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)         January 28, 2004
                                       -----------------------------------------



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


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


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



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



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

Item 5.        Other Events

On January 28, 2004, Elecsys Corporation announced it had received notification
from the American Stock Exchange approving a plan to comply with its listing
qualifications. The public announcement was made by means of a press release,
the text of which is set forth in Exhibit 99.1 hereto.

Item 7.         Financial Statements and Exhibits.

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

      99.1        Press Release dated January 28, 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 hereunto duly authorized.

      Date:  January 28, 2004
                                          ELECSYS CORPORATION


                                          By:  /s/ Todd A. Daniels
                                              --------------------------------
                                             Todd A. Daniels
                                             Chief Financial Officer (Principal
                                             Financial Officer and Principal
                                             Accounting Officer)

EX-99

NEWS RELEASE

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


FOR IMMEDIATE RELEASE:

Contact:          Karl B. Gemperli
                  (913) 647-0158, Phone
                  (913) 647-0132, Fax
                  investorrelations@elecsyscorp.com

ELECSYS CORPORATION RECEIVES NOTIFICATION FROM AMERICAN STOCK EXCHANGE ACCEPTING
PLAN TO COMPLY WITH LISTING QUALIFICATIONS

Lenexa, Kansas (January 28, 2004) - Elecsys Corporation (AMEX: ASY), today
announced an update regarding the notice it received on October 27, 2003 from
the American Stock Exchange (the "Amex" or "Exchange") Staff indicating that the
Company is below certain of the Exchange's continued listing standards.
Specifically, the Company does not meet Amex Company Guide Section 1003(a)(ii)
because it has shareholders' equity of less than $4,000,000 and losses from
continuing operations and/or net losses in three of its four most recent fiscal
years. Also, the Company does not meet Section 1003(a)(iii) because it has
shareholders' equity of less than $6,000,000 and losses from continuing
operations in its five most recent fiscal years. The Company was afforded the
opportunity to submit a plan of compliance to the Exchange and on November 25,
2003 presented its plan to the Exchange. On January 23, 2004 the Exchange Staff
notified the Company that it accepted the Company's plan of compliance and
granted the Company an extension of time to pursue its plan and regain
compliance with the current listing standards. The Company will be subject to
periodic review by Exchange Staff during the extension period. Failure to make
progress consistent with the plan or to regain compliance with the continued
listing standards by the end of the extension period could result in the Company
being delisted from the American Stock Exchange.

Elecsys Corporation, through its wholly owned subsidiary DCI, Inc. ("DCI"), is a
designer, manufacturer, and integrator of custom electronic interface solutions
for original equipment manufacturers ("OEMs") in the medical, aerospace,
communications, and industrial product industries. The Company has unique
capabilities to design and efficiently manufacture custom electronic assemblies
which integrate a variety of interface technologies such as custom liquid
crystal displays, light emitting diode displays, and keypads with circuit boards
and other electronic components. The Company becomes an extension of the OEM's
organization by providing key expertise that enables rapid development and
manufacture of electronic products from product conception through volume
production. For more information, visit our websites at www.elecsyscorp.com and
www.dciincorporated.com.

Safe-Harbor statement: The discussions set forth in this news 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 most recent fiscal year. Additional risks and
uncertainties include Elecsys Corporation's ability to maintain listing of its
securities on the American Stock Exchange. 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.