8-K

                                  UNITED STATES
                       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 reported)        December 11, 2006
                                                --------------------------------

                               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.)


         846 N. Mart-Way Court, Olathe, Kansas                      66061
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       (Address of principal executive offices)                   (Zip Code)



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



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

Item 2.02   Results of Operations and Financial Condition.

     On December 11, 2006, Elecsys Corporation issued a press release announcing
its financial results for the quarter ended October 31, 2006. A copy of the
press release is furnished under Item 9.01 of this Form 8-K as Exhibit 99.1.

Item 9.01   Financial Statements and Exhibits.

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

          99.1     Press Release dated December 11, 2006.

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:  December 11, 2006          ELECSYS CORPORATION


                                       By:  /s/ Todd A. Daniels
                                          --------------------------------------
                                          Todd A. Daniels
                                          Vice President and Chief Financial
                                          Officer

                                  EXHIBIT INDEX



Exhibit Number                                    Description
- --------------                  ------------------------------------------------
     99.1                             Press release dated December 11, 2006

EX-99

                                                                    Exhibit 99.1

                                  NEWS RELEASE
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846 N. Mart-Way Court, Olathe, Kansas 66061   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 REPORTS SECOND QUARTER FINANCIAL RESULTS

Olathe, Kansas (December 11, 2006) - Elecsys Corporation (AMEX: ASY), today
announced its financial results for the second quarter ended October 31, 2006.

Sales for the quarter were $5,596,000, an increase of $2,050,000, or 58%, from
the comparable period of fiscal 2006. For the six months ended October 31, 2006,
sales were $9,458,000, an increase of $2,432,000, or 35%, from the six months
ended October 31, 2005. Total backlog at October 31, 2006 was $10,709,000, an
increase of $253,000, or 2%, from a total backlog of $10,456,000 on October 31,
2005 and a decrease of $1,602,000 from a total backlog of $12,311,000 on July
31, 2006.

Gross margin was approximately 30% of sales, or $1,660,000, for the quarter as
compared to 33% of sales, or $1,167,000, for the quarter ended October 31, 2005.
For the six-month period ended October 31, 2006, gross margin was 31%, or
$2,974,000, compared to 31%, or $2,190,000, for the six-month period ended
October 31, 2005.

Operating income for the quarter was $490,000, an increase of 65% as compared to
$297,000 for the same quarter in the prior year. For the six-month period ended
October 31, 2006, operating income was $823,000, or 90% higher, as compared to
$434,000 for the same period in the prior fiscal year.

As a result of the above, net income was $241,000, or $0.07 per diluted share,
for the quarter ended October 31, 2006 after deducting $162,000 for income tax
expense. For the quarter ended October 31, 2005 net income was $257,000, or
$0.08 per diluted share, and did not include any income tax expense for the
period. For the six-month period ended October 31, 2006, net income was
$410,000, or $0.12 per fully diluted share, including $299,000 of income tax
expense, as compared to $371,000, or $0.11 per fully diluted share, with no
income tax expense, for the six-month period ended October 31, 2005.

The increase in sales for the quarter was due to both new and existing customer
orders at DCI, including a significant increase in sales to one of our newer
customers to help them meet the requirements of a certain contract. Sales at NTG
decreased 36% from the second quarter of the previous fiscal year as a result of
fewer unit shipments during the period slightly offset by an increase in
recurring messaging services revenue, which grew by 26% over the comparable
period. Our improvement in gross margin dollars resulted from the increase in
sales volumes while overall product mix led to a slight decrease in gross margin
percentage. Considering the timing of shipments from orders in backlog, we
expect DCI sales volumes over the next few quarters to be higher than in
previous comparable periods. Sales at NTG are expected to be higher over the
next few quarters as compared to the current quarter. Thereafter, NTG sales are
expected to show steady growth as new products are brought to the market and our
increased marketing efforts are anticipated to show increases in backlog and
product sales. However, total sales for the remaining two quarters of the fiscal
year may be slightly lower than the sales volumes achieved in this last
three-month period.

         Karl B. Gemperli, Chief Executive Officer, stated, "We are pleased to
report the results of the second quarter and are proud of the growth we have
shown relative to last year. Our strong revenue growth and increased gross
margin dollars is a testament to the efforts of our people to continuously
enhance our operations. Even with additional one-time relocation expenses from
the move to our new state-of-the-art manufacturing facility and the full effect
of income taxes, our resulting year-to-date net income compares favorably with
the previous year. We will continue to make prudent long-term investments in all
areas of our business in order to realize the additional business prospects in
front of us."

Elecsys Corporation is a publicly traded holding company with two wholly owned
subsidiaries, DCI, Inc. and NTG, Inc. DCI designs, manufactures, and integrates
custom electronic interface solutions for original equipment manufacturers in
the medical, aerospace, communications, industrial product, and other
industries. DCI has specialized 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. NTG
designs, markets, and provides remote monitoring solutions for the gas and oil
pipeline industry as well as other industries requiring remote monitoring
solutions. For more information, visit our website at www.elecsyscorp.com.

Safe-Harbor statement: 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, 2006. 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.

                      Elecsys Corporation and Subsidiaries
                      Consolidated Statements of Operations
                      (In thousands, except per share data)
                                   (Unaudited)

                                         Three Months Ended                  Six Months Ended
                                             October 31,                        October 31,
                                        2006             2005             2006             2005
                                        ----             ----             ----             ----
Sales                                     $5,596           $3,546           $9,458            $7,026
Cost of products sold                      3,936            2,379            6,484             4,836
                                    -------------    -------------    -------------    --------------
Gross margin                               1,660            1,167            2,974             2,190

Selling, general and administrative
  expenses                                 1,170              870            2,151             1,756
                                    -------------    -------------    -------------    --------------

Operating income                             490              297              823               434

Financial income (expense):
  Interest expense                          (89)             (41)            (120)              (65)
  Interest income                              2                1                6                 2
                                    -------------    -------------    -------------    --------------
                                            (87)             (40)            (114)              (63)
                                    -------------    -------------    -------------    --------------

Income before income taxes                   403              257              709               371

Income tax expense                           162               --              299                --
                                    -------------    -------------    -------------    --------------

Net income                                  $241             $257             $410              $371
                                    =============    =============    =============    ==============

Net income per share information:
  Basic                                    $0.07            $0.08            $0.13             $0.11
  Diluted                                  $0.07            $0.08            $0.12             $0.11

Weighted average common shares
  outstanding:
   Basic                                   3,240            3,240            3,240             3,240
   Diluted                                 3,417            3,391            3,410             3,390