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 September 30, 2009


___  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 (SS32.405 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 November
10, 2009.


                                     2




THE DEWEY ELECTRONICS CORPORATION


INDEX



                                                              Page No.

Part I  Financial Information

Item 1.  Condensed Financial Statements

         Condensed Balance Sheets -
         September 30, 2009(unaudited) and June 30, 2009        4

         Condensed Statements of Operations -
              Three-months Ended September 30, 2009
              and 2008 (unaudited)                              5

         Condensed Statements of Cash Flows for
         the Three-months Ended September 30, 2009
         and 2008 (unaudited)                                   6

       Notes to Condensed Financial Statements (unaudited)      7

Item 2.  Management's Discussion and Analysis of
         Financial Condition and Results of
         Operations                                            12

Item 4T. Controls and Procedures                               19

Part II  Other Information


Item 2.  Unregistered Sales of Equity Securities and Use
         of Proceeds                                          20

Item 4.  Submission of Matters to a Vote of Security
         Holders                                              20

Item 6.  Exhibits                                             20


                                  3





PART I:  FINANCIAL INFORMATION

ITEM 1.CONDENSED FINANCIAL STATEMENTS

THE DEWEY ELECTRONICS CORPORATION
CONDENSED BALANCE SHEETS

                                   SEPTEMBER 30,      JUNE 30,
                                       2009             2009
                                   (unaudited)
ASSETS:
CURRENT ASSETS:
  CASH AND CASH EQUIVALENTS        $  633,952         $  518,600
  ACCOUNTS RECEIVABLE               1,104,455            984,711
  INVENTORIES                         896,485            775,321
  CONTRACT COSTS AND RELATED
    ESTIMATED PROFITS IN EXCESS
    OF BILLINGS                       800,166          1,398,385
  PREPAID EXPENSES AND OTHER
    CURRENT ASSETS                     97,057             50,662
                                   __________         __________

      TOTAL CURRENT ASSETS          3,532,115          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           3,241,464          3,227,794
  FURNITURE AND FIXTURES              237,168            235,777
                                    _________          _________
                                    6,015,300          6,000,239
Less accumulated depreciation       5,027,791          5,001,465
                                    _________          _________
                                      987,509            998,774
                                    _________          _________

DEFERRED COSTS                         65,095             65,095
                                    _________          _________

TOTAL ASSETS                       $4,584,719         $4,791,548
                                   ==========         ==========


LIABILITIES AND STOCKHOLDERS'
   EQUITY:
CURRENT LIABILITIES:
  TRADE ACCOUNTS PAYABLE              591,528            765,251
  ACCRUED EXPENSES AND OTHER
    LIABILITIES                       408,960            267,340
  ACCRUED COMPENSATION AND
    BENEFITS PAYABLE                  147,153            223,913
  ACCRUED PENSION COSTS                27,024             59,439
                                    _________         __________

    TOTAL CURRENT LIABILITIES       1,174,665          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 September
    30, 2009 and June 30, 2009         16,934             16,934
  ADDITIONAL PAID-IN CAPITAL        2,820,021          2,818,589
  RETAINED EARNINGS                   901,364            968,347
  ACCUMULATED OTHER COMPREHENSIVE
    LOSS                             (193,332)          (193,332)
                                    _________         __________
                                    3,544,987          3,610,538
LESS: TREASURY STOCK 331,366
  SHARES at cost                     (487,028)          (487,028)
                                    _________         __________

  TOTAL STOCKHOLDERS' EQUITY        3,057,959          3,123,510
                                    _________          _________
TOTAL LIABILITIES AND
  STOCKHOLDERS' EQUITY             $4,584,719         $4,791,548

SEE ACCOMPANYING NOTES TO CONDENSED FINANCIAL STATEMENTS

                                  4





THE DEWEY ELECTRONICS CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
(UNAUDITED)



                                        THREE-MONTHS ENDED
                                           SEPTEMBER 30,
                                     2009            2008

REVENUES                           $2,346,478     $2,383,198

COST OF REVENUES                    1,981,859      1,858,299
                                   __________     __________

GROSS PROFIT                          364,619        524,899

SELLING,GENERAL & ADMINISTRATIVE      424,018        504,255
                                   __________     __________

OPERATING INCOME (LOSS)               (59,399)        20,644

   INTEREST EXPENSE                     1,564             --

   OTHER (EXPENSE)/INCOME - NET        (6,020)        (1,275)
                                   __________      _________

INCOME (LOSS) BEFORE INCOME TAXES     (66,983)        19,369

PROVISION FOR INCOME TAX                   --             --
                                   __________      _________

NET INCOME (LOSS)                   $ (66,983)     $  19,369
                                    =========      =========



NET INCOME (LOSS) PER
  COMMON SHARE-BASIC                 $(0.05)         $0.01
NET INCOME (LOSS) PER
  COMMON SHARE-DILUTED               $(0.05)         $0.01


WEIGHTED AVERAGE NUMBER OF
  SHARES OUTSTANDING:
   BASIC                             1,362,031     1,362,031
   DILUTED                           1,362,031     1,363,135

SEE ACCOMPANYING NOTES TO CONDENSED FINANCIAL STATEMENTS


                               5

THE DEWEY ELECTRONICS CORPORATION
CONDENSED STATEMENTS OF CASH FLOWS
(UNAUDITED)
                                            THREE-MONTHS ENDED
                                               SEPTEMBER 30,
                                           2009         2008

CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME (LOSS)                          $(66,983)    $19,369
                                           ________    ________
ADJUSTMENTS TO RECONCILE NET INCOME
  (LOSS) TO NET CASH PROVIDED BY
  OPERATING ACTIVITIES:
   DEPRECIATION                              26,326      27,379
   STOCK OPTION COMPENSATION EXPENSE          1,432          --
   (INCREASE)/DECREASE IN ACCOUNTS
     RECEIVABLE                            (119,744)    702,459
   (INCREASE)IN INVENTORIES                (121,164)   (189,222)
   DECREASE IN CONTRACT COSTS & RELATED
    ESTIMATED PROFITS IN EXCESS OF
      BILLINGS                              598,219     147,068
   (INCREASE) IN PREPAID EXPENSES AND
     OTHER CURRENT ASSETS                   (46,395)    (16,692)
   (DECREASE) IN ACCOUNTS PAYABLE          (173,723)   (188,282)
   INCREASE IN BILLINGS IN EXCESS OF
     COSTS AND ESTIMATED EARNINGS                --     112,778
   INCREASE/(DECREASE) IN ACCRUED
     EXPENSES AND OTHER LIABILITIES          64,860    (187,705)
   (DECREASE) IN PENSION LIABILITY          (32,415)    (16,572)
                                          _________    ________
   TOTAL ADJUSTMENTS                        197,396     391,211
                                          _________    ________

NET CASH PROVIDED BY OPERATING
   ACTIVITIES                               130,413     410,580
                                          _________    ________

CASH FLOWS FROM INVESTING ACTIVITIES:
  EXPENDITURES FOR PLANT, PROPERTY
    AND EQUIPMENT                           (15,061)    (18,297)
                                          _________    ________

NET CASH USED IN INVESTING ACTIVITIES       (15,061)    (18,297)
                                          _________    ________

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                             115,352    392,283

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

CASH AND CASH EQUIVALENTS AT
  END OF PERIOD                         $  633,952  $ 597,405
                                        ==========  =========


SUPPLEMENTAL DISCLOSURES OF CASH
  FLOW INFORMATION

      INTEREST RECEIVED                 $      371   $     67
      INTEREST PAID                     $    1,564   $     --

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 September 30,
2009, and the results of operations and cash flows for the three-months
then ended.  The results of operations and cash flows for the period
ended September 30, 2009 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.

In May 2009, the Financial Accounting Standards Board ("FASB") updated
Accounting Standards Codification ("ASC") Topic 855, "Subsequent Events"
(formerly "SFAS 165").  ASC Topic 855 requires entities to disclose the
date through which they have evaluated subsequent events and whether the
date corresponds with the release of their financial statements.  ASC
Topic 855 is effective for interim and annual periods ending after June
15, 2009.  The adoption of ASC Topic 855 did not materially impact the
Company's financial position, results of operations or cash flows. The
Company evaluated subsequent events that occurred after September 30,
2009 up through November 12, 2009.  During this period no material
subsequent events came to our attention.

As of September 30, 2009, 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.  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.

                                 7


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.

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 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.

                                   8

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 in
2010.

Other Accounting Standards Updates not effective until after September
30, 2009, are not expected to have a significant effect on the Company's
financial position or results of operations.

3.  Inventories
===============

Inventories consist of:

                        September 30, 2009       June 30, 2009

Finished Goods               $61,039               $38,410
Work In Progress             139,905               144,493
Raw Materials                695,541               592,418
                             _______               _______
Total                       $896,485              $775,321
                            ========              ========

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 $810,000
and $236,000 of federal and state net deferred tax assets respectively,
primarily arising from net operating loss carryforwards, expiring
beginning in 2012.  In the three month period ended September 30, 2009
these federal and state net deferred tax assets increased by
approximately $23,000 and $6,000, respectively, as a result of a net loss
for the period.

5.  Earnings 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.  For the three-
months ended September 30, 2009 and September 30, 2008, respectively, the
number of shares excluded from the calculation were 25,200 and 16,000
respectively.

                                   9



                              Three-months Ended September 30,
                               2009                          2008
                                      Per                        Per
                   Income  Shares     Share  Income   Shares     Share
                                      Amount                     Amount
Basic net
 (loss)income
 per common
 share          $(66,983)  1,362,031  $(.05) $19,369  1,362,031  $.01


Effect of
 dilutive
 Securities          --           --    --        --      1,104   --
                 _______    ________   ____    ______   ________  ____

Diluted net
 income
 per common
 share          $(66,983)  1,362,031  $(.05) $19,369  1,363,135  $.01
                ========   =========  =====  =======  =========  ====

6.  Stock Option Plan
=====================

On December 2, 1998, the Employee Stock Option Committee adopted a Stock
Option Plan of 1998, pursuant to which incentive stock options have been
granted to various executives and key employees to purchase shares of
common stock.  Options were granted at fair market value of the stock on
the date of grant and (and with respect those options exercisable as of
September 30, 2009) are exercisable over a ten-year period beginning
December 2, 1999 to September 12, 2010.  At the Annual Meeting of
Stockholders on December 5, 2001, this stock option plan was amended and
restated to, among other things, increase the number of shares which may
be issued under the plan by 25,000 shares, from 60,000 to 85,000.

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). For the three months ended September 30, 2009, the
Company recorded stock option compensation expense of $1,432. The Company
had no stock option expense in the three months ended September 30, 2008.

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 six and seven 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
second quarter of fiscal 2009.


                                      December 31, 2008

Expected dividend yield                       --
Expected volatility                          63.8%
Risk-free interest rate                       1.87%
Expected life in years                        6.7

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.



                                   10














Stock option transactions for the Company's employee stock options plans
for the quarter ended September 30, 2009:

                                                      Weighted
                                                      Average
                                        Shares        Exercise Price

Beginning balance                       25,200        3.09
Granted                                     --          --
Exercised                                   --          --
Cancelled or expired                        --          --
Ending balance                          25,200        3.09
Options exercisable at end of period    20,000        3.47



                                          11









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.  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.

                                    12




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 first quarter of fiscal year 2010, the three month
period ended September 30, 2009, were $36,720 lower when compared to same
period in 2008.  Revenues were lower due to a decrease in customer funded
research and development which was partly offset by increased production
of generator sets under the Company's prime contract to provide 2kW
generator sets to the U.S. Army as well as for delivery to other defense
contractors outside the Company's prime contract and an increase in
revenues for replacement parts and short-term orders when compared to the
same period in fiscal year 2009.

For the three months ended September 30, 2009 production efforts to
provide the Armed Forces with diesel operated generator sets provided
approximately 91% of revenues compared to approximately 83% in the first
quarter of fiscal year 2009 (quarter ended September 30, 2008).  The
Company's research and development contracts provided approximately 1% of
revenues in the first quarter of fiscal 2010, and approximately 10% of
revenues in the first quarter of fiscal 2009.  Replacement parts and
other short-term business including snowmaking equipment provided
approximately 8% of revenues in the first quarter of fiscal year 2010 and
approximately 7% of revenues in the same period of fiscal 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 is expected to
extend until 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 is also expected to continue until 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.


                                13






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.

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 $3.5
million on September 30, 2009 and $6.5 million on September 30, 2008.  It
is estimated that most of the present backlog will be billed during the
next 12 months and be substantially recognized as fiscal year 2010
revenues.


                                        14




Gross Profit
============

The Company earned a gross profit of $364,619 for the three months ended
September 30, 2009 compared to a gross profit of $524,899 for the same
period in 2008.

Gross margin is the measure of gross profit as a percentage of revenues.
It is affected by a variety of factors including, among other items,
product mix, product pricing, and product costs.  The Company had a gross
margin of 16% for the first quarter of fiscal year 2010, ended September
30, 2009, compared to a gross margin of 22% for the first quarter of
fiscal 2009.

The lower gross margin for the first quarter of fiscal year 2010 is the
result of several factors. Principal among these is a change in product
mix, with a decrease in customer funded research and development efforts
and an increase in production of lower margin 2kW generators. The effect
of this change in product mix is that a higher percentage of overhead
expense must be absorbed by the 2kW generator sets which have a
contractually fixed price, rather than by research and development
contracts where revenue is based on actual costs incurred, thus resulting
in an overall lower gross margin.

Gross Margin in the first quarter of fiscal 2010 was further reduced by
continued 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 is in
communication with the Government and is continuing to pursue a pricing
modification under the contract.  This is a labor intensive process and
no assurances can be made that the Government will agree to a
modification, or that such a modification would be equitable to the
Company.

Selling, General and Administrative Expenses
============================================

Selling, General and Administrative Expenses for the first three months
of fiscal 2010 were $424,018 or 18% of revenue compared to $504,255 or
21% of revenue in the first three months of fiscal 2009.  The most
significant reductions in expense were for business development expense
(including consulting expenses), recruiting expenses and education
expense. These reductions were partly offset by increased legal and
professional fees.

Interest Expense
================

The Company had interest expense of $1,564 in the three month period
ended September 30, 2009 compared to no interest expense in the three
month period ended September 30, 2008.

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 $6,020 for the three months ended September 30, 2009 was
comprised of franchise taxes of $4,409 bank fees of $1,982 and interest
income of $371.

Other expense of $1,275 for the three months ended September 30, 2008 was
comprised of bank fees of $1,395 and miscellaneous income of $120.


                                     15





Net Loss/Income before income taxes
===================================

Net loss before income taxes for the three months ended September 2009
was $66,983 and for the three months ended September 30, 2008 net income
was $19,369.

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 $810,000
and $236,000 of federal and state net deferred tax assets respectively,
primarily arising from net operating loss carryforwards, expiring
beginning in 2012.  In the three month period ended September 30, 2009
these federal and state net deferred tax assets increased by
approximately $23,000 and $6,000, 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.  The prior line of
credit expired on February 28, 2007 and was replaced in April 2009, as
described in Note 10 of the Notes to Financial Statements of the
Company's 2009 Form 10-K.  During the first quarter of fiscal 2010 the
Company borrowed $250,000 against this line of credit, which it repaid
during the quarter.

As of September 30, 2009, 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.

At September 30, 2009, the Company's working capital was $2,357,450
compared to $2,231,852 at September 30, 2008.

The ratio of current assets to current liabilities was 3.00 to 1 at
September 30, 2009 and 2.78 to 1 at September 30, 2008.

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


                                   Three Months ended September 30,
                                          2009            2008

Net Cash Provided by(used in)
  Operating activities                 $  130,413       $  410,580
  Investing activities                    (15,061)         (18,297)
  Financing activities                         --               --



                                          16







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 three-month period ended
September 30, 2009 was comprised primarily of net loss before
depreciation and amortization, a decrease in contract costs and estimated
related profits in excess of applicable billings and an increase in
accrued expense which partly offset by increases in inventories, accounts
receivable and prepaid expense and decreases in accounts payable and
accrued pension expenses.

Net cash provided by operating activities in the three-month period ended
September 30, 2008 was comprised primarily of net income before
depreciation and amortization, an increase in billings in excess of costs
and estimated earnings, and decreases in accounts receivable, and
contract costs and estimated related profits in excess of applicable
billings partly offset by an increase in inventories, and decreases in
accounts payable and accrued expenses.

The Company expenses its research and development costs as incurred.
These costs consist primarily of salaries and material costs.  For the
three month period ended September 30, 2009 and September 30, 2008, the
Company expensed $15,762 and $14,814 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 three months of fiscal 2009, net cash of $15,061 was
used in investing activities.  The entire amount was used for capital
expenditures, principally for demonstration and test equipment.

During the first three months of fiscal 2008, net cash of $18,297 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 three
month periods ended September 30, 2009 and 2008, 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). 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.

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.


                                          17






However, since the Act was passed in June of 2004, the State has
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. Significant Accounting Policies 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.

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.


                                 18




Two recent 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
"Revenues" above) utilizes the Company's core expertise in compact and
highly reliable diesel engine power generation.  The recent contract to
develop a prototype 'idle reduction' system consisting of an
environmental control unit and diesel generator builds on the Company's
recent 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
"Revenues" above).

In the near term, continued growth in profitability and broadening the
line of product offerings are the Company's primary objectives.  The
recent 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.

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 the Chief Executive Officer and
Treasurer, an evaluation of the effectiveness of the design and operation
of its 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 year covered by this Annual Report.  Disclosure controls and
procedures include, without limitation, controls and procedures designed
to ensure that information required to be disclosed by the Company in the
reports that it files or submits under the Securities Exchange Act is
accumulated and communicated to management, including its Chief Executive
Officer and Treasurer, as appropriate to allow timely decisions regarding
required disclosure.  Based on this evaluation, the Chief Executive
Officer and Treasurer concluded that, as of September 30, 2009, 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 September 30, 2009 that
materially affected, or are reasonably likely to affect, the Company's
internal control over financial reporting.


                                      19









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 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:  November 13, 2009            John H.D. Dewey
                                    President and Chief Executive Officer




                                    /s/ Stephen P. Krill
Date:  November 13, 2009            Stephen P. Krill
                                    Treasurer







                                     20























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





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