LMI Aerospace Announces Contract Extension With Boeing-Seattle
March 20 2006 - 10:49AM
PR Newswire (US)
Five-Year Agreement Begins 2007 ST. LOUIS, March 20
/PRNewswire-FirstCall/ -- LMI Aerospace, Inc. (NASDAQ: LMIA), a
leading provider of assemblies, kits and detail sheet metal and
machined components to the aerospace defense and technology
industries announced today an extension of its existing contract
with the Boeing Company for the years 2007 through 2011. LMI
Aerospace currently provides Boeing with sheet metal and extruded
aluminum components and subassemblies, primarily for use on the
Boeing 737 and 777 model airplanes. Ronald S. Saks, President and
Chief Executive Officer of LMI Aerospace, Inc., said, "Boeing
continues to be a key customer for LMI Aerospace. We are pleased to
have the opportunity to continue to produce these components and
subassemblies, which will be manufactured at all of our sheet metal
and processing plants." LMI Aerospace, Inc., is a leading provider
of structural components, assemblies and kits to the aerospace,
defense and technology industries. The company fabricates,
machines, finishes and integrates formed, close tolerance aluminum
and specialty alloy components and sheet metal products primarily
for large commercial, corporate and military aircraft. LMI
Aerospace manufactures more than 30,000 products for integration
into a variety of aircraft platforms manufactured by leading
original equipment manufacturers and Tier 1 aerospace suppliers.
This press release includes forward-looking statements related to
LMI's outlook for 2006, which are based on current management
expectations. Such forward-looking statements are subject to
various risks and uncertainties, many of which are beyond the
control of LMI. Actual results could differ materially from the
forward-looking statements as a result, among other things, of the
factors detailed from time to time in LMI's filings with the
Securities and Exchange Commission. Please refer to the Risk
Factors contained in the company's Annual Report on Form 10-K and
Form 10-K/A for the year ended December 31, 2004 for more details.
DATASOURCE: LMI Aerospace CONTACT: Ed Dickinson, Chief Financial
Officer of LMI Aerospace, +1-636- 916-2150
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