SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 10 - Q


Quarterly Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934



For the quarter ended March 31, 2001
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 (1) has
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    .



The number of shares outstanding of the registrant's
common stock, $.01 par value was 1,339,531 at
March 31, 2001.



THE DEWEY ELECTRONICS CORPORATION


INDEX



Part I   Financial Information             Page No.

Item 1   Financial Statements                   1

Condensed consolidated balance sheets -
March 31, 2001 and June 30, 2000                2

Condensed consolidated statements of
earnings - three and nine months ended
March 31, 2001 and March 31, 2000               3

Condensed consolidated statements of
cash flows for the nine months ended
March 31, 2001 and 2000                        4

Notes to condensed consolidated
financial statements                           5

Item 2  Management's Discussion and
Analysis of Financial Condition
and Results of Operations                      9


Part II     Other Information

Item 4.    Submission of Matters to a Vote
of Security Holders                            15

Item 6.   Exhibits and Reports on Form 8-K     15


PART I:  FINANCIAL INFORMATION


Item 1.  FINANCIAL STATEMENTS


The following unaudited condensed, consolidated balance
sheets, statements of earnings, and statements of cash
flows are of The Dewey Electronics Corporation.  These
condensed consolidated financial statements reflect all
adjustments of a normal recurring nature, which are, in
the opinion of management, necessary for a fair
presentation of the financial condition, results of
operations and cash flows for the interim periods
reflected herein.  The results reflected in the
unaudited statements of earnings for the period ended
March 31, 2001 are not necessarily indicative of the
results to be expected for the entire year.  The
following unaudited condensed consolidated financial
statements should be read in conjunction with the
notes thereto, and Management's Discussion and Analysis
of Financial Condition and Results of Operations set
forth in Item 2 of Part I of this report, as well as the
audited financial statements and related notes thereto
contained in the Form 10-K filed for the fiscal year
ended June 30, 2000.


1




THE DEWEY ELECTRONICS CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
                             MARCH 31,        JUNE 30,
                              2001              2000
                           (UNAUDITED)        (AUDITED)*
ASSETS:
CURRENT ASSETS:
  CASH                      $2,887,000       $1,176,479
  ACCOUNTS RECEIVABLE          248,808        1,349,965
  INVENTORIES                  530,374          534,181
  CONTRACT COSTS & RELATED
    EST PROFITS IN EXCESS
    OF APPLICABLE BILLINGS   1,620,740        1,087,863
DEFERRED TAX ASSET             170,475          170,475
PREPAID EXPENSES & OTHER
  CURRENT ASSETS                84,823           33,849
  TOTAL CURRENT ASSETS       5,542,220        4,352,812

PLANT PROPERTY & EQUIPMENT
  - (NET)                      802,814          841,956

OTHER ASSETS:
  OTHER NON CURENT ASSETS      127,362          130,512
  TOTAL OTHER ASSETS           127,362          130,512

TOTAL ASSETS                $6,472,396       $5,325,280

LIABILITIES & STOCKHOLDERS
EQUITY:
CURRENT LIABILITIES:
  TRADE ACCOUNTS PAYABLE      $527,068         $334,701
  ACCRUED LIABILITIES          170,701          158,203
  ACCRUED CORP INCOME TAXES    677,756          379,807
  ACCRUED PENSION COSTS        160,543          155,772
  CURRENT PORTION OF LONG
     TERM DEBT                 107,680           97,827

  TOTAL CURRENT LIABILITIES  1,643,748        1,126,310

LONG-TERM PORTION OF
   LONG-TERM DEBT            1,486,995        1,567,859
OTHER LONG-TERM LIABILITY       61,172           61,172
DEFERRED TAX LIABILITY          95,320           95,320
DUE TO RELATED PARTY           200,000          200,000

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 and
    outstanding 1,693,397       16,934          16,934
  PAID IN CAPITAL            2,835,307       2,835,307
  ACCUMMULATED EARNINGS/
    (DEFICIT)                  653,017         (57,525)
                             3,505,258       2,794,716
LESS TREASURY STOCK
  353,866 SHARES AT COST      (520,097)       (520,097)

  TOTAL STOCKHOLDERS'
     EQUITY                  2,985,161       2,274,619
TOTAL LIABILITIES &
  STOCKHOLDERS' EQUITY      $6,472,396      $5,325,280

*CONDENSED FROM AUDITED FINANCIAL STATEMENTS
SEE ACCOMPANYING NOTES TO CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS
2

THE DEWEY ELECTRONICS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED)

                 THREE MONTHS ENDED      NINE MONTHS ENDED
                       MARCH 31,             MARCH 31,
                 2001       2000         2001       2000

REVENUES     $3,440,125  $1,842,929  $8,073,009  $6,595,705

   COST OF
     REVENUES 2,726,293   1,373,552   5,999,794   5,087,960

GROSS PROFIT    713,832     469,377   2,073,215   1,507,745

   SELLING &
    ADMIN
    EXPENSES    275,585     236,121     772,337     705,775

OPERATING
  PROFIT        438,247     233,256   1,300,878     801,970

   INTEREST
    EXPENSE      37,931      49,842     116,235     154,605

   OTHER (INCOME)/
      EXPENSE    (3,326)     (1,533)        401        (830)

INCOME BEFORE
  INCOME TAXES  403,642     184,947   1,184,242     648,195

INCOME TAXES   (161,460)    (73,978)   (473,700)   (259,278)

NET INCOME     $242,182    $110,969    $710,542    $388,917



NET INCOME PER SHARE:
   BASIC             $0.18       $0.08    $0.53    $0.29
   DILUTED           $0.18       $0.08    $0.52    $0.29

WEIGHTED AVERAGE NUMBER OF
  SHARES OUTSTANDING
   BASIC        1,339,531  1,339,531  1,339,531  1,339,531
   DILUTED      1,380,031  1,367,031  1,376,420  1,351,753

SEE ACCOMPANYING NOTES TO CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS




3

THE DEWEY ELECTRONICS CORPORATION
STATEMENTS OF CASH FLOWS (UNAUDITED)

                             NINE MONTHS ENDED MARCH 31
                                  2001        2000
CASH FLOWS FROM OPERATIONS:
  NET INCOME                     710,542      388,917

ADJUSTMENTS TO RECONCILE
 NET INCOME TO NET CASH
 PROVIDED BY OPERATING
 ACTIVITIES:
   DEPRECIATION                   96,623      105,819
   AMORTIZATION                    3,150        3,951
   DEFERRED TAXES                      0      259,278
   DECREASE/(INCREASE)
     IN ACCOUNTS RECEIVABLE    1,101,157   (1,080,426)
   DECREASE IN INVENTORIES         3,807      124,961
   (INCREASE)/DECREASE IN
    CONTRACT COSTS AND RELATED
    ESTIMATED PROFITS IN EXCESS
    OF APPLICABLE BILLINGS      (532,877)   1,083,757
   (INCREASE) IN PREPAID
     EXPENSES AND OTHER
     CURRENT ASSETS              (50,974)     (35,482)
   INCREASE/(DECREASE)
     IN ACCOUNTS PAYABLE         192,367     (154,019)
   INCREASE/(DECREASE) IN
     ACCRUED EXPENSES             12,498      (80,690)
   INCREASE IN ACCRUED
     CORPORATE INCOME
     TAXES                       297,949            0
   INCREASE/(DECREASE) IN
     ACCRUED PENSION COSTS         4,771       (7,000)

   TOTAL ADJUSTMENTS          $1,128,471     $220,149

NET CASH (USED IN)/PROVIDED
   BY OPERATIONS              $1,839,013     $609,066

CASH FLOWS FROM INVESTING
   ACTIVITIES:
   EXPENDITURES FOR PLANT,
   PROPERTY AND EQUIPMENT       (57,481)      (63,577)

NET CASH USED IN INVESTING     ($57,481)     ($63,577)

CASH FLOWS FROM FINANCING
  ACTIVITIES:
   PRINCIPAL PAYMENTS OF
     LONG-TERM DEBT             (71,011)      (40,123)
   REPAYMENT OF SHORT TERM
     BORROWINGS                       0      (200,000)

NET CASH (USED IN) FINANCING   ($71,011)    ($240,123)

NET INCREASE/(DECREASE)
  IN CASH                    $1,710,521      $305,366

CASH AT BEGINNING OF PERIOD   1,176,479       288,859

CASH AT END OF PERIOD        $2,887,000      $594,225

SEE ACCOMPANYING NOTES TO CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS


4

THE DEWEY ELECTRONICS CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2001

NOTE 1:	REVENUE RECOGNITION

Revenues and estimated earnings under defense contracts
are recorded using the percentage-of-completion method
of accounting, measured as the percentage of costs
incurred to estimated total costs for each contract.
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.

Since substantially all of the Company's electronics
business comes from contracts with various agencies
of the United States Government or subcontracts with
prime Government contractors, the loss of Government
business would have a material adverse effect on this
segment of business.

In the Leisure and Recreation segment, revenues and
earnings are recorded when deliveries are made.

NOTE 2:	CASH AND CASH EQUIVALENTS

The Company considers all highly liquid debt
instruments with a maturity of three months or
less at the date of purchase to be cash equivalents.

NOTE 3:	FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair values of the Company's long-term debt and
line of credit borrowings are estimated based upon
interest rates currently available for borrowings
with similar terms and maturities and approximate
the carrying values.

Due to the short-term nature of cash, accounts
receivable, accounts payable, accrued expenses
and other current liabilities, their carrying
value is a reasonable estimate of fair value.

NOTE 4:	INVENTORIES

Inventories are valued at lower of cost (first-in,
first-out method) or market.  Components of cost
include materials, direct labor and plant overhead.

As there is no segregation of inventories as to raw
materials, work in progress and finished goods for
interim reporting periods (this information is
available at year end when physical inventories
are taken and recorded), estimates have been made
for the interim period.

5

THE DEWEY ELECTRONICS CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)


                    March 31, 2001    June 30, 2000

Finished Goods       $  46,800        $  67,000
Work In Process        203,492          192,828
Raw Materials          280,082          274,353

           Total      $530,374         $534,181
                       =======          =======

NOTE 5:	USE OF ESTIMATES

The preparation of financial statements in conformity
with generally accepted accounting principles require
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.  Actual results could differ from those
estimates.


NOTE 6:	PLANT, PROPERTY AND EQUIPMENT

Plant, property and equipment are stated at cost.
Allowance for depreciation is provided on a straight-
line basis over estimated useful lives of three to
ten years for machinery and equipment, ten years for
furniture and fixtures, and twenty years for building
and improvements.

NOTE 7:	LOAN FEES

Loan fees are capitalized by the Company and amortized
utilizing the straight-line basis over the term of
the loan.

NOTE 8:	LONG-LIVED ASSETS

Whenever events indicate that the carrying values of
long-lived assets may not be recoverable, the Company
evaluates the carrying values of such assets using
future undiscounted cash flows.  Management believes
that, as of March 31, 2001, the carrying values of
such assets are appropriate.





6

THE DEWEY ELECTRONICS CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

NOTE 9:     RECENT PRONOUNCEMENTS

Statement of Financial Accounting Standards No. 133,
"Accounting for Derivative Instruments and Hedging
Activities" (SFAS No. 133), establishes accounting
and reporting standards for derivative instruments
and for hedging activities.  It requires companies
to recognize all derivatives as either assets or
liabilities in the statement of financial position
and measure those instruments at fair value.  We
have adopted SFAS No. 133 in the first quarter of
fiscal 2001, in accordance with the deferral
provision in SFAS No. 137.  The adoption of SFAS No.
133 did not have a material effect on our financial
statements.

In December 1999, the Securities and Exchange
Commission ("SEC") issued Staff Accounting Bulletin
No. 101 ("SAB 101"), Revenue Recognition in Financial
Statements."  SAB 101 summarizes certain of the
SEC's views in applying generally accepted
accounting principles to revenue recognition in
financial statements.  We are required to adopt
SAB 101 in the fourth quarter of fiscal 2001.
We anticipate that the adoption of SAB 101 will
not have a significant impact on our financial
statements.

NOTE 10:	EARNINGS PER SHARE

Net Income per share has been presented pursuant
to the Financial Accounting Standards Board Statement
of Financial Accounting Standards ("SFAS") No. 128,
"Earnings per Share".  Basic net income per share
is computed by dividing reported net income available
to common shareholders by weighted average shares
outstanding for the period.  Diluted net income per
share is computed by dividing reported net income
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 table below sets forth the reconciliation of the
numerators and denominators of the basic and diluted
net income per common share computations.

                   Three Months Ended March 31,
                     2001                  2000
          Income    Shares   Per   Income   Shares  Per
                            Share                  Share
                            Amount                 Amount
Basic
Net
Income
per
common
share   $242,182  1,339,531  $.18 $110,969 1,339,531 $.08

Effect
Of
dilutive
Securities    --     40,500    --      --    27,500    --

Diluted
Net
income
per
common
share   $242,182  1,380,031  $.18 $110,969 1,367,031 $.08

7



                  Nine Months Ended March 31,
                     2001                    2000
         Income     Shares    Per   Income   Shares  Per
                             Share                   Share
                             Amount                 Amount

Basic
Net
Income
per
common
share   $710,542  1,339,531  $.53  $388,917 1,339,531 $.29

Effect
of
dilutive
securities   --      36,889    --       --     12,222   --

Diluted
net
income
per
common
share   $710,542  1,376,420  $.52  $388,917 1,351,753 $.29






8


THE DEWEY ELECTRONICS CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS


Certain statements in this Form 10-Q 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
Form 10-Q 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 "Government Defense
Business".  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 comparisons of recorded revenues and earnings,
may not be indicative of future operating results.
The following comparative analysis should be viewed in
this context.

Operating Segments

The Company is organized into operating segments on the
basis of the type of products offered.

In the electronics segment, the Company produces
sophisticated electronics and electromechanical
systems for the Department of Defense and other projects
performed as a subcontractor.

In the leisure and recreation segment, the Company, through
 its HEDCO Division, designs, manufactures and markets
advanced, sophisticated snowmaking equipment.

There are no intersegment sales.

Some operating expenses, including general corporate
expenses, have been allocated by specific identification
or based on labor for items which are not specifically
identifiable.  In computing operating profit, none of the
following items have been added or deducted:  interest
expense, income taxes, and non-operating income and
expenses.



9


Consolidated Results of Operations

Consolidated revenues for the three month period ended
March, 2001 were $3,440,125 which is an increase of
$1,597,196 compared to the same period last year and
an increase of $1,074,645 compared to the prior three
month period ended December 31, 2000.  The electronic
segment of business accounted for the increase in
revenues which was partially offset by a reduction
in revenues by the leisure and recreation segment
of business.  These segments are discussed in more
detail below.

Consolidated revenues for the nine month period this
year were $8,073,009, which is $1,477,304 higher
than the same period last year.  Revenues in the
electronic segment have continued steadily.  Revenues
for the nine month period are discussed below
according to business segment.

Cost of revenues have increased when compared to
last year for the three and nine month period.
This is also a result of continuous production
efforts in the electronics segement.  Costs of
revenues are also discussed further below in
sections of business segments.

In June 2000, the Company made a voluntary principal
reduction payment toward its mortgage in the amount
of $500,000.  This principal payment has reduced
the amount of interest expenses.


Information about the Company's operations in the
two segments for the fiscal periods ended March 31,
2001 and 2000 is as follows:

                  Three months ended   Nine months ended
                      March 31,           March 31,
                  2001    2000       2001       2000

Electronic Segment
  Revenues     $3,434,930 $1,808,773 $7,976,474 $6,264,369
  Operating
    Income       $470,012   $261,452 $1,344,053   $824,879



HEDCO
  Revenues    $5,195         $34,156    $96,535   $331,336
  Operating
  (Loss)    ($31,764)       ($28,196)  ($43,175)  ($22,909)

Electronics Segment

(In the electronics segment, revenues are recorded under
defense contracts using the percentage of completion method
of accounting, measured as the percentage of costs incurred
to estimated total costs for each contract.  Elements
of these costs include material, labor and overhead
expenses.)

In the electronic segment, revenues increased by $1,626,157
during the three month period ended March 31, 2001 compared
to the same three month period of last year.

10




Production efforts towards the 2kW diesel operated tactical
generator set project continue.  The receipt of additional
orders this year has provided a more uniform delivery
schedule than last.  This resulted in higher revenues this
year.  In addition, last year's annual award was not
received until December, which caused a slight delay in
material handling.  This caused production efforts on
this award to not begin until February of last year
resulting in lower revenues in the third quarter last
year.  The Company experiences variable amounts of
material received from time to time during the normal
course of business.  Material receipts are dependent
upon project requirements and vendor delivery schedules.

The award received in November 2000 brought the total
orders for 2kW tactical generator sets to $33 million.
This contract, which is with the U.S. Army, initially
funded $1 million in 1996 and allows for production
orders to be placed at any time through August 2001.
The Army has placed an annual production order each
year plus some additional orders.  These diesel operated
generator sets are being supplied to various branches
of the Armed Forces.  Deliveries of the current production
order are projected out to fiscal quarter ending March
2002.  See "Government Defense Business" below.

For the nine month period ended March 31, 2001 revenues
increased by $1,712,105 compared to the nine month period
last year.  Continued production efforts under the
Company's contract with the U.S. Army for diesel operated
tactical generator sets, discussed above, have provided
89% of electronic product revenues compared to 84% of
such revenues for the nine month period last year.

The remaining 11% and 16% of electronic segment revenues
for the nine month periods ended March 31, 2001 and
2000, respectively, were derived from various orders,
more limited in scope and duration, that were generally
for replacement parts for previously supplied Department
of Defense equipment and other projects performed as a
subcontractor.  A large part of such other revenues
continues to be attributable to the Company's Pitometer
Log Division, which manufactures speed and distance
measuring instrumentation for the U.S. Navy.  The Company
has also been trying to develop a market for the use
of its sophisticated CNC machining centers.  As a result,
a small customer base is steadily developing.

As of March 31, 2001, the aggregate value of the
Company's backlog of electronic products not previously
recorded as revenues was approximately $8 million.
It is estimated that approximately $3 million of this
backlog will be recognized as revenues during the fiscal
year ending June 30, 2001.

As of March 31, 2000, the aggregate value of the
Company's backlog of electronic products not previously
 recorded as revenues was approximately $6 million.





11



HEDCO Division

In the leisure and recreation segment, revenues were
lower by $28,960 and $234,800 for the three and nine
month periods ended March 31, 2001, respectively,
when compared to the same periods last year.  Last
year, one ski area purchased snowmaking machines
amounting to $201,500, which did not occur this year.
Traditionally, the major portion of revenues in
this segment are recorded during the second quarter
when snowmaking machines are normally delivered.

Liquidity and Capital Resources

The Company's working capital at March, 2001 was
$3,887,096 compared to $3,226,502 at June 30, 2000.

The ratio of current assets to current liabilities
was 3.35 to 1 at March 31, 2001 and 3.86 to 1 at
June 30, 2000.

For the nine month period ended March 31, 2001,
operations provided net cash of $1,128,471, while
investing and financing activities used $57,481
and $71,011, respectively.

The net cash provided by operations resulted primarily
from net income before depreciation and amortization
and collections of 'accounts receivable'.  An increase
in 'contract costs and related estimated profits in
excess of applicable billings' of $532,877 was offset
by an increase in "trade accounts payable" of $192,367
and an increase in "accrued corporate income taxes"
of $297,949.

Investing activities of $57,481 include capital
expenditures for building improvements and tooling
and equipment.  The Company does not anticipate any
significant capital expenditures for the remainder of
this fiscal year.

Financing activities of $71,011 were used towards
principal payments of the Company's mortgage note
with Sovereign Bank.

The Company also has a note payable to an officer in
the amount of $200,000.  This note bearing the interest
rate of 9%, has been classified on its Balance sheet
as a long term liability because it is subordinate
to the mortgage note with Sovereign Bank.

On November 28, 2000, Sovereign Bank agreed to extend
the Company's line of credit of $500,000 for an
additional year and reduce the interest rate from
75% plus the prime rate to .25% plus the prime
rate.  There were no outstanding borrowings against
this line of credit facility.

The Company's borrowing capacity at March 31, 2001
remained above its use of outside financing.  Management
believes that the Company's anticipated cash flow
from operations, combined with its line of credit
with Sovereign Bank, will be sufficient to support
working capital requirements and capital expenditures
at their current or expected levels.

12


Government Defense Business

The electronics segment of business provides most of
the Company's revenues.  Virtually all of the electronic
product revenues are attributable to business with the
Department of Defense (DOD) of the Federal Government
or with other government contractors.  Aside from
replacement part and other short-term business, the
Company's electronics segment revenues have in recent
years been dependent upon single projects.  Thus, until
recently a single program, the ADCAP torpedo program
with the U.S. Navy, was responsible for all of the
Company's electronics segment revenues from long-term
projects; and currently the tactical generator set
program of the U.S. Army accounts for all such long-
term revenues.

Since the early production phases under the generator
set project, management has been focusing on two
main marketing objectives.  The maintenance and
extension of its participation in the generator set
project and the receipt of another large award.

The Department of Defense Directive 4140.25 regarding
Bulk Petroleum Management Policy (normally referred
to as the "DOD single fuel forward policy"), requires
that all mobile electric power sets use diesel type
fuels only and that those using gasoline fuels be
eliminated.  It is the belief of management that
the Department of Defense will continue to require
diesel operated tactical generator sets.

The lightweight generator has also gained momentum
from the U.S. Army's transformation to the new
mobile objective force.  The digitized battlefield
continued to develop new applications for small
diesel driven generator sets.

Under the current contract with the U.S. Army for
2kW diesel operated tactical generator sets,
production orders may be placed at any time
through August 2001.

Recently, the DOD Project Manager-Mobile Electric
Power and the U.S. Army Communications and Electronics
Command released a solicitation for company's to
bid on a re-procurement of these generator sets.
The contract, which is scheduled to be awarded in
June 2001, is to be for a ten year period.  The
Company, as the incumbent contractor, believes that
it has a viable opportunity to receive this award,
although no assurances can be made that it will do
so.  The nature of the competitive bid process
precludes any predictability with certainty.

The Company has also submitted a proposal to supply
the U.S. Army with a slightly larger 3kW tactical
quiet generator set, which is also diesel operated.
This proposal was also in response to a solicitation
for company's to bid on a re-procurement also released
by the DOD Project-Manager-Mobile Electric Power and
the U.S. Army Communications and Electronics Command.
The Governments goal (DODD 4120.11 - Standardization
of Mobile Electric Power Generating Sources) is to
standardize mobile electric power sources as much as
practical.  The solicitation was also intended to
allow for the replacement of military standard generator
sets procured and fielded throughout the 1970's and
early 1980's.  No assurances can be made that the
Company will receive this award.  The nature of the
competitive bid process precludes any predictability
with certainty.

13



The Company, which was incorporated in 1955, has many
years of experience in contracting with the Department
of Defense.  These years had been dependent upon
replacing government contracts.  Management believes
that by pursuing awards which utilize its technical
expertise and its sophisticated machining capabilities,
the Company has its best opportunity for success.

It should be recognized that Department of Defense
business is subject to changes in military procurement
policies and objectives and to government budgetary
constraints and that the Company bids for Department
of Defense business in competition with many defense
contractors, including firms that are larger in size
and have greater financial resources.



14



PART II - OTHER INFORMATION


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


None


Item 6.	Exhibits and Reports on Form 8-K


No reports on Form 8-K have been filed during the
quarter ended March 31, 2001.

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




May 10, 2001
Date               Thom A. Velto, Treasurer
                   Principal Accounting Officer


May 10, 2001
Date               Edward L. Proskey
                   Vice President, Operations













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