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 17, 2007
                                                  ------------------------------

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


            KANSAS                       0-22760                  48-1099142
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 (State or other jurisdiction          (Commission           (IRS Identification
      of incorporation)                File Number)             Employer 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
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                                 Not Applicable
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         (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:

[  ] Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] 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.

     On December 17, 2007, Elecsys Corporation issued a press release announcing
its financial results for the second quarter ended October 31, 2007. A copy of
the press release is furnished under Item 9.01 of this Form 8-K as Exhibit 99.1.

Item 8.01      Other Events

     On December 17, 2007, Elecsys Corporation issued a press release announcing
that its Form 10-QSB for the second fiscal quarter ended October 31, 2007 will
not be filed today, but is currently expected to be filed within the next five
business days. 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 17, 2007.

                                    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 17, 2007
                                       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 17, 2007.

EX-99.1

                                                                        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:  Todd A. Daniels
          (913) 647-0158, Phone
          (913) 647-0132, Fax
          investorrelations@elecsyscorp.com


          ELECSYS CORPORATION REPORTS SECOND QUARTER FINANCIAL RESULTS

Olathe,  Kansas  (December 17, 2007) - Elecsys  Corporation  (AMEX:  ASY), today
announced its financial  results for its second fiscal quarter ended October 31,
2007, which included the results from its new Radix  Corporation  subsidiary and
the associated  costs of that  acquisition.  Elecsys  Corporation also announced
today that its Form 10-Q for its second  fiscal  quarter  ended October 31, 2007
will not be filed today,  but is currently  expected to be filed within the next
five business days. The company is deferring filing the 10-Q until it is able to
finalize  certain  pro-forma  financial  information for the period prior to its
acquisition of the assets and assumption of certain of the liabilities of Radix.
Elecsys  Corporation  also  announced the filing today of an amended Form 8-K to
reflect its conclusion that the  acquisition of the Radix assets  constitutes an
acquisition of a "significant  amount" of assets. The company expects to further
amend that Form 8-K upon completion of certain financial statements and exhibits
relating to the Radix acquisition.

Sales for the quarter were $5,602,000, an increase of $6,000 from the comparable
period  of  fiscal  2007.  The  increase  in sales  for the  quarter  was due to
substantial sales growth at NTG. Sales at NTG were $821,000, an increase of 349%
from the second quarter of the previous fiscal year. Accelerating demand for new
WatchdogCP  products  and for  communication  technology  upgrades  for existing
products were the main factors in the surge in NTG sales.  Total sales  reported
at DCI decreased approximately  $1,217,000 from the prior year period. The prior
period   included  sales  of  $1,564,000  to  the  former  Radix   International
Corporation. Sales reported at DCI no longer include sales made to our new Radix
subsidiary.  Excluding the Radix products from the comparable periods,  sales at
DCI  increased by  approximately  9% over the prior year  quarter.  Sales at the
Company's newest  subsidiary,  Radix  Corporation,  were $584,000 during the six
week period  between the  acquisition  and the end of the  quarter.  For the six
months ended October 31, 2007, sales were $10,389,000,  an increase of $931,000,
or 9.8%,  from the six months ended October 31, 2006.  Sales to Radix during the
six month period of the prior fiscal year were $1,893,000.

Gross margin was approximately  32% of sales, or $1,796,000,  for the quarter as
compared to 30% of sales, or $1,660,000, for the quarter ended October 31, 2006.
Our improvement in consolidated gross margin resulted from the increase in sales
volumes of higher margin products at NTG as well as the additional  gross margin
generated  at Radix  with its mix of  proprietary  equipment  sales and  service
contract revenues. For the six-month period ended October 31,

2007, gross margin was 32%, or $3,311,000,  compared to 31%, or $2,974,000,  for
the six-month period ended October 31, 2006.

During the quarter,  we undertook the strategic  initiative to grow our business
by  expanding  into  the  specialized  niche of  rugged  mobile  computing.  The
acquisition of the Radix business,  products,  and technology  involved  certain
one-time  expenditures  to  complete  the  transaction  and ensure a  successful
integration of the business into Elecsys. As a result,  operating income for the
quarter  was  $140,000,  a decrease  of  $350,000  as  compared  to  $490,000 of
operating  income for the same  quarter  in the prior  year.  For the  six-month
period  ended  October 31,  2007,  operating  income was $494,000 as compared to
$823,000 for the same period in the prior fiscal year.

As a result of the above,  net income was $10,000,  or $0.00 per diluted  share,
for the quarter ended October 31, 2007 as compared to net income of $241,000, or
$0.07  per  diluted  share for the  quarter  ended  October  31,  2006.  For the
six-month  period ended October 31, 2007, net income was $184,000,  or $0.05 per
fully  diluted  share as compared to $410,000,  or $0.12 per fully diluted share
for the six-month period ended October 31, 2006.

Karl B. Gemperli,  Chief Executive  Officer,  stated,  "We are extremely pleased
with the  continuing  sales growth and financial  success at NTG. We believe our
diligent  efforts  and  committed  investment  in new product  development  have
resulted in a market leading  product family with solid  prospects for continued
growth in the expanding energy  infrastructure  industries.  We believe DCI will
continue  to  exhibit  healthy  growth  as we  build  further  upon  our  stable
foundation of profitable  business." Gemperli  continued,  "We are excited about
our expansion into the rugged mobile  computing  market with the  acquisition of
Radix.  The  intimate  knowledge  of  the  Radix  product  family  gained  while
manufacturing  the products at DCI over several years,  as well as their quality
and service driven customer base, made Radix an ideal fit for Elecsys.  Although
there were significant  transaction expenses related to this initiative incurred
during  this  quarter,  we  are  confident  that  the  future  benefit  of  this
acquisition  justifies  these  investments.  The  timing of  shipments  from our
consolidated backlog, anticipated future bookings,  anticipated continued growth
in the demand for NTG's new  products,  and the  addition of Radix  Corporation,
lead us to expect continued  increases in our total  consolidated sales over the
coming  quarters.  We are proud of all the dedicated  people at Elecsys who make
our success possible."

Elecsys Corporation is a publicly traded holding company with three wholly owned
subsidiaries,  DCI,  Inc.,  NTG,  Inc.,  and  Radix  Corporation.  DCI  provides
electronic   design  and   manufacturing   services   for   original   equipment
manufacturers in the aerospace, transportation, communications, safety, security
and other  industrial  product  industries.  DCI has  specialized  expertise and
capabilities  to  integrate  custom  electronic  assemblies  with a  variety  of
innovative  display  and  interface  technologies.  NTG  designs,  markets,  and
provides remote  monitoring  solutions for the gas and oil pipeline  industry as
well as other industries that require remote monitoring. Radix develops, designs
and markets ultra-rugged handheld computers,  peripherals and portable printers.
The markets served by its products include utilities,  transportation logistics,
traffic and parking enforcement, route accounting/deliveries, and inspection and
maintenance. 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, 2007. 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,

                                         2007             2006             2007             2006
                                         ----             ----             ----             ----
Sales                                      $5,602           $5,596          $10,389            $9,458
Cost of products sold                       3,806            3,936            7,078             6,484
                                     -------------    -------------    -------------    --------------
Gross margin                                1,796            1,660            3,311             2,974

Selling, general and administrative
  expenses                                  1,656            1,170            2,817             2,151
                                     -------------    -------------    -------------    --------------

Operating income                              140              490              494               823

Financial income (expense):
  Interest expense                          (127)             (89)            (229)             (120)
  Interest income                               3                2               17                 6
                                     -------------    -------------    -------------    --------------
                                            (124)             (87)            (212)             (114)
                                     -------------    -------------    -------------    --------------

Income before income taxes                     16              403              282               709

Income tax expense                              6              162               98               299
                                     -------------    -------------    -------------    --------------

Net income                                    $10             $241             $184              $410
                                     =============    =============    =============    ==============

Net income per share information:
  Basic                                     $0.00            $0.07            $0.06             $0.13
  Diluted                                   $0.00            $0.07            $0.05             $0.12

Weighted average common shares
  outstanding:
   Basic                                    3,285            3,240            3,284             3,240
   Diluted                                  3,458            3,417            3,467             3,410