Exhibit 99.2

EDAC TECHNOLOGIES CORPORATION
UNAUDITED PRO-FORMA CONSOLIDATED STATEMENT of OPERATIONS
For the Fiscal Year Ended January 3, 2009

Introduction

     On May 27, 2009, EDAC Technologies Corporation (“EDAC”) acquired certain assets and assumed certain liabilities of the MTU Aero North America, Inc. – Manufacturing Business Unit. The purchase price of $9.5 million was funded by a 5-year term note in the amount of $4,360,000 and a 10-year mortgage in the amount of $2,640,000. EDAC fixed the interest rates at 5.8% and 6.1% for the term note and mortgage, respectively. EDAC also issued a $2.5 million secured promissory note to the seller, due on May 27, 2012, with interest payable quarterly at 5% per annum. EDAC determined the purchase to be a bargain purchase as defined within Statement of Financial Accounting Standards No. 141(R), “Business Combinations”, as the net fair value of the assets acquired and liabilities assumed exceeded the purchase price. As a result, based on the preliminary information available, EDAC has recognized a gain of $11.7 million, after acquisition expenses, as a result of the bargain purchase.

     The unaudited pro forma consolidated financial statements include all material pro forma adjustments necessary for their preparation, as required by Article 11 of Regulation S-X and, accordingly, do not assume any benefits from cost savings or synergies of operations of the combined company.

     The pro forma adjustments are based upon available information and certain assumptions that management believes are reasonable. The unaudited pro forma financial statements do not purport to represent what EDAC’s financial condition or results of operations would actually have been had these transactions in fact occurred as of the dates indicated above or to project EDAC’s results of operations for the period indicated or for any other period.

		FISCAL YEAR
		EDAC				AERO				Pro-Forma
		2008				2008				Adjustments				Pro Forma
Sales		$	44,676,668			$	20,617,257			$ (1)	(186,283	)		$	65,107,642
										(1)	(186,283	)
Cost of Sales			38,804,956				22,991,503			(2)	(1,157,280	)			60,452,896
Gross Profit			5,871,712				(2,374,246	)			1,157,280				4,654,746
Selling, General and Administrative Expenses			3,491,820				3,156,301								6,648,121
Income (Loss) from Operations			2,379,892				(5,530,547	)			1,157,280				(1,993,375	)
Non-Operating Income (Expense):
Interest Expense			(630,913	)			(525,389	)		(3)	(529,000	)			(1,685,302	)
Other			72,665				334,620								407,285
Income (Loss) before Provision For (Benefit from) Income Taxes			1,821,644				(5,721,316	)			628,280				(3,271,392	)
Provision (Benefit) for Income Taxes			683,286				—			(4)	(1,910,058	)			(1,226,772	)
Net Income (Loss)		$	1,138,358			$	(5,721,316	)		$	2,538,338			$	(2,044,620	)
Basic Income (Loss) Per Common Share:		$	0.24											$	(0.43	)
Diluted Income (Loss) Per Common Share:		$	0.23											$	(0.43	)

EDAC TECHNOLOGIES CORPORATION
UNAUDITED PRO-FORMA CONSOLIDATED STATEMENT of OPERATIONS
For the Three Months Ended April 4, 2009

		Historical								Adjustments				Total
						AERO				Pro-Forma				Pro-Forma
		EDAC				ACTUAL				Adjustments				Total
Sales		$	9,583,775			$	5,854,429	(1)		$	(26,856	)		$	15,411,348
Cost of Sales			8,503,339				5,191,409	(1)			(26,856	)			13,667,892
Gross Profit			1,080,436				663,020				—				1,743,456
Selling, General, and Administrative Expenses			861,256				588,226								1,449,482
Income from Operations			219,180				74,794				—				293,974
Non-Operating Income/(Expense):
Interest Expense			(139,842	)			(92,113)	(3)			(135,250	)			(367,205	)
Other			6,875				292,081								298,956
Income Loss before Provision For (Benefit from) Income taxes			86,213				274,762				(135,250	)			225,725
Provision for (benefit from) income taxes			29,800				—	(4)			46,043				75,843
Net Income (Loss)		$	56,413			$	274,762			$	(181,293	)		$	149,882
Basic Income per Common Share:		$	0.01											$	0.03
Diluted Income per Common share:		$	0.01											$	0.03

EDAC TECHNOLOGIES CORPORATION
Unaudited Pro-Forma Consolidated Balance Sheet
As of April 4, 2009

		Historical								Consolidated
		EDAC				AERO				Adjustments				Pro-Forma
ASSETS
CURRENT ASSETS:
Cash		$	657,791			$	220,507	(7)		$	(220,507	)		$	657,791
Accounts receivable (net of allowance for for doubtful accounts)			7,107,831				3,688,061	(5)			(26,856	)			10,769,036
Inventories, net			9,130,132				9,641,949								18,772,081
Prepaid expenses and other current assets			227,200				292,446								519,646
Refundable income taxes			161,708												161,708
Deferred income taxes			983,298												983,298
Total current assets			18,267,960				13,842,963				(247,363	)			31,863,560
PROPERTY, PLANT AND EQUIPMENT, at cost:			35,423,794				29,130,922	(6)			(17,237,636	)			47,317,080
Less: accumulated depreciation			24,329,100				19,687,328	(6)			(19,687,328	)			24,329,100
			11,094,694				9,443,594	(6)			2,449,692				22,987,980
DEFERRED INCOME TAXES			95,971												95,971
OTHER ASSETS:
Other			37,127												37,127
Deposits on machinery			1,754,800												1,754,800
			1,791,927				—				—				1,791,927
TOTAL ASSETS		$	31,250,552			$	23,286,557			$	2,202,329			$	56,739,438
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Equipment line of credit		$	2,448,490			$				$				$	2,448,490
Current portion of long-term debt			2,110,318												2,110,318
Trade accounts payable			2,816,566				2,621,088	(5)			(26,856	)			5,410,798
Employee compensation and amounts withheld			1,264,594												1,264,594
Accrued expenses			341,646				2,767,089								3,108,735
Customer advances			289,747				461,120								750,867
Due to MTU Munich			—				17,420,373	(7)			(17,420,373	)			—
Total current liabilities			9,271,361				23,269,670				(17,447,229	)			15,093,802
LONG-TERM DEBT, less current portion			4,503,139					(8)			9,500,000				14,003,139
OTHER LIABILITIES			1,698,233												1,698,233
COMMITMENTS AND CONTINGENCIES			—				—								—
SHAREHOLDERS’ EQUITY:
Common Stock			12,063												12,063
Additional paid-in capital			10,989,549												10,989,549
Retained earnings			7,215,013				16,887	(9)			10,149,558				17,381,458
			18,216,625				16,887				10,149,558				28,383,070
Less: accumulated other comprehensive loss			2,438,806												2,438,806
Total shareholders’ equity			15,777,819				16,887				10,149,558				25,944,264
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$	31,250,552			$	23,286,557			$	2,202,329			$	56,739,438

EDAC Technologies Corporation
Notes to Unaudited Pro-Forma Consolidated Financial Statements

The following numbered notes are referenced on the Unaudited Pro-Forma Consolidated Balance Sheet and Consolidated Statements of Operations. These unaudited pro-forma consolidated statements include historical balances for EDAC as of and for the fiscal quarter ended April 4, 2009 and for the fiscal year ended January 3, 2009 and the historical balances for AERO as of and for the quarter ended March 31, 2009 and the year ended December 31, 2008. The unaudited pro-forma consolidated financial statements are based upon the EDAC historical financial statements that were filed with the SEC in the EDAC Form 10-K on March 11, 2009, the EDAC Form 10-Q filed with the SEC on April 30, 2009, and the historical financial statements for AERO filed with the SEC in Form 8-K/A on August 12, 2009, adjusted to give effect to the following items:

1. Elimination of sales transactions between EDAC and AERO.

2. For the fiscal year 2008 depreciation expense for AERO was $2,124,049. Much of the machinery and equipment was nearing the end of their depreciable lives due to MTU’s acquisition of the Company in 2001, causing the depreciation expense to remain high and causing the Net Plant, Property and Equipment to be below current appraisal value. Reflecting the purchase by EDAC, the pro-forma book value of the fixed assets as of the fiscal year ended 2008 was increased to reflect appraisal values as shown in the table below. This and EDAC’s use of 10 year lives for machinery and equipment and 25 years for buildings, which in many instances is longer than the life used by AERO, resulted in depreciation expense of $966,769, a reduction of $1,157,380.

For the three month unaudited period ended April 4, 2009, the required depreciation adjustment was a reduction of $289,320 and was combined with an adjustment to the depreciation expense in the amount of an additional $407,228 included in the unaudited Historical Cost of Sales and included in that Historical column, since the depreciation expense on certain assets that had inappropriately been written off, but subsequently adjusted for as part of the audit, had not been recorded by MTU.

3. Interest expense on the debt used to acquire AERO. EDAC borrowed $9.5 million in total, $7 million from their bank and $2.5 million from MTU. Interest was $529,000 and $135,250 for the fiscal year-ended January 3, 2009 and the three-month period ended April 4, 2009, respectively.

4. Consideration for income taxes utilizing the tax rate that was applicable to EDAC for each period presented. The rates used were 37.5% and 33.6% for the fiscal year-ended January 3, 2009 and the three-month period ended April 4, 2009. The tax expense (benefit) was $(1,910,058) and $46,043 for the fiscal year-ended January 3, 2009 and the three-month period ended April 4, 2009, respectively.

5. The elimination of accounts receivable and accounts payable on EDAC’s and Aero’s books of $26,856 as of April 4, 2009.

6. Net Property and Equipment in the Pro-Forma Balance sheet adjusted as if the transaction had occurred as of the April 4, 2009 Balance Sheet date, were adjusted to reflect appraisal values as shown in the following table:

7. The amounts Due to MTU Munich of $17,420,373 and Cash of $220,507 were eliminated as of April 4, 2009.

8. The debt ($9.5 million) taken on by EDAC for the purchase of AERO was added.

9. Fair value of assets and liabilities acquired and calculation of the gain on the bargain purchase as if the transaction had occurred on the pro-forma balance sheet date, are as follows:

Accounts receivable		$	3,661,205
Inventories			9,641,949
Prepaid expenses			292,446
Property, plant and equipment			11,893,286
Accounts payable			(2,594,232	)
Accrued expenses			(3,228,209	)
Total fair value			19,666,445
Purchase price			9,500,000
Gain on bargain purchase		$	10,166,445

The $10,166,445 gain on purchase price is reflected in the April 4, 2009 Balance Sheet as an adjustment of $10,149,558 to the retained earnings amount of $16,887. The gain reflected on the pro-forma balance sheet is calculated as if the transaction had occurred as of the pro-forma balance sheet date and therefore, is different than the $11.7 million gain that was realized by the Company.

The unaudited pro-forma consolidated balance sheet as of April 4, 2009 gives effect to the transactions described above as if they occurred as of that date and the unaudited consolidated statements of operations for the fiscal year ended January 3, 2009 and the three months ended April 4, 2009 give effect to the transactions described above as if they occurred at the beginning of the respective periods.