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.

The Embraer KC-390 is a new entrant in the medium-lift military transport market. Designed with a twin turbofan engine to provide outstanding operational productivity, the KC-390 is expected to have the lowest total life cycle cost and the highest availability in its class.

LMI Aerospace, Inc. is a leading provider of structural components, assemblies and kits to the aerospace, defense and technology industries. We fabricate, machine, finish and integrate formed, close tolerance aluminum and specialty alloy components and sheet metal products primarily for large commercial, corporate and military aircraft. We manufacture more than 30,000 products for integration into a variety of aircraft platforms manufactured by leading original equipment manufacturers, referred to as OEMs, and Tier 1 aerospace suppliers.

Founded in 1948 as a manufacturer of components to the large commercial aircraft market of the aerospace industry, LMI Aerospace went public in 1998. In recent years we have expanded our capabilities and diversified our operations through a number of acquisitions and business initiatives.

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