8-K

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                              ---------------------

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): June 30, 2004


                               LMI AEROSPACE, INC.
             (Exact Name of Registrant as Specified in Its Charter)


                                    Missouri
                 (State or Other Jurisdiction of Incorporation)


       0-24293                                            43-1309065
(Commission File Number)                       (IRS Employer Identification No.)

3600 Mueller Road, St. Charles, Missouri                     63302
(Address of principal executive offices)                  (Zip Code)

                                 (636) 946-6525
              (Registrant's telephone number, including area code)

                              ---------------------




Item 5.  Other Events

On June 29,  2004,  LMI  Aerospace,  Inc.  issued a press  release  announcing a
possible move to the Nasdaq Small Cap Market.

Item 7.  Financial Statements and Exhibits

         (a) Not applicable

         (b) Not applicable

         (c) Exhibits

         Exhibit Number    Description

         99.1              Text of press release dated June 29, 2004





                                    SIGNATURE


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Date:  June 30, 2004


                                     LMI AEROSPACE, INC.


                                     By:  /s/ Lawrence E. Dickinson
                                          -------------------------------------
                                          Lawrence E. Dickinson
                                          Chief Financial Officer and Secretary

EX-99

                                                                    Exhibit 99.1

                                           Contact:
                                           Ed Dickinson
                                           Chief Financial Officer, 636/916-2150


FOR IMMEDIATE RELEASE


                      LMI AEROSPACE ANNOUNCES POSSIBLE MOVE
                         TO THE NASDAQ SMALL CAP MARKET

          ST. LOUIS - June 29, 2004 - 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
that it  received  a  letter  dated  June 24,  2004,  from  the  Nasdaq  Listing
Qualifications  Staff  informing the company that it faces  potential  delisting
from Nasdaq  National Market because it is not compliant with the minimum market
value of publicly held shares. Among the requirements for continued inclusion on
the Nasdaq  National  Market is a market value of the company's  common  shares,
excluding those held by its officers, directors and 10 percent shareholders,  of
least $5 million.

         The staff's letter advises that LMI will have until September 22, 2004,
to regain  compliance.  If at any time before  September  22, 2004,  the minimum
value of the  company's  publicly  held  shares is $5 million or greater  for at
least ten consecutive trading days, Nasdaq could then determine that the company
is in  compliance  with  this  requirement.  If  such  compliance  is not met by
September 22, 2004, the staff would provide  written  notification of its intent
to delist the company's common stock from the Nasdaq National Market.  LMI would
then have the  opportunity  to appeal  this  decision by the staff to the Nasdaq
Listing Qualification Panel.

          Ronald  S.  Saks,   President  and  Chief  Executive  Officer  of  LMI
Aerospace,  said,  "The  significant  ownership  of LMI's  common  shares by its
officers  and  directors,  and the  decline in the  company's  share  price have
resulted in the minimum combined value of our publicly held shares falling below
the required level. Based upon our review,  LMI is currently  compliant with the
requirements for transfer to the Nasdaq Small Cap Market if it is unable to meet
this minimum share value requirement by the September 22 deadline.  The transfer
of the company's  common shares to the Nasdaq Small Cap Market would not require
changes to the trading methods for our stock. Our ticker symbol would remain the
same, and we would continue to be quoted as any other Nasdaq security."

         LMI Aerospace,  Inc. is a leading supplier of quality components to the
aerospace and technology  industries.  The company operates twelve manufacturing
facilities that fabricate, machine, finish and integrate formed, close tolerance
aluminum and specialty alloy components for commercial,  corporate, regional and
military  aircraft,  laser  equipment  used  in the  semiconductor  and  medical
industries, and for the commercial sheet metal industries.

         This press release includes  forward-looking  statements related to LMI
Aerospace's outlook for 2004, which are based on current management expectation.
Such forward-looking  statements are subject to various risks and uncertainties,
many of which are beyond the control of LMI Aerospace, Inc. 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 Aerospace's filing with
the Securities and Exchange Commission, including those factors contained in the
company's Annual Report on Form 10-K/A for the year ended December 31, 2003.