SEGMENT REPORTING

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Note 17. SEGMENT REPORTING

In accordance with FASB ASC 280, “Segment Reporting”, the Company discloses financial and descriptive information about its reportable operating segments. Operating segments are components of an enterprise about which separate financial information is available and regularly evaluated by the chief operating decision maker in deciding how to allocate resources and in assessing performance.

The Company is operating in three segments. AIM manufactures components and subassemblies for the defense and aerospace industry.  NTW is a manufacturer of aerospace components, principally landing gear for F-16 and F-18 fighter aircraft. Welding provides specialty welding services and metal fabrications to the defense and commercial aerospace industry. While each of these segments service the same industries and a similar customer base, we evaluate the performance of each segment separately in deciding how to allocate resources and in accessing profitability. As discussed previously, the financial information of NTW, is only included as of the date of acquisition.  Financial information about the Company's operating segments for the years ended December 31, 2012 and 2011 are as follows:

	Year Ended December 31,
		2012			2011
AIM
	Net Sales	$	42,075,000		$	42,668,000
	Gross Profit		8,218,000			8,013,000
	Pre Tax Income		4,181,000			3,527,000
	Assets		24,673,000			27,735,000
WMI
	Net Sales		14,907,000			11,077,000
	Gross Profit		4,030,000			2,915,000
	Pre Tax Income		1,501,000			1,288,000
	Assets		10,818,000			8,028,000
NTW
	Net Sales		7,233,000			-
	Gross Profit		2,610,000			-
	Pre Tax Income		963,000			-
	Assets		14,410,000			-
Corporate
	Net Sales		-			-
	Gross Profit		-			-
	Pre Tax Loss		(2,650,000	)		(2,511,000	)
	Assets		13,200,000			7,883,000
Consolidated
	Net Sales		64,215,000			53,745,000
	Gross Profit		14,858,000			10,928,000
	Pre Tax Income		3,995,000			2,304,000
	Provision for Taxes		1,447,000			57,000
	Net Income		2,548,000			2,247,000
	Elimination of Assets		(9,945,000	)		(6,665,000	)
	Assets		53,156,000			36,981,000