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, 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 November 10,
2010.



                                    2



THE DEWEY ELECTRONICS CORPORATION


INDEX



                                                                 Page No.

Part I  Financial Information

Item 1. Condensed Financial Statements

        Condensed Balance Sheets -
        September 30, 2010(unaudited) and June 30, 2010              4

        Condensed Statements of Operations -
        Three-months Ended September 30, 2010
        and 2009 (unaudited)                                         5

        Condensed Statements of Cash Flows for
        the Three-months Ended September 30, 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                                                  11

Item 4. Controls and Procedures                                     17

Part II Other Information


Item 6. Exhibits                                                    19



                                    3



PART I:  FINANCIAL INFORMATION

ITEM 1.CONDENSED FINANCIAL STATEMENTS

THE DEWEY ELECTRONICS CORPORATION
CONDENSED BALANCE SHEETS

                                       SEPTEMBER 30,       JUNE 30,
                                           2010              2010
ASSETS:                                (unaudited)
CURRENT ASSETS:
  Cash and cash equivalents            $  626,077         $  777,511
  Accounts receivable (net of
   allowance for doubtful accounts of
   $25,000 at September 30, 2010)         757,782            659,852
  Inventories                             798,992            553,472
  Contract costs and related
   estimated profits in excess
   of billings                            684,328            730,977
  Prepaid expenses and other
   current assets                          53,794             47,829
                                        ---------           --------

      TOTAL CURRENT ASSETS              2,920,973          2,769,641
                                        ---------          ---------

PLANT, PROPERTY AND EQUIPMENT:
  Land and improvements                  651,015             651,015
  Building and improvements            1,885,653           1,885,653
  Machinery and equipment              3,192,823           3,189,648
  Furniture and fixtures                 259,096             257,777
                                       ---------           ---------
                                       5,988,587           5,984,093
Less accumulated depreciation          5,100,796           5,080,666
                                       ---------           ---------
                                         887,791             903,427
                                       ---------           ---------

DEFERRED COSTS                            65,095              65,095
                                       ---------           ---------

TOTAL ASSETS                          $3,873,859          $3,738,163
                                       =========           =========


LIABILITIES AND STOCKHOLDERS' EQUITY:
CURRENT LIABILITIES:
  Trade accounts payable              $  467,136          $   91,187
  Accrued expenses and other
    Liabilities                          200,909             242,127
  Accrued compensation and benefits
    Payable                              123,328             170,822
  Accrued pension costs                   16,239              50,022
                                       ---------           ---------

    TOTAL CURRENT LIABILITIES            807,612             554,158
                                       ---------           ---------

LONG-TERM PENSION LIABILITY              525,905             525,905
                                       ---------           ---------

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,
   2010 and June 30, 2010                 16,934              16,934
  Additional paid-in capital           2,833,964           2,827,457
  Retained earnings                      543,614             667,879
  Accumulated other comprehensive
   Loss                                 (367,142)           (367,142)
                                       ---------            --------
                                       3,027,370           3,145,128
Less: Treasury stock 331,366 shares
  at cost                               (487,028)           (487,028)
                                       ---------           ---------

  TOTAL STOCKHOLDERS' EQUITY           2,540,342           2,658,100
TOTAL LIABILITIES AND STOCKHOLDERS'
  EQUITY                              $3,873,859          $3,738,163
                                       =========           =========

See accompanying notes to condensed financial statements

                             4



THE DEWEY ELECTRONICS CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
(UNAUDITED)

                                              THREE-MONTHS ENDED
                                                 SEPTEMBER 30,
                                              2010        2009

Revenues                                   $1,615,483   $2,346,478

Cost of revenues                            1,349,383    1,981,859
                                            ---------   ----------

Gross profit                                  266,100      364,619

Selling, general & administrative             391,684      424,018
                                            ---------    ---------

Operating (Loss)                             (125,584)     (59,399)

   Interest expense                                --        1,564

   Other income/(expense)  net                  1,319       (6,020)
                                            ---------      -------

(Loss) before income taxes                   (124,265)     (66,983)

Provision for income tax                           --           --
                                            ---------    ---------

NET (LOSS)                                 $ (124,265)   $ (66,983)
                                            =========    =========






NET (LOSS) PER COMMON SHARE-BASIC               $(0.09)     $(0.05)
NET (LOSS) PER COMMON SHARE-DILUTED             $(0.09)     $(0.05)


Weighted average number of shares
outstanding:
   Basic                                     1,362,031   1,362,031
   Diluted                                   1,362,031   1,362,031

See accompanying notes to condensed financial statements

                                  5


THE DEWEY ELECTRONICS CORPORATION
CONDENSED STATEMENTS OF CASH FLOWS
(UNAUDITED)
                                          THREE-MONTHS ENDED
                                             SEPTEMBER 30,
                                          2010        2009

CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)                               $(124,265)   $(66,983)
                                          --------    --------
Adjustments to reconcile net income
 (loss) to Net cash (used in)/provided
 by operating activities:
   Depreciation                             20,130      26,326
   Stock option compensation expense         6,507       1,432
   (Increase) in accounts receivable      (122,930)   (119,744)
   Increase in allowance for doubtful
      accounts                              25,000          --
   (Increase) in inventories              (245,520)   (121,164)
   Decrease in contract costs and
    related estimated profits in
    excess of billings                      46,649     598,219
   (Increase) in prepaid expenses and
    other current assets                    (5,965)    (46,395)
   Increase/(decrease) in trade accounts
     Payable                               375,949    (173,723)
   Increase/(decrease) in accrued
    expenses and other liabilities         (88,712)     64,860
   (Decrease) in pension liability         (33,783)    (32,415)
                                          --------     -------
   Total adjustments                       (47,675)    197,396
                                          --------     -------

NET CASH (USED IN)/PROVIDED BY
  OPERATING ACTIVITIES                    (146,940)    130,413
                                         ---------    --------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Expenditures for plant, property and
   Equipment                                (4,494)    (15,061)
                                           -------    --------

NET CASH USED IN INVESTING ACTIVITIES       (4,494)    (15,061)
                                           -------    --------

CASH FLOWS FROM FINANCING ACTIVITIES:
Short term borrowings                          --      250,000
Repayment of short term borrowings             --     (250,000)
                                            -----      -------

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

NET (DECREASE)/INCREASE IN CASH AND
  CASH EQUIVALENTS                       (151,434)     115,352

CASH AND CASH EQUIVALENTS AT BEGINNING
  OF PERIOD                               777,511      518,600
                                          -------     --------

CASH AND CASH EQUIVALENTS AT END OF
  PERIOD                               $  626,077   $  633,952
                                       ==========   ==========


SUPPLEMENTAL DISCLOSURES OF CASH FLOW
  INFORMATION

      Interest received$               $     496    $      371
      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,
2010 (the "2010 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, 2010, 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, 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,
2011.

As of September 30, 2010, there have been no material changes to any of the
significant accounting policies described in our 2010 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 generator sets,
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, 2010
the Company had one development sub-contract for which it recognized revenues
on a time and material basis.

The Company uses the percentage-of-completion method to recognize revenues
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.  Revenues 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 April 2010, the FASB issued ASU No. 2010-17, Revenue Recognition -
Milestone Method.  This ASU provides guidance on the criteria that should be
met for determining whether the milestone method of revenue recognition is
appropriate.  Under the milestone method of revenue recognition,
consideration that is contingent upon achievement of a milestone in its
entirety can be recognized as revenue in the period in which the milestone is
achieved only if the milestone meets all criteria to be considered
substantive.  This standard provides the criteria to be met for a milestone
to be considered substantive which includes that performance consideration
earned by achieving the milestone: a) be commensurate with either performance
to achieve the milestone or the enhancement of the value of the item
delivered as a result of a specific outcome resulting from performance to
achieve the milestone; and b) relate to past performance and be reasonable
relative to all deliverables and payment terms in the arrangement.  This
standard is effective on a prospective basis for milestones in fiscal years
beginning on or after June 15, 2010.  The Company currently has no milestone
delineated contracts, therefore the adoption of this ASU in the first quarter
of fiscal 2011 had no affect on the Company's financial position or results
of operations.

Accounting Standards Updates Not Yet Effective
==============================================
Other Accounting Standards Updates not effective until after September 30,
2010 are not expected to have a significant effect on the Company's financial
position or results of operations.


                                         8







3.  Inventories
===============
Inventories consist of:

                             September 30, 2010       June 30, 2010

Finished Goods                     $44,070              $54,912
Work In Progress                   185,149               48,892
Raw Materials                      569,773              449,668
                                   -------              -------
Total                             $798,992             $553,472
                                  ========             ========

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 $998,000 and
$196,000 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, 2010 these federal and state
net deferred tax assets increased by approximately $42,000 and $11,000,
respectively, as a result of a net loss for the 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.  All outstanding stock options were excluded from the
computation of earnings per share due to their anti-dilutive effect, the
result of a net loss in the three month periods ended September 30, 2010 and
September 30, 2009.  For the three-months ended September 30, 2010 and
September 30, 2009, respectively, the number of shares excluded from the
calculation were 36,700 and 25,200 respectively.



                              Three-months Ended September 30,
                          2010                                 2009
                                    Per                               Per
              Income     Shares     Share    Income    Shares         Share
                                    Amount                            Amount
Basic
 Net
 (loss)
 per
 common
 share       $(124,265)  1,362,031  $(.09)   $(66,983)  1,362,031   $(.05)

Effect
 Of
 dilutive
 Securities       --          --      --         --          --       --
             -------    --------   -----    -------    --------    -----

Diluted
 Net
 (loss)
 Per
 Common
 Share       $(124,265)  1,362,031  $(.09)   $(66,983)  1,362,031   $(.05)
             ========   =========  =====     =======   =========   =====

                                      9



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 December 12, 2012 to
March 30, 2020.

For the three months ended September 30, 2010, the Company recorded stock
option compensation expense of $6,507.  For the three months ended September
30, 2009, the Company recorded stock option compensation expense of $1,432.

Stock option transactions for the Company's employee stock options plans for
the quarter ended September 30, 2010:

                                                           Weighted
                                                           Average
                                      Shares               Exercise Price
Beginning balance                     40,700                   2.80
Granted                                   --                     --
Exercised                                 --                     --
Cancelled or expired                   4,000                   1.63
Ending balance                        36,700                   2.92
Options exercisable at end
 of period                            20,700                   3.41

                                 10




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 2010 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 2010 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 2010 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 generator sets,
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, 2010
the Company had one development sub-contract for which it recognized revenues
on a time and material basis.

                                     11


The Company uses the percentage-of-completion method to recognize revenues
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.  Revenues 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 2011, the three month period
ended September 30, 2010, were $730,995 lower when compared to same period in
2009.  The decrease in revenues was due to reduced 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. A reduction in revenues from customer sponsored
research and development contracts was offset by a small increase in revenues
from sales of replacement parts and other short-term business when compared
to the same period in fiscal year 2010.

For the three months ended September 30, 2010 production efforts to provide
the Armed Forces with diesel operated generator sets provided approximately
87% of revenues compared to approximately 91% in the first quarter of fiscal
year 2010 (quarter ended September 30, 2009).  Replacement parts and other
short-term business provided approximately 13% of revenues in the first
quarter of fiscal year 2011 and approximately 8% of revenues in the same
period of fiscal 2010. The Company realized no revenues from research and
development contracts in the first quarter of fiscal 2011, and approximately
1% of revenues in the first quarter of fiscal 2010.

The aggregate value of the Company's backlog of sales orders was $4.2 million
on September 30, 2010 and $3.5 million on September 30, 2009.  It is
estimated that most of the present backlog will be billed during the next 12
months and be substantially recognized as fiscal year 2011 revenues.

Gross Profit
============
The Company earned a gross profit of $266,100 for the three months ended
September 30, 2010 compared to a gross profit of $364,619 for the same period
in 2009. The reduction in gross profit was a result of the lower revenues
described above. As a result of the decreased demand for the Company's 2kW
generator sets the Company temporarily reduced operating hours by 10% at the
beginning of the fourth quarter of its fiscal year ended June 30, 2010 and
continued to operate with reduced operating hours through July of 2010. The
Company returned to normal operating hours in August 2010, during the first
fiscal quarter of 2011.

Despite the decrease in revenues, gross profit as a percentage of revenues in
the first three months of fiscal year 2011 increased slightly when compared
to the same period last year as the result of a shift in product mix toward a
higher proportion of revenues from replacement parts and other short-term
business.

                                      12


Selling, General and Administrative Expenses
============================================
Selling, General and Administrative Expenses for the first three months of
fiscal 2011 were $391,684 or 24% of revenues compared to $424,018 or 18% of
revenues in the first three months of fiscal 2010.  The most significant
reductions in expense and their approximate amounts were in legal and
professional fees ($26,000), salaries ($21,000 - as a result of temporary
staff reductions and the reduction in hours worked and paid during July),
consulting fees ($14,000), and general corporate expense ($10,000), all of
which were partly offset by an increase in allowance for doubtful accounts
of $25,000 and an increase in Company sponsored research and development
expense of $15,000.

Interest Expense
===============
The Company had no interest expense in the three month period ended September
30, 2010 compared to interest expense of $1,564 in the three month period
ended September 30, 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 income of $1,319 for the three months ended September 30, 2010 was
comprised primarily of sales of scrap material and interest income, partially
offset by miscellaneous bank fees.

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.

Net Loss/Income before income taxes
===================================
Net loss before income taxes for the three months ended September 30, 2010
was $124,265 and $66,983 for the three months ended September 30, 2009.

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 $998,000 and
$196,000 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, 2010 these federal and state
net deferred tax assets increased by approximately $42,000 and $11,000,
respectively, as a result of a net loss for the period.

                                      13


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.

As of September 30, 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.

At September 30, 2010, the Company's working capital was $2,113,361 compared
to $2,357,450 at September 30, 2009.

The ratio of current assets to current liabilities was 3.62 to 1 at September
30, 2010 and 3.00 to 1 at September 30, 2009.

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

                                 Three Months ended September 30,
                                          2010         2009

Net Cash Provided by(used in)
  Operating activities               $  (146,940)    $  130,413
  Investing activities                    (4,494)       (15,061)
  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 used in operating activities in the three-month period ended
September 30, 2010 was comprised primarily of net loss before depreciation
and amortization and increases in accounts receivable, allowance for
doubtful accounts, inventories, and prepaid expenses and decreases in
accrued expenses and other liabilities, and accrued pension costs. These
were partly offset by a decrease in contract costs and estimated related
profits in excess of applicable billings and an increase in trade
accounts payable and other accrued expenses.

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 expenses and
other liabilities which was partly offset by increases in inventories,
accounts receivable and prepaid expense and decreases in trade accounts
payable 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 three month
period ended September 30, 2010 and September 30, 2009, the Company expensed
$31,061 and $15,762 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.

                                     14



Investing Activities:
====================
During the first three months of fiscal 2011, net cash of $4,494 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 2010, net cash of $15,061 was used in
investing activities.  The entire amount was used for capital expenditures,
principally for demonstration and test equipment.

Financing Activities:
====================
The Company did not use any cash in financing activities during the three
month periods ended September 30, 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
2010 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 the
Company's Quarterly Report for the quarter ended March 31, 2010.)  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.

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 the Governor 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.

                                    15

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.

The Company currently has a 10 year indefinite quantity, indefinite delivery
contract with the U.S. Army to supply 2kW generator sets. This contract
allows for the U.S. Army to place annual production orders and to place
additional interim orders until the end of August 2011 when the contract
expires.  Production traditionally occurs six to twelve months after the
receipt of an order. The Company anticipates that the Government will
continue to require these generators and that a new contract will be put out
to bid before August 2011.  However, no assurances can be given that the
Company will be awarded the new contract, or that further orders will be
placed or, if placed, the timing and amount of such orders.

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 in recent years 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. One contract for a
Logistics Vehicle Power Supply "LVPS" (a diesel powered 3.5 kilowatt
generator set providing power to equipment that protects against improvised
explosive devices) utilized the Company's core expertise in compact and
highly reliable diesel engine power generation.  Another contract to develop
a prototype 'idle reduction' system consisting of an environmental control
unit and diesel generator built 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 a customer
funded research and development sub-contract where the Company is designing
and prototyping electronic controls for diesel fuel cell systems.

                                    16


In the near term, a return to profitability and broadening the line of
product offerings are the Company's primary objectives.  The development
contracts and subcontracts described above as well as internal Company
sponsored development efforts 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 4.	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 September 30,
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 September 30, 2010 that materially
affected, or are reasonably likely to affect, the Company's internal control
over financial reporting.


                                   17




PART II - OTHER INFORMATION


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 12, 2010        John H.D. Dewey
                                President and Chief Executive Officer




                                /s/ Stephen P. Krill
Date:  November 12, 2010        Stephen P. Krill
                                Treasurer





                                  18
































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






                                  19