LMI Aerospace Completes Acquisition of Valent Aerostructures

LMI Aerospace Completes Acquisition of Valent Aerostructures

ST. LOUIS, Dec. 31, 2012 (GLOBE NEWSWIRE) -- LMI Aerospace, Inc.
(Nasdaq:LMIA), a leading supplier of structural assemblies, kits and
components and provider of design engineering services to the aerospace and
defense industries, announced that it completed its acquisition of Valent
Aerostructures, LLC ("Valent") on Friday, December 28, 2012.Headquartered in
Kansas City, Missouri, Valent is a leading provider of complex, structural
components, major sub-assemblies and machined parts for OEM and Tier 1
airframe manufacturers in the aerospace and defense industries.

The acquisition was structured as a purchase of all the outstanding equity of
Valent for a price of $237 million, plus certain retained obligations of $9.7
million and subject to adjustment for working capital and transaction
expenses.As part of the purchase price, LMI issued to the former equity
holders of Valent an aggregate of approximately 784,000 shares of LMI common
stock, which represented $15 million of value.The purchase agreement also
includes a potential earnout of up to $40 million in the event Valent
surpasses certain EBITDA thresholds in 2013.

In connection with the closing of the acquisition, LMI completed its
previously announced debt refinancing and entered into $300 million of new
senior secured credit facilities comprised of a $225 million term loan
facility and a $75 million revolving credit facility.LMI has used or expects
to use the new facilities to finance the Valent acquisition, refinance
existing debt and for general corporate purposes including working capital
requirements.

LMI Aerospace, Inc. is a leading provider of design engineering services and
supplier of structural assemblies, kits and components to the aerospace and
defense markets.Through its Aerostructures segment, the company primarily
fabricates, machines, finishes, integrates, assembles and kits formed close
tolerance aluminum and specialty alloy and composite components and higher
level assemblies for use by the aerospace, defense and technology industries.
It 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.Through its Engineering Services segment,
operated by its D3 Technologies, Inc. subsidiary, the company provides a
complete range of design, engineering and program management services,
supporting aircraft product lifecycles from conceptual design, analysis and
certification through production support, fleet support and service life
extensions via a complete turnkey engineering solution.

The LMI Aerospace, Inc. logo is available a
http://www.globenewswire.com/newsroom/prs/?pkgid=4971

Valent is a leading provider of complex structural components, major
sub-assemblies and machined parts for OEM and Tier 1 airframe manufacturers in
the aerospace and defense industries.Valent providescontent for several
major commercial, business jet and military platforms, including the Boeing
737, 747-8, 777, 787 and V-22 and the Gulfstream G650.The Boeing Company has
previously awarded Supplier of the Year to Valent, and in 2011, Valent won a
Spirit AeroSystems Platinum Supplier Award.

This news release includes forward-looking statements regarding LMI's business
prospects and opportunities. The words "may," "could," "should," "estimate,"
"project," "forecast," intend," "expect," "anticipate," "believe," "target,"
"plan," and similar expressions are intended to identify forward-looking
statements.Our forward-looking statements are estimates and projections
reflecting management's judgment based on currently available information and
involve a number of risks and uncertainties that could cause actual results to
differ materially from those suggested by the forward-looking statements.
These risks and uncertainties include those discussed in the company's Annual
Report on Form 10-K for the year ended December 31, 2011, and other reports
filed with the U.S. Securities and Exchange Commission, which are incorporated
herein by reference.You should not consider any such list to be a complete
set of all potential risks or uncertainties.Moreover, forward-looking
statements are based on our current expectations and speak only as of the date
when made, and we undertake no obligation to publicly update or revise any
forward-looking statements except as required by law.As a result of the
foregoing, you should not place undue reliance on forward-looking statements.

CONTACT: Ed Dickinson
         Chief Financial Officer, 636.916.2150

LMI Aerospace, Inc. Logo