighted****Average****Remaining****Contractual****Life** |   | **Aggregate****Intrinsic****Value** |                   |
| Outstanding                at December 31, 2006     |   |       | 137,234 |                                           | $      | 3.24                                                        |   |                                |                   |   |   |   |   |
| Granted                                                  |   |       | -       |                                           |   | -                                                           |   |                                |                   |   |   |   |   |
| Exercised                                                |   |       | -       |                                           |   | -                                                           |   |                                |                   |   |   |   |   |
| Forfeited                or expired                      |   |       | -       |                                           |   | -                                                           |   |                                |                   |   |   |   |   |
| Outstanding                at March 31, 2007        |   |       | 137,234 |                                           |   | 3.24                                                        |   |                                | 3.8                yrs |   | $ | 2,112 |   |
|                                                     |   |       |         |                                           |   |                                                             |   |                                |                        |   |   |  |   |
| Options                Exercisable at March 31,2007 |   |       | 137,234 |                                           | $      | 3.24                                                        |   |                                | 3.8                yrs |   | $ | 2,112 |   |
|                                                     |   |       |         |                                           |   |                                                             |   |                                |                        |   |   |  |   |

| **Range                of****Exercise****Prices** | **Number                of****Outstanding****Options** | **Weighted                Average Remaining Contractual Life** | **Weighted****Average****Exercise                Price** | **Number                Exercisable** | **Weighted****Average****Exercise                Price** |
|---------------------------------------------------|--------------------------------------------------------|----------------------------------------------------------------|----------------------------------------------------------|---------------------------------------|----------------------------------------------------------|
|                                              |                                                   |                                                           |                                                     |                                  |                                                     |
| $1.31                - $1.95                      |                  12,000                           | 7.3                                                            | $                1.31                                    |                  12,000          | $                1.31                                    |
| $1.96                - $2.90                      |                  78,234                           | 3.5                                                            |                   2.56                         |                  78,234          |                   2.56                         |
| $2.91                - $4.35                      |                  13,500                           | 3.8                                                            |                   3.51                         |                  13,500          |                   3.51                         |
| $4.36                - $6.06                      |                  33,500                           | 3.4                                                            |                   5.43                         |                  33,500          |                   5.43                         |
| Total                                             | 137,234                                                | 3.8                                                            | $                3.24                                    | 137,234                               | $                3.24                                    |

----

**LMI          Aerospace, Inc.**

**Notes          to Condensed Consolidated Financial Statements**

*(Dollar          amounts in thousands, except share and per share data)*

*(Unaudited)*

| **Restricted                  Stock Awards**      |   | **Number****of                  shares** |    | **Weighted****Average****Grant Date****Fair                  Value** |   |
|---------------------------------------------------|--------|------------------------------------------|---------|---------------------------------------------------------------------------|--------|
| Outstanding                  at December 31, 2006 |   |                                     | 37,000  |                                                                      | $      | 12.85 |   |
| Granted                                           |   |                                     | 19,118  |                                                                      | $      | 16.48 |   |
| Vested                                            |   |                                     | (4,550  | )                                                                         | $      | 14.16 |   |
| Forfeited                                         |   |                                     | — |                                                                      |   | — |   |
| Outstanding                  at March 31, 2007    |   |                                     | 51,568  |                                                                      | $      | 14.08 |   |
|                                              |   |                                     |         |                                                                      |   |  |   |

**7.  Sale      and Leaseback of Real Estate Properties**

----

**Item      2.  Management’s Discussion and Analysis of Financial      Condition and Results of Operations.**

**OVERVIEW**

----

**RESULTS      OF OPERATIONS**

*Three      months ended March 31, 2007 compared to March 31, 2006*

|                                          |   | Three                Months EndedMarch                31, 2007 |   | Three                Months EndedMarch                31, 2006 |   |
|-----------------------------------------------|--------|----------------------------------------------------------------|--------|----------------------------------------------------------------|--------|
|                                          |   | ($                in millions)                                 |   |
| Net                sales                      |   | $                                                              | 32.2   |                                                           | $      | 29.2 |   |
| Cost                of sales                  |   |                                                           | 23.9   |                                                           |   | 20.9 |   |
| Gross                profit                   |   |                                                           | 8.3    |                                                           |   | 8.3 |   |
| S,G                & A                    |   |                                                           | 5.0    |                                                           |   | 4.2 |   |
| Income                from operations         |   |                                                           | 3.3    |                                                           |   | 4.1 |   |
| Interest                income (expense), net |   |                                                           | 0.2    |                                                           |   | (0.4 | ) |
| Income                before income taxes     |   |                                                           | 3.5    |                                                           |   | 3.7 |   |
| Provision                for income taxes     |   |                                                           | 1.3    |                                                           |   | 1.4 |   |
| Net                Income                     |   | $                                                              | 2.2    |                                                           | $      | 2.3 |   |
|                                          |   |                                                           |   |                                                           |   |   |   |

**Net      Sales.**

| Category                                       | 1st                Qtr 2007 | %                ofTotal |   | 1st                Qtr2006 | %                ofTotal |   |
|------------------------------------------------|-----------------------------|--------------------------|--------|----------------------------|--------------------------|--------|
| Corporate                and Regional Aircraft | $12.3                       | 38.2                     | %      | $                11.7      | 40.1                     | %      |
| Large                Commercial Aircraft       | 10.7                        | 33.2                     |   | 9.0                        | 30.8                     |   |
| Military                                       | 6.6                         | 20.5                     |   | 5.1                        | 17.5                     |   |
| Technology                                     | 1.7                         | 5.3                      |   | 2.0                        | 6.8                      |   |
| Other                (1)                       | 0.9                         | 2.8                      |   | 1.4                        | 4.8                      |   |
| Total                                          | $32.2                       | 100.0                    | %      | $                29.2      | 100.0                    | %      |

----

**Gross      Profit.**

**Selling,      General and Administrative Expenses. **

**Interest      Income (Expense), net.**

**Income      Tax Expense.**

----

**LIQUIDITY      AND CAPITAL RESOURCES**

**CONTRACTUAL      OBLIGATIONS AND COMMITMENTS**

|                                    | **Total**     | **Less                    than****1                    year** | **1-3                    years** | **3-5                    years** | **More                    than 5****years** |
|-----------------------------------------|---------------|---------------------------------------------------------------|----------------------------------|----------------------------------|---------------------------------------------|
| **Operating                    Leases** | $ 11,319 | $ 518                                                    | $ 1,071                     | $ 1,121                     | $ 8,609                                |

**Item        3.** **  Quantitative        and Qualitative Disclosures About Market Risk.**

----

**Item        4.  Controls and        Procedures.**

----

**PART      II**

**OTHER      INFORMATION**

**Item      1.  Legal      Proceedings.**

**Item      1A.  Risk Factors.**

**Item      2.  Unregistered Sales of Equity Securities      and Use of Proceeds.**

**Item      3.  Defaults Upon Senior      Securities.**

**Item      4.  Submission of Matters to a Vote of      Security Holders.**

**Item      5.  Other      Information.**

**Item      6.  Exhibits.**

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**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) |

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EXHIBIT      INDEX

| 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.  |