8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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) September 15, 2008
BUTLER NATIONAL CORPORATION (Exact Name of Registrant as Specified in its Charter)
Kansas (State or Other Jurisdiction of Incorporation)
0-1678 (Commission File Number)	41-0834293 (IRS Employer Identification No.)
19920 W. 161st Street, Olathe, Kansas (Address of Principal Executive Offices)	66062 (Zip Code)
913-780-9595 (Registrant's Telephone Number, Including Area Code)
Not Applicable (Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02	Results of Operations and Financial Condition
Item 8.01	Other Events
Item 9.01	Financial Statements and Exhibits
Exhibit 99	Press release announcing first quarter financial results and conference call.
On September 15, 2008 Butler National Corporation issued a press release announcing first quarter and fiscal year end 2009 financial results and conference call. A copy of the press release is attached as an exhibit to this Report on Form 8-K. See attached Exhibit 99.

SIGNATURES
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.
	BUTLER NATIONAL CORPORATION (Registrant)
September 15, 2008 Date	/S/ Clark D. Stewart Clark D. Stewart (President and Chief Executive Officer)
September 15, 2008 Date	/S/ Angela D. Shinabargar Angela D. Shinabargar (Chief Financial Officer)

EX-99

PRESS RELEASE FOR IMMEDIATE RELEASE						September 15, 2008
BUTLER NATIONAL CORPORATION ANNOUNCES FIRST QUARTER FINANCIAL RESULTS AND CONFERENCE CALL Revenue Increases 11%; Net Income Increases 37%
OLATHE, KANSAS, September 15, 2008, - Butler National Corporation (OTC Bulletin Board BUKS), a leading manufacturer and provider of support systems for "Classic" commercial and military aircraft, announces its financial results for the first quarter fiscal 2009 for the period ended July 31, 2008.  In conjunction with the release, the Company has scheduled a conference call Monday, September 22, 2008 at 9:00 AM Central Daylight Time. What: Butler National Corporation First Quarter Fiscal 2009 Financial Results Conference Call When: Monday, September 22, 2008 - 9:00 AM Central Daylight Time How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation.  Participants to the conference call should call in at least 5 minutes prior to the start time. Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the first quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2009.
Historical selected financial data related to all operations:
		Quarter Ended July 31							Quarter Ended April 30
		(In thousands except per share data)							(In thousands except per share data)
		2009		2008			2007		2008		2007		2006
	Net Sales	$	5,204	$	4,707		$	3,076	$	4,446	$	3,906	$	3,072
	Operating Income		656		410			164		1,015		627		187
	Net Income		318		232			44		662		415		15
	Total Assets		32,464		19,878			18,092		27,104		20,445		18,138
	Long-term Obligations		6,276		2,426			1,759		6,416		2,521		1,844
	Shareholders' Equity		12,509		10,879			9,873		12,190		10,648		9,829
	New Product Research and Development Cost		620		570			499		520		439		416
	nr = not reported

Management Comments:

"Our sales for the fiscal quarter-ended July 31, 2008, increased 11% to $5.2 million as compared to $4.7 million for the same period in fiscal 2008.  Net income increased 37% to $318,000 as compared to $232,000 for the same period in fiscal 2008. We continue our efforts to improve the profitability in the delivery of high-value "Classic Aviation" products.

We expensed $620,000, 12% of our sales, on product development. We feel this expenditure for the design and development engineering, testing, and certification of new products may stabilize our long-term revenues and enhance our profits.

Sales from Aircraft Modifications including modified aircraft increased $1.5 million (81.9%) from $1.9 million in the first quarter of fiscal year 2008 to $3.4 million in the current three months of fiscal 2009. 

Sales from Avionics decreased 47.5%, from $1.7 million in first quarter of fiscal 2008, to $871,000 in the current three months of fiscal 2009.  Operating profits decreased from $516,000 for the three months ended July 31, 2007 to a loss of $41,000 for the three months ended July 31, 2008. This decrease in operating profit is related to additional material cost, material spoilage, additional labor requirements and rework labor costs on a major build-to-print contract. This contract was started in fiscal 2007 and is expected to be completed during the next quarter with less of an impact on operating profit. Management expects this business segment to increase in the future due to additions of new fuel system protection devices like the TSD, GFI, and other classic aviation defense products.

Monitoring sales decreased from $91,000 (19.2%) from $472,000 in first quarter of fiscal 2008 to $381,000 in the current three months of fiscal 2009.  During the three months ended July 31, 2008, we maintained a relatively level volume of long-term contracts with municipalities.  We had decreased revenues due to budget cuts faced by the municipalities resulting from the decrease in property taxes in the State of Florida. We anticipate the revenues from additional lift station rehabilitations to resume and generate additional revenue over the next four years.

Revenues from management services related to gaming increased 13.9% from $351,000 for the three months ended July 31, 2007 compared to $400,000 for the three months ended July 31, 2008. Sales continue to have stability due to the addition of Class III casino gaming in Oklahoma.

As of September 1, 2008, our backlog is in excess of $7.0 million. This backlog reflects our product development efforts and the related potential results. Our challenge is to ship the backlog and further take advantage of these new products. However, because of our major investment in product development required to continue these new products, we may not always maintain smooth and continuous quarterly profits.

The Company remains well-positioned to grow and continue to increase revenue and income in the coming years. We continue into fiscal 2009 with the goal of improving shareholder value," commented Clark D. Stewart, President of the Company.

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments.  The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing/Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Hawker/Beechcraft business aircraft.  Services include electronic monitoring of water pumping stations, temporary employee services, Indian gaming services and administrative management services.

FOR MORE INFORMATION, CONTACT:

Craig D. Stewart, Investor Relations
Butler National Corporation
19920 W. 161^st Street
Olathe, KS 66062

Jim Drewitz, Public Relations
jim@jdcreativeoptions.com

Ph (214) 498-7775
Fax (913) 780-5088



Ph (830) 669-2466

Forward-Looking Information:The information set forth above may include "forward-looking" information as outlined in the Private Securities Litigation Reform Act of 1995. The Cautionary Statements and Risk Factors, filed by the Company as Exhibit 99 to the Company's Annual Report on Form 10-K and Section 1A of Form 10-K, are incorporated herein by reference and investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.