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LMI Aerospace, Inc. (Nasdaq:LMIA), a leading provider of engineering services, structural assemblies, kits and components to the aerospace, defense and technology industries, announced that it has received a contract award from Embraer for the design and build of wing slat assemblies for the KC-390 aircraft.



The new contract encompasses the engineering, manufacturing, testing, tooling, certification, and product support of the complete wing leading edge slat system. The engineering development effort on the program is planned to begin in November of 2011 and first delivery of product is expected in the first quarter of 2013. The total contract value is estimated to be $44 million based upon acquisition intentions already signed for the KC-390. The engineering, testing and tooling will be funded by Embraer with milestone payments throughout the development process. This is the second significant design build contract for LMI.

Read full article at : http://stock-pr.com/?p=20576



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