UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10 - Q


(Mark One)

_X_  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

                    For the quarterly period ended March 31, 2010


___  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

                    For the transition period from__________to____________

                    _______Commission File No. 0-2892


THE DEWEY ELECTRONICS CORPORATION

A New York Corporation

I.R.S. Employer Identification
No. 13-1803974

27 Muller Road
Oakland, New Jersey 07436
(201) 337-4700

Indicate by check mark whether the registrant has(1) filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.  YES_X_ NO___

Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive Data File
required to be submitted and posted pursuant to Rule 405 of Regulation S-T
(ss232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such
files).  YES X   No ___

Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See the definitions of "large accelerated filer", "accelerated
filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer__ ___           Accelerated filer _____

Non-accelerated filer _____          Smaller reporting company__X_
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).                             YES___ NO_X_

                                       1



APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:  1,362,031 at May 13, 2010.



                                    2



THE DEWEY ELECTRONICS CORPORATION


INDEX

                                                                 Page No.

Part I  Financial Information

Item 1.  Condensed Financial Statements

         Condensed Balance Sheets -
         March 31, 2010(unaudited) and June 30, 2009                 4

         Condensed Statements of Operations -
         Three and Nine-months Ended March 31, 2010
         and 2009 (unaudited)                                        5

         Condensed Statements of Cash Flows for
         the Nine-months Ended March 31, 2010
         and 2009 (unaudited)                                        6

         Notes to Condensed Financial Statements (unaudited)         7

Item 2.  Management's Discussion and Analysis of
         Financial Condition and Results of
         Operations                                                 13

Item 4T. Controls and Procedures                                    22

Part II  Other Information


Item 2.   Unregistered Sales of Equity Securities and Use
          of Proceeds                                             23

Item 4.   Submission of Matters to a Vote of Security
          Holders                                                 23

Item 5.   Other Information                                       23

Item 6.   Exhibits                                                23


                                       3




PART I:  FINANCIAL INFORMATION

ITEM 1.CONDENSED FINANCIAL STATEMENTS

THE DEWEY ELECTRONICS CORPORATION
CONDENSED BALANCE SHEETS

                                            MARCH 31,      JUNE 30,
                                              2010           2009
ASSETS:                                    (unaudited)
CURRENT ASSETS:
  CASH AND CASH EQUIVALENTS               $  1,201,251    $  518,600
  ACCOUNTS RECEIVABLE                          536,485       984,711
  INVENTORIES                                1,181,845       775,321
  CONTRACT COSTS AND RELATED ESTIMATED
    PROFITS IN EXCESS OF BILLINGS               69,087     1,398,385
  PREPAID EXPENSES AND OTHER CURRENT
    ASSETS                                      61,525        50,662
                                           ___________    __________

      TOTAL CURRENT ASSETS                   3,050,193     3,727,679
                                           ___________    __________

PLANT, PROPERTY AND EQUIPMENT:
  LAND AND IMPROVEMENTS                        651,015       651,015
  BUILDING AND IMPROVEMENTS                  1,885,653     1,885,653
  MACHINERY AND EQUIPMENT                    3,206,756     3,227,794
  FURNITURE AND FIXTURES                       237,168       235,777
                                           ___________    __________
                                             5,980,592     6,000,239
Less accumulated depreciation                5,053,735     5,001,465
                                           ___________    __________
                                               926,857       998,774
                                           ___________    __________

DEFERRED COSTS                                  65,095        65,095
                                           ___________    __________

TOTAL ASSETS                              $4,042,145    $4,791,548
                                          ==========    ==========


LIABILITIES AND STOCKHOLDERS' EQUITY:
CURRENT LIABILITIES:
  TRADE ACCOUNTS PAYABLE                    $306,876      $765,251
  CUSTOMER DEPOSITS                            9,000            --
  ACCRUED EXPENSES AND OTHER LIABILITIES     274,825       267,340
  ACCRUED COMPENSATION AND BENEFITS
     PAYABLE                                 152,395       223,913
  ACCRUED PENSION COSTS                       48,559        59,439
                                          __________    __________
    TOTAL CURRENT LIABILITIES                791,655     1,315,943
                                          __________    __________

LONG-TERM PENSION LIABILITY                  352,095       352,095
                                          __________    __________


STOCKHOLDERS' EQUITY:
  Preferred stock, par value $1.00;
    authorized  250,000 shares, issued
    and outstanding-none,                        --             --
  Common stock, par value $.01;
    authorized 3,000,000 shares; issued
    1,693,397 at March 31, 2010 and
    June 30, 2009                            16,934         16,934
  ADDITIONAL PAID-IN CAPITAL              2,820,950      2,818,589
  RETAINED EARNINGS                         740,871        968,347
  ACCUMULATED OTHER COMPREHENSIVE LOSS     (193,332)      (193,332)
                                         __________    ___________
                                          3,385,423      3,610,538
LESS: TREASURY STOCK 331,366 SHARES
   at cost                                 (487,028)      (487,028)
                                         __________    ___________

  TOTAL STOCKHOLDERS' EQUITY              2,898,395      3,123,510
                                         __________    ___________
TOTAL LIABILITIES AND STOCKHOLDERS'
   EQUITY                                $4,042,145     $4,791,548
                                         ==========     ==========

SEE ACCOMPANYING NOTES TO CONDENSED FINANCIAL STATEMENTS

                                 4








THE DEWEY ELECTRONICS CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
(UNAUDITED)


                         THREE-MONTHS ENDED     NINE-MONTHS ENDED
                              MARCH 31,             MARCH 31,
                          2010        2009         2010        2009

REVENUES               $1,243,986  $3,195,421   $5,983,893  $8,399,681

COST OF REVENUES        1,020,251   2,675,717    4,962,638   6,531,729
                       __________   _________   __________  __________

GROSS PROFIT              223,735     519,704    1,021,255   1,867,952

SELLING,GENERAL &
  ADMINISTRATIVE          398,018     558,712    1,239,891   1,523,865
                        _________   _________   __________  __________

OPERATING INCOME/(LOSS)  (174,283)    (39,008)    (218,636)    344,087

   INTEREST EXPENSE            --          --        1,387          --

   OTHER (EXPENSE)- NET    (2,650)     (1,372)      (7,453)     (5,394)
                        _________   _________    _________  __________

INCOME/(LOSS) BEFORE
  INCOME TAXES           (176,933)    (40,380)    (227,476)    338,693

PROVISION FOR INCOME TAX       --          --           --          --
                         ________   _________    _________  __________

NET INCOME/(LOSS)       $(176,933)  $ (40,380)   $(227,476) $  338,693
                        =========   =========    =========  ==========




NET INCOME/(LOSS) PER
  COMMON SHARE-BASIC     $ (0.13)    $ (0.03)    $ (0.17)    $ 0.25
NET INCOME/(LOSS) PER
  COMMON SHARE-DILUTED   $ (0.13)    $ (0.03)    $ (0.17)    $ 0.25

WEIGHTED AVERAGE NUMBER
  OF SHARES
  OUTSTANDING:
   BASIC                 1,362,031  1,362,031  1,362,031  1,362,031
   DILUTED               1,362,031  1,362,031  1,362,031  1,363,511

SEE ACCOMPANYING NOTES TO CONDENSED FINANCIAL STATEMENTS

                                   5
THE DEWEY ELECTRONICS CORPORATION
CONDENSED STATEMENTS OF CASH FLOWS
(UNAUDITED)
                                           NINE-MONTHS ENDED
                                               MARCH 31,
                                        2010          2009

CASH FLOWS FROM OPERATING
  ACTIVITIES
NET INCOME/(LOSS)                      $(227,476)    $338,693
                                       _________    _________
ADJUSTMENTS TO RECONCILE NET
  INCOME/(LOSS) TO NET CASH
  PROVIDED BY OPERATING ACTIVITIES:
   DEPRECIATION                           78,978       82,139
   STOCK OPTION COMPENSATION EXPENSE       2,361        1,911
   GAIN ON SALE OF EQUIPMENT              (2,500)          --
   REDUCTION OF ALLOWANCE FOR
     DOUBTFUL ACCOUNTS                        --      (23,815)
   DECREASE IN ACCOUNTS RECEIVABLE       448,226      172,956
   (INCREASE) IN INVENTORIES            (406,524)     (63,123)
   DECREASE IN CONTRACT COSTS &
     RELATED ESTIMATED PROFITS IN
     EXCESS OF BILLINGS                1,329,298       65,909
   (INCREASE)/DECREASE IN PREPAID
      EXPENSES AND OTHER CURRENT
      ASSETS                             (10,863)      24,942
   INCREASE IN CUSTOMER DEPOSITS           9,000           --
   (DECREASE) IN ACCOUNTS PAYABLE       (458,375)    (163,591)
   (DECREASE) IN ACCRUED EXPENSES
     AND OTHER LIABILITIES               (64,033)    (181,091)
   (DECREASE) IN ACCRUED PENSION COSTS   (10,880)     (37,272)
                                       _________   __________
   TOTAL ADJUSTMENTS                     914,688     (121,035)
                                       _________   __________

NET CASH PROVIDED BY OPERATING
  ACTIVITIES                             687,212      217,658
                                       _________   __________

CASH FLOWS FROM INVESTING ACTIVITIES:
  EXPENDITURES FOR PROPERTY AND
  EQUIPMENT                              (15,061)     (38,017)
  PROCEEDS FROM SALE OF EQUIPMENT         10,500           --
                                       _________   __________
NET CASH USED IN INVESTING ACTIVITIES     (4,561)     (38,017)
                                       _________   __________

CASH FLOWS FROM FINANCING ACTIVITIES:
SHORT TERM BORROWINGS                    250,000           --
REPAYMENT OF SHORT TERM BORROWINGS      (250,000)          --
                                       _________   __________


NET CASH USED IN FINANCING
  ACTIVITIES                                --           --
                                     _________    _________

NET INCREASE IN CASH AND CASH
  EQUIVALENTS                          682,651      179,641


CASH AND CASH EQUIVALENTS AT
  BEGINNING OF PERIOD                  518,600      205,122
                                    __________    _________


CASH AND CASH EQUIVALENTS AT
  END OF PERIOD                     $1,201,251     $384,763
                                    ==========    =========


SUPPLEMENTAL DISCLOSURES OF
  CASH FLOW INFORMATION

      INTEREST RECEIVED             $     409     $     259
      INTEREST PAID                 $   1,387     $      --

SEE ACCOMPANYING NOTES TO CONDENSED FINANCIAL STATEMENTS

                               6



THE DEWEY ELECTRONICS CORPORATION

NOTES TO CONDENSED FINANCIAL STATEMENTS
(UNAUDITED)

1.  Significant Accounting Policies

Basis of Presentation
---------------------
The accompanying unaudited condensed financial statements have been prepared
by The Dewey Electronics Corporation (the "Company") pursuant to the rules
and regulations of the Securities and Exchange Commission (the "SEC")for
interim reporting.  Certain information and disclosures normally included in
notes to financial statements have been condensed or omitted pursuant to such
rules and regulations, but resultant disclosures are in accordance with
accounting principles generally accepted in the United States of America as
they apply to interim reporting.  The condensed financial statements should
be read in conjunction with the financial statements and the notes thereto in
the Company's Annual Report on Form 10-K for the fiscal year ended June 30,
2009 (the "2009 Form 10-K").

In the opinion of the Company's management, the accompanying unaudited
condensed financial statements contain all adjustments (consisting of normal
recurring adjustments) necessary to present fairly, in all material respects,
the Company's financial position as of March 31, 2010, and the results of
operations for the three-months and nine-months then ended and cash flows for
the nine-months then ended.  The results of operations and cash flows for the
period ended March 31, 2010 are not necessarily indicative of the results of
operations or cash flows to be expected for any subsequent quarter or the
full fiscal year ending June 30, 2010.

As of March 31, 2010, there have been no material changes to any of the
significant accounting policies described in our 2009 Form 10-K.

Revenue Recognition
-------------------
Revenues and estimated earnings under long-term defense contracts (including
research and development contracts, except as described below in this
paragraph) are recorded using the percentage-of-completion method of
accounting, measured as the percentage of costs incurred to estimated total
costs of each contract.  For the Company's indefinite delivery, indefinite
quantity contract to provide 2kW generator sets to the military and for
orders from other government subcontractors for 2kW generators, percentage-
of-completion calculations are based on individual "Delivery Orders" which
are periodically received for specified quantities.  For research and
development contracts total costs incurred are compared to total expected
costs for each contract.  The Company currently has one development sub-
contract for which it recognizes revenue on a time and material basis as the
nature of the work performed precludes a meaningful estimate of total
expected costs.  During the fiscal year ended June 30, 2009 the Company had
one development sub-contract to perform qualification tests for an EPA
compliant engine for use with its 2kW generator sets on which it did not
recognize revenue based on the percentage-of-completion method.  In this sub-
contract, revenue was recorded with the successful completion of each
milestone in accordance with the contract terms.  The sub-contract was
completed in January 2009.

The Company uses the percentage-of-completion method to recognize revenue for
its replacement parts business when the dollar amount of the order to be
delivered in a future period or periods is material, and the duration of the
work will span multiple reporting periods.  Revenue and earnings for all
other orders for replacement parts (including orders for replacement parts
for snowmaking equipment) are recorded when deliveries of product are made
and title and risk of loss have been transferred to the customer and
collection is probable.

                                      7


For those contracts where revenue has been recognized using the percentage-
of-completion method of accounting, provisions for estimated losses on
uncompleted contracts are made in the period in which such losses are
determined. Changes in job performance, job conditions, and estimated
profitability may result in revisions to costs and income and are recognized
in the period in which the revisions are determined.



Use of Estimates
----------------
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements and reported amounts of revenues and
expenses during the reporting period.  These estimates include, among others,
lower of cost or market estimates for inventories, realization of deferred
tax assets, revenue recognition and certain accrued expenses.  Actual results
could differ from those estimates.

Income Taxes
------------
Under the asset and liability method of accounting for taxes under ASC Topic
740, "Income Taxes", deferred tax assets and liabilities are recognized for
future tax consequences attributable to differences between the financial
statement carrying amounts of existing assets and liabilities and their
respective tax bases.  The effect on deferred tax assets and liabilities of a
change in tax laws is recognized in the results of operations in the period
the new laws are enacted.  A valuation allowance is recorded to reduce the
carrying amounts of deferred tax assets unless it is more likely than not,
that such assets will be realized.

2.  Accounting Standards Updates
--------------------------------
In June 2009, the FASB issued its final Statement of Financial Accounting
Standards ("SFAS") No. 168 - The Accounting Standards Codification ("ASC")
and the Hierarchy of Generally Accepted Accounting Principles - a replacement
of FASB Statement No. 162.  SFAS No. 168 made the FASB Accounting Standards
Codification the single source of U.S. GAAP used by nongovernmental entities
in the preparation of financial statements, except for rules and interpretive
releases of the SEC under authority of federal securities laws, which are
sources of authoritative accounting guidance for SEC registrants.  The ASC is
meant to simplify user access to all authoritative accounting guidance by
reorganizing U.S. GAAP pronouncements into roughly 90 accounting topics
within a consistent structure; its purpose is not to create new accounting
and reporting guidance.  The ASC supersedes all existing non-SEC accounting
and reporting standards and was effective for the Company beginning July 1,
2009.  Following SFAS No. 168, the FASB will not issue new standards in the
form of Statements, FASB Staff Positions, or Emerging Issues Task Force
Abstracts; instead, it will issue Accounting Standards Updates.  The FASB
will not consider Accounting Standards Updates as authoritative in their own
right; these updates will serve only to update the ASC, provide background
information about the guidance, and provide the bases for conclusions on the
change(s) in the ASC.

Accounting Standards Updates Not Yet Effective
----------------------------------------------
In October 2009, an update was made to "Revenue Recognition - Multiple
Deliverable Revenue Arrangements."  This update removes the objective-and-
reliable-evidence-of-fair-value criterion from the separation criteria used
to determine whether an arrangement involving multiple deliverables contains
more than one unit of accounting, replaces references to "fair value" with
"selling price" to distinguish from the fair value measurements required
under the "Fair Value Measurements and Disclosures" guidance, provides a
hierarchy that entities must use to estimate the selling price, eliminates
the use of the residual method for allocation, and expands the ongoing
disclosure requirements.  This update is effective for the Company beginning
July 1, 2010 and can be applied prospectively or retrospectively.  Management
is currently evaluating the effect that adoption of this update will have, if
any, on the Company's financial position and results of operations when it
becomes effective.

                                 8


Other Accounting Standards Updates not effective until after March 31,2010
are not expected to have a significant effect on the Company's financial
position or results of operations.

3.  Inventories
---------------
Inventories consist of:

                             March 31, 2010       June 30, 2009

Finished Goods                 $45,652               $38,410
Work In Progress               761,585               144,493
Raw Materials                  374,608               592,418
                              ________              ________
Total                       $1,181,845              $775,321
                            ==========              ========

The increase in Work In Process reflected above is the result of the Company
having produced approximately $500,000 of 2kW generator assemblies and sub-
assemblies for inventory in anticipation of additional orders for delivery
under its prime contract with the US Army. See Note 7 - Recent Events in the
Notes to the Financial Statements section of this Quarterly Report.

4.  Taxes on Income
-------------------
The Company has provided a valuation allowance against its net deferred tax
assets as it believes that it is more likely than not that it will not
realize these tax attributes.  The Company has approximately $866,000 and
$250,000 of federal and state net deferred tax assets respectively, primarily
arising from net operating loss carry-forwards, expiring beginning in 2012.
In the nine month period ended March 31, 2010 these federal and state net
deferred tax assets increased by approximately $78,000 and $21,000,
respectively, as a result of a net loss for the nine month period.

5.  Earnings/(Loss) Per Share
-----------------------------
Net income (loss) per share has been presented pursuant to ASC Topic 260,
"Earnings per Share".  Basic net income (loss) per share is computed by
dividing reported net income (loss) available to common shareholders by
weighted average shares outstanding for the period.  Diluted net income
(loss) per share is computed by dividing reported net income (loss) available
to common shareholders by weighted average shares outstanding for the period,
adjusted for the dilutive effect of common stock equivalents, which consist
of stock options, using the treasury stock method.

The tables below set forth the reconciliation of the numerators and
denominators of the basic and diluted net income (loss) per common share
computations.  Certain stock options were excluded from the computation of
earnings per share due to their anti-dilutive effect as a result of the
Company's net loss or the price of the options being greater than the market
price of shares of the Company's stock.  For the three-months ended March 31,
2010 and March 31, 2009, the number of shares excluded from the calculation
were 40,700 and 25,200 respectively.

                                         9


For the nine-month period ended March 31, 2010 and March 31, 2009, the number
of shares excluded from the calculation were 40,700 and 16,000 respectively.



                                 Three-months Ended March 31,
                          2010                          2009
                                         Per                        Per
                      Income/  Shares    Share    Income/   Shares  Share
                      (loss)             Amount   (loss)

Basic
 net
 income/
 (loss)
 Per
 Common
 Share             $(176,933) 1,362,031  $(.13)  $(40,380)1,362,031  $(.03)

Effect
 Of
 dilutive
 Securities              --         --      --         --       --      --
                   _________  _________  ______  _________ ________  _____

Diluted
 Net
 income/
 (loss)
 Per
 Common
 Share             $(176,933) 1,362,031  $(.13)  $(40,380) 1,362,031 $(.03)
                   =========  =========  =====   ========  ========= =====









                             Nine-months Ended March 31,
                           2010                    2009
                                        Per                        Per
                    Income/  Shares     Share   Income/  Shares    Share
                    (loss)              Amount  Loss               Amount

Basic
 net
 income/
 (loss)
 Per
 Common
 Share            $(227,476) 1,362,031  $(.17)  $338,693 1,362,031 $.25

Effect
 Of
 dilutive
 Securities              --         --     --        --      1,480   --
                  _________ __________  _____   _______  _________  ___

Diluted
 net
 income/
 (loss)
 per
 common
 share           $(227,476) 1,362,031  $(.17)  $338,693 1,363,511 $.25
                 =========  =========  =====   ======== ========= ====

6.  Stock Option Plan
---------------------
On December 2, 1998, the Employee Stock Option Committee adopted a Stock
Option Plan of 1998 which was amended and restated effective December 5,
2001, pursuant to which options to purchase a maximum of 85,000 shares of
common stock may be granted to executives and key employees.  Incentive stock
options have been granted under the plan with an exercise price no less than
fair market value of the stock on the date of grant.  Outstanding options
generally are exercisable for ten years from the date of grant, except for
two grants totaling 4,800 options which are exercisable for a 5-year term.
Outstanding options have expiration dates ranging from September 12, 2010 to
March 30, 2020.

The following disclosures are based on stock options granted to employees of
the Company in the second quarter of fiscal 2009 (quarter ended December 31,
2008) and the third  quarter of fiscal 2010 (quarter ended March 31, 2010).
For the three months ended March 31, 2010, the Company recorded no stock
option compensation expense (as the options were granted on the last day of
the quarter), compared to stock option compensation expense of $1,470 for the
three months ended March 31, 2009.  For the nine months ended March 31, 2010,
the Company recorded stock option compensation expense of $2,361 compared to
stock option compensation expense of $1,911 for the nine month period ended
March 31, 2009.
                                          10



For the full fiscal year ending June 30, 2010, the Company expects
approximately $8,868 in stock option compensation expense based on stock
options already granted and assuming no further option grants during the
remainder of the fiscal year.  However, our assessment of the estimated
compensation expense will be affected by our stock price and actual stock
option grants (if any) during the remainder of the year as well as
assumptions regarding a number of complex and subjective variables. These
variables include, but are not limited to, the volatility of our stock price
and employee stock option exercise behaviors.  The Company issues shares of
common stock upon the exercise of stock options.

The Company used its historical stock price volatility to compute the
expected volatility for purposes of valuing stock options issued.  The period
used for the historical stock price corresponded to the expected term of the
options and was between five and eight years.  The expected dividend yield is
based on the Company's practice of not paying dividends.  The risk-free rate
of return is based on the yield of U.S. Treasury Strips with terms equal to
the expected life of the options as of the grant date.  The expected life in
years is based on historical actual stock option exercise experience.  The
following weighted average assumptions were used in the valuation of stock
options granted in the third quarter of fiscal 2010 and the second quarter of
fiscal 2009.


                                 March 31, 2010      December 31, 2008
Expected dividend yield                 --                 --
Expected volatility                   70.4%              63.8%
Risk-free interest rate                3.52%              1.87%
Expected life in years                 6.5                6.7

Based on the assumptions in the table above, the grant date fair value of
stock options granted in the third quarter of fiscal 2010 was $26,029.

Based on the assumptions in the table above, the grant date fair value of
stock options granted in the second quarter of fiscal 2009 was $5,704.

Stock option transactions for the Company's employee stock option plans for
the three and nine months ended March 31, 2010 are as follows:











                                     March 31, 2010

                           Three Months          Nine Months
                                  Weighted             Weighted
                                  Average              Average
                          Shares  Exercise   Shares    Exercise
                                  Price                Price

Beginning balance         24,700   3.12      25,200    3.09
Granted                   16,000   2.30      16,000    2.30
Exercised                     --     --          --      --
Cancelled or expired          --     --        (500)   1.60
Ending balance            40,700   2.80      40,700    2.80
Options exercisable at
  end of period           24,700   3.12      24,700    3.12


                                 11




7.  Recent Events
-----------------
Request for Equitable Adjustment of Prime 2kW Contract
------------------------------------------------------
On April 15, 2010 the Company was informed that its formal request for a
pricing modification to its prime contract with the United States Army for
the production of 2kW diesel generators had been denied. The request was
based on the increased costs that the Company has experienced over the past
several years for raw materials used in the production of these generators.
This development is not expected to have a material adverse impact on the
Company's operations. The Company has 60 days to file an appeal of this
determination and is currently evaluating its options. If such an appeal were
made, there can be no assurance that it would be successful, or if
successful, the timing thereof.

Receipt of Delivery Order
-------------------------
On April 21, 2010 the Company received a delivery order for its 2kW diesel
operated Military Tactical Generators (MTG) in the amount of approximately
$4.5 million.

This order was made under the Company's prime contract referred to above, a
10 year indefinite-delivery/indefinite quantity contract awarded in September
2001 by the U.S. Army, CECOM, Fort Monmouth, NJ.  The delivery order is for
both the AC and DC versions of the generator with shipments scheduled to
begin in April 2010 and expected to continue for approximately one year.

Renewal of Line of Credit
-------------------------
The Company has a $500,000 line of credit with TD Bank, NA.  On May 11, 2010,
the Company received a notice from the Bank informing the Company that the
Bank had extended this line of credit to October 31, 2011.  Except for the
new expiration date, the terms of the line of credit were not affected by the
extension.


                                 12



THE DEWEY ELECTRONICS CORPORATION

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS

The following discussion should be read in conjunction with the unaudited
condensed financial statements, including the notes thereto, appearing
elsewhere in this Form 10-Q, and with the audited financial statements,
including the notes thereto, appearing in the Company's 2009 Form 10-K.
Certain statements in this report may be deemed "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of 1934.
All statements, other than statements of historical fact that address
activities, events or developments that the Company or management intends,
expects, projects, believes or anticipates will or may occur in the future
are forward-looking statements.  Such statements are based upon certain
assumptions and assessments made by management of the Company in light of its
experience and its perception of historical trends, current conditions,
expected future developments and other factors it believes to be appropriate.
The forward-looking statements included in this report are also subject to a
number of material risks and uncertainties, including but not limited to
economic, governmental, competitive and technological factors affecting the
Company's operations, markets, products, services and prices and,
specifically, the factors discussed below under "Financing Activities", and
"Company Strategy" and in Item 1 (Description of Business - Operational
Risks) of the Company's 2009 Form 10-K.  Such forward-looking statements are
not guarantees of future performance and actual results, developments and
business decisions may differ from those envisaged by such forward-looking
statements.

The Company's operating cycle is long-term and includes various types of
products and varying delivery schedules.  Accordingly, results of a
particular period or period-to-period comparison of recorded revenues and
earnings may not be indicative of future operating results.  The following
comparative analysis should be viewed in this context.

Critical Accounting Policies and Estimates
------------------------------------------
The Company's financial statements and accompanying notes are prepared in
accordance with accounting principles generally accepted in the United States
of America.  Preparing financial statements requires us to make estimates and
assumptions that affect the reported amounts of assets, liabilities, revenues
and expenses.  These estimates and assumptions affect the application of our
accounting policies.  Actual results could differ from these estimates.
Critical accounting policies are those that require application of
management's most difficult, subjective or complex judgments, often as a
result of matters that are inherently uncertain and may change in subsequent
periods.  The Company's critical accounting policies include revenue
recognition on contracts and contract estimates, pensions, impairment of
long-lived assets, and valuation of deferred tax assets and liabilities. For
additional discussion of the application of these and other accounting
policies, see Management's Discussion and Analysis of Financial Condition and
Results of Operations - Critical Accounting Policies and Note 1 of the Notes
to the Financial Statements included in the Company's 2009 Form 10-K.

Results of Operations - Revenues
--------------------------------
Revenues and estimated earnings under long-term defense contracts (including
research and development contracts, except as described below in this
paragraph) are recorded using the percentage-of-completion method of
accounting, measured as the percentage of costs incurred to estimated total
costs of each contract.  For the Company's indefinite delivery, indefinite
quantity contract to provide 2kW generator sets to the military and for
orders from other government subcontractors for 2kW generators, percentage-
of-completion calculations are based on individual "Delivery Orders" which
are periodically received for specified quantities.  For research and
development contracts total costs incurred are compared to total expected
costs for each contract.  The Company currently has one development sub-
contract for which it recognizes revenue on a time and material basis as the
nature of the work performed precludes a meaningful estimate of total
expected costs.  During the fiscal year ended June 30, 2009 the Company had
one development sub-contract to perform qualification tests for an EPA
compliant engine for use with its 2kW generator sets on which it did not
recognize revenue based on the percentage-of-completion method.  In this sub-
contract, revenue was recorded with the successful completion of each
milestone in accordance with the contract terms.  The sub-contract was
completed in January 2009.

                                   13


The Company uses the percentage-of-completion method to recognize revenue for
its replacement parts business when the dollar amount of the order to be
delivered in a future period or periods is material, and the duration of the
work will span multiple reporting periods.  Revenue and earnings for all
other orders for replacement parts (including orders for replacement parts
for snowmaking equipment) are recorded when deliveries of product are made
and title and risk of loss have been transferred to the customer and
collection is probable.

For those contracts where revenue has been recognized using the percentage-
of-completion method of accounting, provisions for estimated losses on
uncompleted contracts are made in the period in which such losses are
determined.  Changes in job performance, job conditions, and estimated
profitability may result in revisions to costs and income and are recognized
in the period in which the revisions are determined.

Revenues for the third quarter of fiscal year 2010, the three month period
ended March 31, 2010, were $1,951,435 lower when compared to same period in
2009.  The reduction in revenues was primarily attributable to reduced
revenue recognized from the production of 2kW generator sets for delivery
both to the U.S. Army under the Company's prime contract and to other
Department of Defense contractors. As discussed below, the Company believes
that the delay in signing of the Defense Appropriations Bill and subsequent
delay in the Government's issuance of new delivery orders resulted in the
Company receiving no new delivery orders for 2kW generators during the
quarter ended March 31, 2010.  Such delivery orders are traditionally
received by the Company in the second or third quarter of the fiscal year. (A
new order has been received in the fourth fiscal quarter.  See Note 7 -
Recent Events in the Notes to the Financial Statements section of this
Quarterly Report.  During this three month period revenues from both research
and development contracts and the Company's replacement parts business also
declined when compared to the same three month period in fiscal 2009.

For the three months ended March 31, 2010 production efforts to provide the
Armed Forces with diesel operated generator sets provided approximately 81%
of revenues compared to approximately 83% in the third quarter of fiscal year
2009 (quarter ended March 31, 2009).  The Company's research and development
contracts provided approximately 5% of revenues in the third quarter of
fiscal 2010, and approximately 6% of revenues in the third quarter of fiscal
2009.  Replacement parts and other short-term business provided approximately
14% of revenues in the third quarter of fiscal year 2010 and approximately
11% of revenues in the same period of fiscal 2009.

Revenues for the nine-month period ended March 31, 2010 were $2,415,788 lower
when compared to the same period in 2009. This decline is attributable to the
reduction in revenue recognized on 2kW generator sets in the third fiscal
quarter as noted above, and a reduction in revenues from customer sponsored
research and development as well as reduced revenues from replacement parts
and other short-term business.

                                       14


During the nine-month period ended March 31, 2010 production efforts to
provide the Armed Forces with diesel operated generator sets provided
approximately 87% of revenues compared to approximately 76% in the same
period in 2009.  The Company's research and development contracts provided
approximately 3% of revenues during the nine-month period ended March 31,
2010, versus approximately 15% in the same period in 2009.  Replacement parts
and other short-term business provided approximately 10% of revenues in the
nine-month period ended March 31, 2010, and approximately 9% of revenues in
the same period in 2009.

In March 2007, the Company was awarded three related research and development
sub-contracts, in the aggregate amount of up to approximately $230,400, to
research and develop electronic controls for diesel fuel cell reformers.
Work on these sub-contracts began in the first quarter of fiscal year
2008(quarter ended September 30, 2007) and was substantially completed in the
third quarter of fiscal 2010.  In April 2009 the Company was notified that an
additional option in one of the original sub-contracts above had been funded
in an amount up to $197,183.  Work on this option phase of the sub-contract
was substantially completed during the third quarter of fiscal 2010.  (No
assurances can be given that the research and development services provided
by the Company over the term of these sub-contracts will equal the full
amounts set forth above.)  No assurances can be given that the Company will
receive any future production orders as a result of these sub-contracts or
that the Company will be awarded any additional research and development
contracts or sub-contracts.

In July 2007, the Company received a sub-contract to develop an armored 3
kilowatt 28 volt DC auxiliary power unit that can be mounted on the back of
the United States Marine Corps (USMC) main battle tank, the Abrams M1A1.  The
development sub-contract, for $646,400, was awarded by the USMC Tank Program
Office, in Quantico, VA, through a sub-contract administered by CACI,
Eatontown, NJ, and had the possibility of a follow-on production contract.
Work on this sub-contract also began in the first quarter of fiscal year
2008(quarter ended September 30, 2007) and continued into the quarter ending
September 30, 2008.  In December 2008, the Company was notified that the USMC
had awarded the production contract to another company who was not part of
the development phase awarded in 2007.

In August 2007, the Company received a new contract to provide auxiliary
power systems for the USMC 'Logistic Vehicle'.  This contract, awarded by the
USMC Systems Command, Quantico, VA, consists of a base year and three option
years, exercisable at the Government's option.  The Logistics Vehicle Power
System (LVPS) is a diesel-powered 3.5 kilowatt 28 volt DC generator providing
power to equipment that protects against improvised explosive devices.  It is
based on the Company's existing 2 kilowatt military tactical generator.  A
delivery order for the LVPS, valued at approximately $2.4 million was
received in August 2007 and completed in December 2007.  In July 2008, the
Company received a second delivery order valued at approximately $500,000 for
additional units which were delivered in January 2009.  Work began to produce
these units during the first quarter of fiscal year 2009(quarter ended
September 30, 2008) and was substantially completed during the second quarter
of fiscal 2009.  Subsequently, in January 2009, the Company received a third
delivery order valued at approximately $400,000 with deliveries made in July
and August 2009.  While the Company was successful in obtaining these initial
orders, no assurance can be made that the Company will receive any future
production orders as a result of this contract.

In December 2007, the Company announced the award of a $985,976 sub-contract
from Fibertek, Inc. of Herndon, VA, as part of the U.S. Government's 2kW
Military Tactical Generator (MTG) Product Improvements - Engine.  This sub-
contract covered the efforts to qualify an EPA compliant diesel engine for
use in the 2kW portable Military Tactical Generator product line.  This
engineering and test effort was conducted at the Company's Oakland, NJ,
facility.  Initial test efforts began during the third quarter of fiscal year
2008 (quarter ended March 31, 2008).  First article testing revealed that the
replacement EPA compliant engine was incapable of providing the necessary
power output in the required range of operating conditions.  As a result, the
Company does not expect this engine to replace the existing non-compliant
engine used in the 2kW product line.  The Army has a waiver from the EPA to
continue using the non-compliant engine.

                                       15


In May 2008, the Company received an award of $475,000 to develop a prototype
'idle reduction' system consisting of an environmental control unit and
diesel generator under a sub-contract from MTC Technologies of Eatontown, NJ.
The Company partnered with AMETEK Corporation of El Cajon, California to
develop this system to provide heating and cooling for US Army "long haul"
trucks independent of the vehicle's main engine.  The generator developed by
the Company under this sub-contract, powers the environmental control unit
while also providing both AC and DC current for the vehicle.  Work under this
sub-contract was substantially completed in December 2008 and delivery of the
prototype units to the customer was made in January 2009.  No assurance can
be made that the Company will receive any future production orders as a
result of this sub-contract or that the Government will award the Company any
additional development contracts.

The aggregate value of the Company's backlog of sales orders was $0.6 million
on March 31, 2010 and $7.4 million on March 31, 2009.  It is estimated that
most of the present backlog will be billed during the next 3 months and be
substantially recognized as fiscal year 2010 revenues.

The Company believes that the delay in signing of the Defense Appropriation
Bill until late December 2009 and subsequent delay in the Government's
issuance of new delivery orders resulted in the Company receiving no new
delivery orders for 2kW generators during the fiscal quarter ended March 31,
2010 as well as a reduction in new orders for replacement parts.  As a result
the Company's backlog has been substantially reduced. In April 2010 the
Company received a new delivery order for 2kW generator sets under its prime
contract with the U.S. Army in the amount of approximately $4.5 million. (See
Note 7 - Recent Events in the Notes to the Financial Statements section of
this Quarterly Report.)  No assurance can be given that the Company will
receive any future delivery orders under this contract or, in the event of
such orders, the timing thereof.

Gross Profit
------------
The Company earned a gross profit of $223,735 (which was 18% of revenues) for
the three months ended March 31, 2010 compared to a gross profit of $519,704
(which was 16% of revenues) for the same period in 2009.

Gross profit is affected by a variety of factors including, among other
items, sales volume, product mix, product pricing, and product costs. Gross
profit was lower in the third quarter of fiscal 2010 when compared to the
same period in fiscal 2009 due to the reduced level of revenues as noted
above under "Results of Operations - Revenues". Gross profit as a percentage
of revenues increased when compared to the same period last year as a result
of a shift in product mix in favor of more profitable replacement parts
and other short term business and the production of generator assemblies and
sub-assemblies for inventory which absorbed some fixed overhead that
otherwise would have been absorbed by products shipped during the quarter.
The overhead absorbed into inventory will be recognized as part of the
cost of goods sold when the generator assemblies are recognized as
revenue in future periods.

Gross profit in the third quarter of fiscal 2010 continued to be impacted by
accumulated increases in costs related to metals and transportation for
components for the 2kw generator set product line.  The Company's 10-year
indefinite delivery, indefinite quantity prime contract for generator sets
with the U.S. Army, awarded in 2001 allows for a small annual increase in
selling price.  Gross profit has been reduced as a result of costs increasing
faster than the selling price.  The Company's efforts to obtain from the
Government a pricing modification under the contract have so far proven
unsuccessful. (See Note 7 - Recent Events in the Notes to the Financial
Statements section of this Quarterly Report.)

                                       16

For the nine-month period ended March 31, 2010 the Company's gross profit was
$1,021,255 (which was 17% of revenues) compared to a gross profit of
$1,867,952 (which was 22% of revenues) for the nine-month period ended March
31, 2009.

As with the three month period described above these lower results are due to
reduced revenue from the production of 2kW generator sets as well as a
decrease in revenues from customer sponsored research and development
projects. The decrease in gross profit as a percentage of sales is
attributable to a shift in product mix with research and development efforts
accounting for a lower proportion of revenues in the first nine months of
fiscal 2010 and 2kW generator sets accounting for a higher proportion of
revenues when compared to the same period in fiscal 2009.

Selling, General and Administrative Expenses
--------------------------------------------
Selling, general and administrative expenses for the three months ended March
31, 2010 were $398,018 or 32% of revenue compared to $558,712 or 17% of
revenue for the three month period ended March 31, 2009.  The most
significant reductions in expense were for business development expense,
amortization of licensing fees, and general corporate expense. These
reductions were partly offset by increased legal and professional fees and
increased general marketing expense.

Selling, general and administrative expenses for the nine-months ended March
31, 2010 were $1,239,891 or 21% of revenue.  For the nine-months ended March
31, 2009, selling, general and administrative expenses totaled $1,523,865 or
18% of revenue.  As with the three-month period above, expenditures for the
nine-month period ended March 31, 2010 were lower when compared with the same
period last year primarily due to reductions in business development expense
(including consulting expenses), amortization of licensing fees, salaries and
incentives, and general corporate expense. These reductions were partly
offset by increased legal and professional fees and increased general
marketing expense.

Interest Expense
----------------
The Company had no interest expense in the three month periods ended March
31, 2010 and 2009 respectively.

For the nine-month period ended March 31, 2010 the Company recorded interest
expense of $1,387 while the Company had no interest expense in the same nine-
month period ended March 31, 2009.

Other Expense/Income - Net
--------------------------
Amounts reported as other income or expense represent the net effect of
interest income and miscellaneous items such as the sale of scrap, bank
transaction fees and other like items.

Other expense of $2,650 for the three months ended March 31, 2010 resulted
from franchise taxes of $ 1,187 and bank fees and other charges of $1,463.

Other expense of $1,372 for the three months ended March 31, 2009 was
comprised of bank fees of $1,423 and franchise taxes of $219 partly offset by
miscellaneous income of $270.

                                        17


Other expense of $7,453 for the nine months ended March 31, 2010 was
comprised of franchise taxes of $5,596 and bank fees of $4,766 partly offset
by a gain on the sale of an asset of $2,500 and interest income of $409.

Other expense of $5,394 for the nine months ended March 31, 2009 was
comprised of bank fees of $4,732 and state and local taxes of $1,844 partly
offset by miscellaneous income of $1,182.

Net Loss/Income before income taxes
-----------------------------------
Net loss before income taxes for the three months ended March 31, 2010 was
$176,933 and for the three months ended March 31, 2009 net loss was $40,380.

Results for the third quarter of fiscal year 2010 decreased when compared to
the same period in fiscal year 2009 primarily due to the lower gross profit
resulting from lower revenues for the quarter which was partly offset by
lower selling, general and administrative expenses as discussed above.

Net loss before income taxes for the nine-month period ended March 31, 2010
was $227,476.  For the same period in 2009 net income before income taxes was
$338,693.

Results for the nine-month period ended March 31, 2010 decreased when
compared to the same period in fiscal year 2009 primarily due to lower
revenues and less favorable product mix, which was partly offset by lower
selling, general and administrative expenses as discussed above.

Income Taxes
------------
Deferred tax assets and liabilities are recognized for the expected tax
consequences of temporary differences between the tax bases of assets and
liabilities and their financial statement reported amounts and for tax loss
and credit carry-forwards.

A valuation allowance is provided against deferred tax assets when it is
determined to be more likely than not that these amounts will not be
realized.

The Company has provided a valuation allowance against its net deferred tax
assets as it believes that it is more likely than not that it will not
realize these tax attributes.  The Company has approximately $866,000 and
$250,000 of federal and state net deferred tax assets respectively, primarily
arising from net operating loss carry-forwards, expiring beginning in 2012.
In the nine month period ended March 31, 2010 these federal and state net
deferred tax assets increased by approximately $78,000 and $21,000,
respectively, as a result of a net loss for the period.

Liquidity and Capital Resources
-------------------------------
Historically, the Company's capital expenditures, debt servicing requirements
and working capital needs have been financed by cash flow from operations,
progress payments on various Government contracts (based on cost incurred)
and a line of credit of $500,000, described under "Financing Activities"
below.  During the first quarter of fiscal 2010 the Company borrowed $250,000
against this line of credit, which it repaid during that quarter.

As of March 31, 2010, the Company had no material capital expenditure
commitments.  Management believes that the Company's current cash and its
line of credit, combined with progress payments as well as billings at the
time of delivery of products will be sufficient to support short-term
liquidity requirements, working capital needs and capital expenditures at
their current or expected levels.

                                      18


At March 31, 2010, the Company's working capital was $2,258,538 compared to
$2,588,147 at March 31, 2009.

The ratio of current assets to current liabilities was 3.85 to 1 at March 31,
2010 and 3.25 to 1 at March 31, 2009.

The following table is a summary of the Statements of Cash Flows in the
Company's Financial Statements:

                                  Nine Months ended March 31,
                                   2010              2009

Net Cash Provided by(used in)
  Operating activities             $  687,212        $  217,658
  Investing activities                 (4,561)          (38,017)
  Financing activities                     --                --


Operating Activities:
--------------------
Adjustments to reconcile net income to net cash used in operations are
presented in the Statements of Cash Flows in the Company's Financial
Statements.

Net cash provided by operating activities in the nine-month period ended
March 31, 2010 was comprised primarily of net loss before depreciation and
amortization, decreases in contract costs and estimated related profits in
excess of applicable billings and accounts receivable and an increase in
customer deposits, which were partly offset by decreases in accounts payable,
accrued expenses, and accrued pension expenses and increases in inventory and
prepaid expense.

Net cash provided by operating activities in the nine-month period ended
March 31, 2009 was comprised primarily of net income before depreciation and
decreases in accounts receivable, contract costs and estimated related
profits in excess of billings and prepaid expenses, which were partly offset
by an increase in inventories, along with decreases in accounts payable,
accrued expenses and accrued pension costs.

The Company expenses its research and development costs as incurred.  These
costs consist primarily of salaries and material costs.  For the nine month
period ended March 31, 2010 and March 31, 2009, the Company expensed $72,055
and $108,788, respectively, of research and development costs.  Research and
development projects performed under contract for customers are billed to the
customer and are recorded as contract costs as they are incurred.

Investing Activities:
--------------------
During the first nine months of fiscal 2010, net cash of $4,561 was used in
investing activities.  This net amount reflects the use of $15,061 for
capital expenditures, principally for demonstration and test equipment, and
the receipt of $10,500 from the sale of assets.

During the first nine months of fiscal 2009, net cash of $38,017 was used in
investing activities all of which was used for capital equipment.

Financing Activities:
--------------------
The Company did not use any cash in financing activities during the nine
month periods ended March 31, 2010 and 2009, respectively.

On April 27, 2009 the Company entered into a $500,000 line of credit with TD
Bank, NA.  (See Note 10 of the Notes to Financial Statements in the Company's
2009 Form 10-K).  On May 11, 2010, the Company received a notice from the
Bank informing the Company that the Bank had extended this line of credit to
October 31, 2011.  (See Item 5 (Other Information) in Part II of this
Quarterly Report.)  As of the date of this Quarterly Report the Company has
no outstanding debt against this line of credit.  The Company does not regard
this credit facility as vital to its continued operations.

                                   19


The Company owns approximately 90 acres of land and the building, which it
occupies in Bergen County, New Jersey, adjacent to an interchange of
Interstate Route 287.  The Company is continuing to actively pursue possible
methods of monetizing 68 undeveloped and unused acres of this property, by
its sale and/or development.  This endeavor has become more complex with the
implications of New Jersey's "Highlands Water Protection and Planning Act".

The Act identifies approximately 400,000 acres of New Jersey as The Highlands
Preservation Area.  Pursuant to the statute, this area has the most onerous
restrictions on future development.  The Company's property is in this area,
and further development would not be permitted without a waiver or other
relief from the State.  The Company continues to believe that there are
strong reasons why its property should not be subject to the severe
restrictions of the preservation area, and is attempting to affect a
solution.

Since the Act was passed in June of 2004, the State repeatedly delayed
promulgation of final regulations and a master plan.  Originally expected in
2005, final regulations and a master plan were approved by Governor Corzine
on September 5, 2008.  At the same time the Governor issued executive order
114 further defining the framework by which the Highlands Council, other
State agencies, and both county and municipal governments are to work
together.  The Company believes that a regulatory environment is now
developing within which monetization of the land may be possible.  In light
of these recent events, the Company is actively assessing its options.
However, no assurances can be given that the Company's efforts will be
successful, that a satisfactory valuation will be achieved, or that
resolution will be timely.

In May 2008, the Company entered into a contract to sell a small parcel of
land, approximately 7 acres, for $205,000.  The land is physically separated
from the main parcel of the Company's property by an interstate highway and
is contained within the Highlands Preservation Area.  Among other things, the
sale of the land is subject to approval for development by the Highlands
Commission and various state and local government agencies.  Accordingly, the
Company can make no assurance that the sale will be successfully consummated
or, if consummated, the timing thereof.

Accounting Standards Updates
----------------------------
Refer to Note 2 - Accounting Standards Updates in the Notes to the Financial
Statements section of this Quarterly Report.

Company Strategy
----------------
The Company has many years of experience in contracting with the Department
of Defense and has been successful in obtaining many contracts to provide a
wide array of products and services.  Management believes that this
experience is a significant positive competitive factor.  Management is
continuing to explore other areas of business with the Department of Defense,
which are capable of providing stability and growth.

The Company is focusing its efforts within the market for military compact
diesel power generation on select product categories which management
believes represent the best chances of successfully growing the Company's
business.  Although no assurances can be made that such a strategy will be
successful, management believes that long-term growth can best be achieved
by: 1) growing the Company's market share in areas where the Company already
has a strong presence, 2) expanding into related markets with existing
products and capabilities, and 3) further taking advantage of the Company's
strengths by expanding into related product categories.

                                   20


The Company faces competition in many areas and from companies of various
sizes, capabilities and resources.  Competitive factors include product
quality, technology, product availability, price, and customer service.
Management believes that the reputation of the Company in these areas
provides a significant positive competitive factor.  As part of its overall
business strategy management is continuing to reinforce customer awareness of
the Company's current and past performance as a Department of Defense
supplier, its product quality and reliability, and its historically strong
customer relationships.

In response to the U.S. Army's change in priorities away from long-term
product improvements regarding the 2kW Generator Program in 2007, management
re-evaluated its approach to the second and third strategic objectives
described above.  Rather than continuing to develop new longer term internal
technologies, the Company is now attempting to capitalize on its previous
investments in technology to obtain business in related military power
markets and to expand into related military product categories.

Two contracts with the U.S. Department of Defense to develop generators as
auxiliary power units for vehicles are examples of the second strategic
objective, expanding into related power markets.  The contract for the
Logistics Vehicle Power Supply "LVPS" (described under "Results of Operations
- Revenues" above) utilizes the Company's core expertise in compact and
highly reliable diesel engine power generation.  The contract to develop a
prototype 'idle reduction' system consisting of an environmental control unit
and diesel generator builds on the Company's accomplishments with vehicle
mounted auxiliary power units and management believes it will allow the
Company to further expand into related power applications while increasing
its technology base.  In furtherance of the third strategic objective,
expanding into related military product categories, the Company is utilizing
its experience in military-grade portable power systems under three related
customer funded research and development sub-contracts where the Company will
design and prototype electronic controls for diesel fuel cell systems (See
"Results of Operations - Revenues" above).

In the near term, continued growth in profitability and broadening the line
of product offerings are the Company's primary objectives.  The development
contracts, and the customer-funded research and development sub-contracts,
described above contribute to this goal.  The Company is continuing to pursue
possible partnering and sub-contracting relationships with other companies
and defense contractors that leverage the Company's current expertise and
technology in generators and auxiliary power units.




                                       21




ITEM 4T.	Controls and Procedures
-----------------------------------
Evaluation of Disclosure Controls and Procedures
------------------------------------------------
The Company carried out, under the supervision and with the participation of
the Company's management, including its Chief Executive Officer and
Treasurer, an evaluation of the effectiveness of the design and operation of
the Company's disclosure controls and procedures (as defined in Rules 13a-
15(e) and 15d-15(e) under the Securities Exchange Act of 1934) as of the end
of the fiscal quarter covered by this Form 10-Q.  Based upon that evaluation,
the Chief Executive Officer and Treasurer concluded that, as of March 31,
2010, the design and operation of the Company's disclosure controls and
procedures were effective.

Nonetheless, a control system, no matter how well designed and operated,
cannot provide absolute assurance that the objectives of the control system
are met, and no evaluation of controls can provide absolute assurance that all
control issues have been detected.


Changes in Internal Control Over Financial Reporting
----------------------------------------------------
There were no changes in the Company's internal control over financial
reporting during the fiscal quarter ended March 31, 2010 that materially
affected, or are reasonably likely to affect, the Company's internal control
over financial reporting.


                                   22






PART II - OTHER INFORMATION


Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

         None


Item 4.  Submission of Matters to a Vote of Security Holders

         None

Item 5.  Other Information

(a)  On May 11, 2010, the Company received a notice from TD Bank,
NA informing the Company that the Bank had extended term of the Company's
$500,000 line of credit to October 31, 2011.  As of the date of this
Quarterly Report, the Company has no outstanding debt against this line of
credit.  The terms of the line of credit are otherwise unchanged and provide
among other things for an annual interest rate on borrowings equal to the
Bank's prime rate plus one (1.00) percent with a minimum interest rate of
4.25% and are subject to customary representations, covenants, and default
provisions in favor of the Bank.  Any loans drawn under the line of credit
are secured by a first lien on all of the Company's accounts receivable,
machinery, equipment, other personal property and a Commercial Mortgage
Security Agreement on the Company's real property.

Item 6.  Exhibits
------------------------------------------------------------------

See the accompanying Index to Exhibits to this Quarterly Report on Form 10-Q.



SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of l934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                             THE DEWEY ELECTRONICS CORPORATION




                             /s/ John H.D. Dewey
Date:  May 13, 2010          John H.D. Dewey
                             President and Chief Executive Officer




                            /s/ Stephen P. Krill
Date:  May 13, 2010         Stephen P. Krill
                            Treasurer











                                     23









THE DEWEY ELECTRONICS CORPORATION


INDEX TO EXHIBITS




The following exhibits are included with this report.  For convenience of
reference, exhibits are listed according to the numbers assigned in the
Exhibit table to Regulation S-K.



Number


10.1  Letter from TD Bank dated May 10, 2010, extending line of
      credit


31.1  Certification of Chief Executive Officer Pursuant to Section 302
of the Sarbanes-Oxley Act of 2002

31.2  Certification of Treasurer Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002


32.1  Certification of Chief Executive Officer pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-
Oxley Act of 2002

32.2  Certification of Treasurer pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002



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