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):          November 11, 2003
                                                      --------------------------

                         Aero Systems Engineering, Inc.
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             (Exact name of registrant as specified in its charter)


           Minnesota              0-7390                    41-0913117
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(State or other jurisdiction   (Commission              (I.R.S. Employer
 of incorporation)              File Number)             Identification No.)


   358 E. Fillmore Avenue, St. Paul, Minnesota                55107
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(Address of principal executive offices)                    (Zip Code)


Registrant's telephone number, including area code:  (651) 227-7515
                                                     ---------------------------

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











                         AERO SYSTEMS ENGINEERING, INC.

                                      INDEX
                                       TO
                                 CURRENT REPORT
                                       ON
                                    FORM 8-K





Item Number                                                                                    Page
-----------
                                                                                            


Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.                      3

Item 12. Results of Operations and Financial Condition.                                          3



Signatures.                                                                                      3

Exhibits Index.                                                                                  4




           (The remainder of this page was intentionally left blank.)









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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

         (a) Not required.

         (b) Not required.

         (c) The following exhibit is being filed as part of this Current Report
             on Form 8-K:

             99.1 Press release dated November 11, 2003


ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On November 11, 2003, Aero Systems Engineering, Inc. issued a press release
announcing Third Quarter 2003 Results and a Recent Order. A copy of the press
release is filed herewith as Exhibit 99.1 and incorporated herein by reference


SIGNATURES

         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.


Dated:  November 11, 2003                         Aero Systems Engineering, Inc.


                                                  By:   /s/ Steven R. Hedberg
                                                     ---------------------------
                                                     Steven R. Hedberg
                                                     CFO, Secretary & Treasurer





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                                  EXHIBIT INDEX



Exhibit Number                        Description
--------------                        -------------------------------------
99.1                                  Press Release Dated November 11, 2003














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