8-K

                       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          October 7, 2002 (October 3, 2002)
reported)                                      ---------------------------------


                               ELECSYS CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           KANSAS                        0-22760                48-1099142
- -------------------------------  -----------------------  ----------------------
(State or other jurisdiction           (Commission             (IRS Employer
      of incorporation)                File Number)         Identification No.)


15301 West 109th Street, Lenexa, Kansas                            66219
- --------------------------------------------------------------------------------
            (Address of principal executive offices)             (Zip Code)



Registrant's telephone number, including area code     (913) 647-0158
                                                   -----------------------------



                                 Not applicable
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

Item 5.       Other Events.

     On October 3, 2002,  Elecsys  Corporation issued a press release announcing
that its DCI subsidiary  has entered into a letter of intent to acquire  certain
assets and assume certain  liabilities of Crystaloid  Technologies,  Inc. as set
forth in the attached press release.

Item 7.        Financial Statements and Exhibits.

      (c)   EXHIBIT.  The following exhibits are filed herewith:

      99.1        Press Release dated October 3, 2002.

                                    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 hereunto duly authorized.

         Date:  October 7, 2002
                                   ELECSYS CORPORATION


                                   By:      /s/ Todd A. Daniels
              -------------------------------------------
                                       Todd A. Daniels, Vice President
                                       - Finance, DCI, Inc.

EX-99.1

PRESS RELEASE

15301 w. 109TH Street, Lenexa, KS  66219  Phone: 913-647-0158 Fax:  913-647-0132
                                          investorrelations@elecsyscorp.com

October 3, 2002

FOR IMMEDIATE RELEASE:

Contact: Michael J. Meyer
Chairman
15301 W. 109th Street
Lenexa, Kansas 66219 USA
(913) 647-0158 o FAX (913) 647-0132

ELECSYS CORPORATION ANNOUNCES INTENT TO ACQUIRE ASSETS OF
CRYSTALOID TECHNOLOGIES, INC.
- --------------------------------------------------------------------------------


Lenexa,  Kansas.  (October  3,  2002) - Elecsys  Corporation  (AMEX:  ASY) today
announced that its DCI subsidiary has entered into a letter of intent to acquire
certain assets and assume certain liabilities of Crystaloid  Technologies,  Inc.
("Crystaloid"),  a  leading  domestic  manufacturer  of  custom  liquid  crystal
displays, from Jackson Products, Inc.

Founded in 1976,  Crystaloid  helped  pioneer the  development of liquid crystal
display  technology and has grown into the largest  supplier of avionics LCDs in
North America. Serving customers in the avionics, medical, military,  industrial
and  commercial  markets,  Crystaloid  reported  over $6.0 million in revenue in
2001.

The  approximately  $1.8  million  transaction,  which calls for the purchase of
accounts  receivable,  inventory,  equipment  and all  intellectual  property of
Crystaloid, is subject to the negotiation of a definitive agreement,  completion
of due  diligence  and  approval  of the Board of  Directors  of Elecsys  and is
targeted to close in December of 2002. The purchased assets will be relocated to
the DCI facility in Lenexa,  Kansas where  employment is expected to increase by
25-40 people in 2003 as a result of the integration of Crystaloid.

"Combining  a  leading  LCD  provider  like  Crystaloid  with DCI  represents  a
significant  step in our strategic plan to increase our presence in the domestic
custom LCD  industry",  stated Michael J. Meyer,  Chairman of Elecsys.  "We look
forward to  immediately  beginning  to serve the custom  display and  electronic
manufacturing  service needs of the Crystaloid  customer base and completing the
purchase in December."

Karl B. Gemperli, President of DCI, added, "Although the revenue impact from the
acquisition of the  Crystaloid  assets will not be immediate,  this  opportunity
represents  another  advance in our strategy of growing our customer and revenue
base at DCI. In addition to starting to serve their custom  display  needs,  our
expertise in  integrating  electronic  design and  manufacturing  services  with
custom liquid crystal  displays will allow us to offer these  expanded  turn-key
services to the existing Crystaloid customer base."

Mr.  William L. Babler,  Vice President and Chief  Financial  Officer of Jackson
Products, Inc. stated, "Having enhanced Crystaloid's LCD manufacturing expertise
since JPI purchased the company, we concluded that the combination with DCI, and
its EMS  capabilities,  will provide an excellent  platform to continue to serve
the needs of the Crystaloid customers."

Elecsys Corporation, through our DCI subsidiary, provides specialized electronic
design,  manufacturing  and test  services to original  equipment  manufacturers
(OEM's) and  manufactures  and  imports  custom  liquid  crystal  display  (LCD)
devices. The electronic assemblies we design and manufacture,  including circuit
board assemblies,  electronic modules and full turn-key products, along with the
LCD's we manufacture and import, are used in medical, aerospace,  industrial and
consumer product applications.

http://www.elecsyscorp.com/

The  discussions  set forth in this press  release may  contain  forward-looking
comments  based on  current  expectations  that  involve  a number  of risks and
uncertainties.  Actual results could differ  materially  from those projected or
suggested in the forward-looking  comments.  The difference could be caused by a
number of factors, including, but not limited to the factors and conditions that
are described in Elecsys  Corporation's  SEC filings,  including the Form 10-KSB
for the year  ended  April 30,  2002.  The  reader  is  cautioned  that  Elecsys
Corporation  does not have a policy  of  updating  or  revising  forward-looking
statements  and thus he or she should not assume that silence by  management  of
Elecsys  Corporation  over time means that  actual  events  are  bearing  out as
estimated in such forward-looking statements.