SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10 QSB

OMB Approval
OMB Number XXXX-XXXX
Expires Approval Pending
Estimated Average Burden Hours Per Response 1.0


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

                     for the Quarter Ended February 25, 2006


              For the Transition Period from_________ to _________
                          Commission File Number 0-5109


                            MICROPAC INDUSTRIES, INC.




Delaware                                                      75-1225149
------------------                             ---------------------------------
(State of Incorporation)                       (IRS Employer Identification No.)

905 E. Walnut, Garland, Texas                                 75040
-----------------------------                                 ------------------
(Address of Principal Executive Office)                       (Zip Code)

Registrant's Telephone Number, including Area Code            (972) 272-3571
                                                              ------------------

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act of 1934 during the past 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
   -------                                                               -------



On February  25, 2006,  2,578,315  shares of Common  Stock,  $.10 par value were
outstanding.



<PAGE>

                            MICROPAC INDUSTRIES, INC.

                                   FORM 10-QSB

                                FEBRUARY 25, 2006

                                      INDEX

PART I   - FINANCIAL INFORMATION

           ITEM 1 -   FINANCIAL STATEMENTS

                      Condensed  Statements  of  Operations  for the  three
                      months ended February 25, 2006 and February 26, 2005
                      Condensed Balance Sheets as of February 25, 2006 and
                      November 30, 2005 Condensed Statements of Cash Flows
                      for the three months ended February 25, 2006 and
                      February 26, 2005 Notes to Financial Statements

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

           ITEM 3-    CONTROLS AND PROCEDURES



PART II  - OTHER INFORMATION

           ITEM 1 -   LEGAL PROCEEDINGS
           ITEM 2 -   CHANGES IN SECURITIES
           ITEM 3 -   DEFAULTS UPON SENIOR SECURITIES
           ITEM 4 -   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
           ITEM 5 -   OTHER INFORMATION
           ITEM 6 -   EXHIBITS AND REPORTS ON FORM 8-K

                  (a)      Exhibits

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

                  31.2     Certification of Chief Accounting Officer 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 Chief Accounting Officer pursuant to
                           U. S. C. section 1350, as adopted pursuant to section
                           906 of the Sarbanes-Oxley act of 2002.


                  (b)      Reports on Form 8-K



SIGNATURES






                                       2
<PAGE>
<TABLE>
<CAPTION>

PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS



                            MICROPAC INDUSTRIES, INC.
                       CONDENSED STATEMENTS OF OPERATIONS
                    (Dollars in thousands except share data)
                                   (Unaudited)




                                                         For three months ended
                                                         2/25/06        2/26/05
                                                       -----------    -----------
<S>                                                    <C>            <C>

NET SALES                                              $     4,407    $     4,313

COST AND EXPENSES:

    Cost of goods sold                                      (2,996)        (2,651)

    Research and development                                   (80)          (116)

    Selling, general & administrative expenses                (763)          (758)
                                                       -----------    -----------

           Total cost and expenses                          (3,839)        (3,525)


OPERATING INCOME BEFORE INTEREST                               568            788
   AND INCOME TAXES

    Interest income                                             34             15
                                                       -----------    -----------

INCOME BEFORE TAXES                                            602            803

    Provision for taxes                                       (229)          (305)
                                                       -----------    -----------

NET INCOME                                             $       373    $       498
                                                       ===========    ===========

NET INCOME PER SHARE, BASIC AND DILUTED                $      0.14    $      0.19

DIVIDENDS PER SHARE                                    $      0.15    $      0.12

WEIGHTED AVERAGE NUMBER OF SHARES, Basic and diluted     2,578,315      2,578,315
</TABLE>


                 See accompanying notes to financial statements.


These  statements  reflect all adjustments  which, in the opinion of management,
are necessary for fair statement of the results for the interim period.



                                       3
<PAGE>
<TABLE>
<CAPTION>

                            MICROPAC INDUSTRIES, INC.
                            CONDENSED BALANCE SHEETS
                             (Dollars in thousands)
                                   (Unaudited)

                                     ASSETS

CURRENT ASSETS                                                         2/25/06    11/30/05
                                                                      --------    --------
<S>                                                                   <C>         <C>

     Cash and cash equivalents                                        $    657    $  1,722
     Short term investments                                              3,333       2,527
     Receivables, net of allowance for doubtful accounts of $89 on       2,926       3,057
         February 25, 2006 and $89 on November 30, 2005
     Inventories:
         Raw materials                                                   2,000       1,825
         Work-in process                                                 1,697       1,718
                                                                      --------    --------
     Total Inventories                                                   3,697       3,543
     Prepaid expenses and other current assets                              55          76
     Deferred income tax                                                   614         614
                                                                      --------    --------
                      Total current assets                              11,282      11,539
                                                                      --------    --------

PROPERTY, PLANT AND EQUIPMENT, at cost:
     Land                                                                   80          80
     Buildings                                                             498         498
     Facility improvements                                                 796         796
     Machinery and equipment                                             5,741       5,689
     Furniture and fixtures                                                488         487
                                                                      --------    --------
                      Total property, plant, and equipment               7,603       7,550
         Less accumulated depreciation                                  (6,404)     (6,338)
                                                                      --------    --------
                      Net property, plant, and equipment                 1,199       1,212

                      Total assets                                    $ 12,481    $ 12,751
                                                                      ========    ========

                      LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:
     Accounts payable                                                 $    605    $    768
     Accrued compensation                                                  294         690
     Other accrued liabilities                                             144         151
        Deferred revenue                                                   581         499
     Income taxes payable                                                  376         147
                                                                      --------    --------
                      Total current liabilities                          2,000       2,255
                                                                      --------    --------

DEFERRED INCOME TAXES                                                       74          74

SHAREHOLDERS' EQUITY
     Common stock, ($.10 par value), authorized 10,000,000 shares,         308         308
        3,078,315 issued 2,578,315 outstanding at February 25, 2006
        and  November 30, 2005
     Paid-in capital                                                       885         885
     Treasury stock, 500,000 shares, at cost                            (1,250)     (1,250)
     Retained earnings                                                  10,464      10,479
                                                                      --------    --------

                      Total shareholders' equity                        10,407      10,422
                                                                      --------    --------

                      Total liabilities and shareholders' equity      $ 12,481    $ 12,751
                                                                      ========    ========
</TABLE>





                 See accompanying notes to financial statements.


These  statements  reflect all adjustments  which, in the opinion of management,
are necessary for fair statement of the results for the interim period.


                                       4
<PAGE>
<TABLE>
<CAPTION>

                            MICROPAC INDUSTRIES, INC.
                       CONDENSED STATEMENTS OF CASH FLOWS
                             (Dollars in thousands)
                                   (Unaudited)

                                                                      For three months ended
                                                                       2/25/06      2/26/05
                                                                      ---------    ---------
<S>                                                                   <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
     Net Income                                                       $     373    $     498
     Adjustments to reconcile net income to:
         Cash from operating activities:
             Depreciation and amortization                                   65           57
         Changes in current assets and liabilities:
             Accounts receivable                                            131         (275)
             Inventories                                                   (154)         (39)
             Prepaid expenses and other current assets                       21           35
             Deferred revenue                                                82          141
             Accounts payable                                              (163)         205
             Accrued compensation                                          (396)        (271)
             Other accrued liabilities                                       (7)         (41)
             Income taxes payable                                           229          176
                                                                      ---------    ---------

                  Net cash provided by operating activities                 181          486

CASH FLOWS FROM INVESTING ACTIVITIES:
        Changes in investments                                             (806)         595
        Additions to property, plant and equipment                          (52)         (68)
                                                                      ---------    ---------

                  Net cash used in provided by investing activities        (858)         527

CASH FLOWS FROM FINANCING ACTIVITIES
         Cash dividend                                                     (388)        (309)
                                                                      ---------    ---------

                  Net cash used in financing activities                    (388)        (309)
                                                                      ---------    ---------

Net change in cash and cash equivalents                                  (1,065)         704

Cash and Cash Equivalents at beginning of period                          1,722        1,239
                                                                      ---------    ---------

Cash and Cash Equivalents at end of period                            $     657    $   1,943
                                                                      =========    =========

Supplemental Cash Flow Disclosure

      Cash Paid For Income Taxes                                      $       0    $     125
                                                                      =========    =========
</TABLE>




                 See accompanying notes to financial statements.



                                       5
<PAGE>

                            MICROPAC INDUSTRIES, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

Note 1

In the opinion of management,  the unaudited  consolidated  financial statements
include all  adjustments  (consisting  of only  normal,  recurring  adjustments)
necessary to present fairly the financial  position as of February 25, 2006, the
cash flows for the three months  ended  February 25, 2006 and February 26, 2005,
and the results of operations  for the three months ended  February 25, 2006 and
February  26,  2005.  Unaudited  financial  statements  are  prepared on a basis
substantially  consistent  with those  audited for the year ended  November  30,
2005.  Certain  information  and  footnote   disclosures  normally  included  in
financial  statements  prepared in accordance with generally accepted accounting
principles in the United States have been  condensed or omitted  pursuant to the
rules and  regulations  promulgated by the  Securities and Exchange  Commission.
However, management believes that the disclosures contained are adequate to make
the information presented not misleading.


Note 2

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States  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 the reported  amounts of sales and expenses  during the reporting
period. Actual results could differ from those estimates.


Note 3

On December  22,  2005,  the Board of  Directors  of Micropac  Industries,  Inc.
approved the payment of a $.15 per share dividend to all  shareholders of record
on February 3, 2006. The dividend was paid to shareholders on February 10, 2006.

On December  29,  2004,  the Board of  Directors  of Micropac  Industries,  Inc.
approved the payment of a $.12 per share dividend to all  shareholders of record
on January 25, 2005. The dividend was paid to shareholders on February 8, 2005.


Note 4

On March 1, 2001,  the Company's  shareholders  approved the 2001 Employee Stock
Option  Plan (the "Stock  Plan").  As of  February  25, 2006 there were  500,000
options available to be granted. No options have been granted to date.


Note 5

On June 1, 2005 the  Company  renewed  an  uncollateralized  $3,000,000  line of
credit  agreement with a bank. The interest rate is equal to the prime rate less
1/4%. The line of credit requires that the Company  maintain  certain  financial
ratios. The financial covenants require the Company to maintain a quick ratio of
at least 1:1,  maintain  tangible net worth of $6,250,000 plus 75% of future net
income,  and  maintain  total  liabilities  to  tangible  net worth of less than
1.25:1. The Company is in compliance with these covenants.  The Company has not,
to date, used any of the available line of credit.


Note 6

Basic and  diluted  earnings  per share are  computed  based  upon the  weighted
average number of shares outstanding during the year. Diluted earnings per share
gives effect to all dilutive potential common shares. For the three months ended
February 25, 2006 and February 26, 2005,  the Company had no dilutive  potential
common stock.



Note 7

Glast,  Phillips & Murray, P.C. serves as the Company's legal counsel. Mr. James
K. Murphey, a director and member of the Company's audit committee,  is a member
of Glast, Phillips & Murray, P.C.




                                       6
<PAGE>

                            MICROPAC INDUSTRIES, INC.
                                   (Unaudited)


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

Business
--------

Micropac Industries, Inc. (the "Company"), a Delaware corporation,  manufactures
and distributes various types of hybrid  microelectronic  circuits,  solid state
relays,  power  operational  amplifiers,   and  optoelectronic   components  and
assemblies.  The  Company's  products are used as components in a broad range of
military,  space and industrial systems,  including aircraft instrumentation and
navigation systems,  power supplies,  electronic  controls,  computers,  medical
devices,  and  high-temperature  (200o C) products.  The Company's  products are
either custom (being application  specific circuits designed and manufactured to
meet the particular requirements of a single customer) or standard,  proprietary
components such as catalog items.

Results of Operations
---------------------

                                                           Three months ended
                                                         2/25/2006    2/26/2005
                                                         ---------    ---------
NET SALES                                                  100.0%       100.0%

COST AND EXPENSES:
    Cost of goods sold                                      68.0%        61.5%
    Research and development                                 1.8%         2.7%
    Selling, general & administrative expenses              17.3%        17.5%
                                                         ---------    ---------

             Total cost and expenses                        87.1%        81.7%


OPERATING INCOME BEFORE INTEREST                            12.9%        18.3%
           AND INCOME TAXES

    Interest income                                          0.8%         0.3%

INCOME BEFORE TAXES                                         13.7%        18.6%

    Provision for taxes                                      5.2%         7.1%

NET INCOME                                                   8.5%        11.5%




Sales for the first quarter ended  February 25, 2006 totaled  $4,407,000.  Sales
for the first quarter  increased 2.2% or $94,000 above sales for the same period
of 2005.  Sales for the first quarter of 2006 compared to 2005  decreased 51% in
the commercial  market,  increased 43% in the military market, and increased 19%
in the space market.  International  sales  increased 34%. Sales were 19% in the
commercial  market,  61% in the  military  market,  and 20% in the space  market
compared to 40% in the commercial market, 43% in the military market, and 17% in
the space market for the same period of 2005. First quarter 2006 sales decreased
$880,000 in the commercial  market with the completion of significant  contracts
for  custom   optoelectronics   assemblies   and   microcircuits   supplied   to
semiconductor  equipment  manufacturers,   while  sales  through  the  Company's
distribution channels to the military market increased $200,000 in 2006 compared
to 2005. In addition,  sales  increased  approximately  $600,000 in the military
market for custom optoelectronic assemblies.

Cost of goods sold for the first  quarter  2006  versus 2005  totaled  68.0% and
61.5% of net sales. Cost of goods sold dollars  increased  $345,000 in the first
quarter of 2006, compared to 2005 due to product mix changes and higher overhead
expenses  based on additional  engineering  and technical  staffing begun in the
second half of 2005.




                                       7
<PAGE>

Selling,  general  and  administrative  expenses  for the first  quarter of 2006
totaled 17.3%,  compared to 17.5% for the same period in 2005. Selling,  general
and  administrative  expenses  increased  $5,000 in the first  quarter  of 2006,
compared to 2005.

Net income in the first quarter of 2006 totaled  $373,000,  compared to $498,000
for the  comparable  period in 2005.  Net income per share totaled $.14 and $.19
for the comparable three months of 2006 and 2005, respectively.  The decrease in
net income is  attributable  to higher  cost of goods  sold due to  product  mix
changes and additional  engineering  and technical  staffing begun in the second
half of 2005.

Total  assets  decreased  $270,000 to  $12,481,000  as of February 25, 2006 from
$12,751,000  as of  November  30,  2005 with a decrease  in cash and  short-term
investments of $259,000, accounts receivable decrease of $131,000, a decrease in
net property, plant, and equipment of $13,000 and a decrease in prepaid expenses
of $21,000.

Inventories  totaled $3,679,000 at the end of the first quarter 2006 compared to
$3,543,000  on  November  30,  2005,  an  increase of  $154,000.  Raw  materials
inventories including supplies increased $175,000 since November 30, 2005, while
work-in  process  inventories  decreased  $21,000.  The increase in inventory is
consistent with the current business level.

Current  liabilities  totaled  $2,000,000  on February 25, 2006  representing  a
decrease of  $255,000  from  November  30,  2005;  primarily  associated  with a
decrease  in  accounts  payable of  $163,000,  an increase of $229,000 in income
taxes payable, a decrease in other accrued liabilities of $7,000, an increase in
deferred  revenue  of $82,000  for  advance  payments  from  customers.  Accrued
compensation  decreased  $396,000  with the payment of bonuses to the  Company's
employees.

Shareholders'  equity decreased $15,000 in the first three months of 2006 with a
net income of $373,000 offset by the dividend payment of $388,000.  Earnings per
share for the three month period totaled $.14 per share.

Liquidity and Capital Resources

Cash and  short-term  investments  as of February  25, 2006  totaled  $3,990,000
compared to  $4,249,000  on November  30,  2005,  a decrease  of  $259,000.  The
decrease in cash and short-term investments is attributable to $181,000 net cash
provided by operations, offset by the payment of a cash dividend of $388,000 and
the investment of $52,000 in equipment.

Cash flows from operating  activities  for the quarter ending  February 25, 2006
were $181,000 compared to $486,000 for the quarter ending February 26, 2005.

A special  cash  dividend  of  $388,000  was paid on  February  10,  2006 to all
shareholders of record on February 3, 2006.

During fiscal 2005 the Company  renewed an  uncollateralized  $3,000,000 line of
credit  agreement with a bank. The interest rate is equal to the prime rate less
1/4%. The line of credit requires that the Company  maintain  certain  financial
ratios. The financial covenants require the Company to maintain a quick ratio of
at least 1:1,  maintain  tangible net worth of $6,250,000 plus 75% of future net
income,  and  maintain  total  liabilities  to  tangible  net worth of less than
1.25:1. The Company is in compliance with these covenants.  The Company has not,
to date, used any of the available line of credit.

The  Company  expects  to  generate  adequate  amounts  of cash from the sale of
products and services and the collection thereof to meet its liquidity needs.

Outlook

New  orders  for the  first  quarter  of 2006  totaled  $4,110,000  compared  to
$3,946,000  for the comparable  period of 2005.  The Company's  major new orders
received  in the first  quarter of 2006 were for  custom  standard  solid  state
relays  and  solid  state  power  controller  products  for  military  and space
applications  and standard  optoelectronics  products sold through  distribution
channels.

Backlog  totaled  $9,045,000  on February 25, 2006  compared to $8,933,000 as of
February 26,  2005.  The majority of the backlog is shippable in the next twelve
(12) months.  The Company's backlog is 11% in the commercial  market, 54% in the
military market, and 35% in the space market.

The Company  cannot assure that the results of operations for the interim period
presented  are   indicative  of  total  results  for  the  entire  year  due  to
fluctuations  in customer  delivery  schedules,  or other factors over which the
Company has no control.

Cautionary Statement

This Form 10-QSB contains  forward-looking  statements that are made pursuant to
the safe harbor  provisions of the Private  Securities  Litigation Reform Act of
1995.  Actual  results  could  differ  materially.  Investors  are  warned  that
forward-looking  statements involve risks and unknown factors including, but not
limited to, customer cancellation or rescheduling of orders,  problems affecting
delivery  of  vendor-supplied   raw  materials  and  components,   unanticipated
manufacturing problems and availability of direct labor resources.



                                       8
<PAGE>

Such  risks  and  uncertainties  include,  but are  not  limited  to  historical
volatility  and  cyclicality  of the  semiconductor  and  semiconductor  capital
equipment  markets that are subject to significant and often rapid increases and
decreases in demand. In addition, the Company produces silicon  phototransistors
and light  emitting diode die for use in certain  military,  standard and custom
products.  Fabrication  efforts sometimes may not result in successful  results,
limiting the  availability of these  components.  Competitors  offer  commercial
level  alternatives and our customers may purchase our competitors'  products if
the Company is not able to manufacture the products using these  technologies to
meet the customer demands.  Approximately $1,740,000 of the Company's backlog is
dependent on these semiconductors.

The  Company  disclaims  any   responsibility  to  update  the   forward-looking
statements contained herein, except as may be required by law.


ITEM 3. CONTROLS AND PROCEDURES

     (a)  Evaluation of disclosure controls and procedures.

          The Chief Executive Officer and Chief Financial Officer of the Company
          evaluated the Company's disclosure controls and procedures (as defined
          in Exchange Act Rules 13a-15 (e) as of February 25, 2006 and, based on
          this evaluation,  concluded that the Company's disclosure controls and
          procedures are  functioning in an effective  manner to ensure that the
          information  required  to be  disclosed  by the Company in the reports
          that it  files  or  submits  under  the  Exchange  Act,  is  recorded,
          processed,  summarized and reported, within the time periods specified
          in the SEC's rules and forms. .

     (b)  Changes in internal controls.

          There  has been no  change  in the  Company's  internal  control  over
          financial  reporting  that has materially  affected,  or is reasonably
          likely to  materially  affect,  the  Company's  internal  control over
          financial reporting.


PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS
          -----------------

          The Company is not involved in any material  current or pending  legal
          proceedings.

ITEM 2.   CHANGES IN SECURITIES
          ---------------------

          None

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES
          -------------------------------

          None

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
          ---------------------------------------------------

          None

ITEM 5.   OTHER INFORMATION
          -----------------

          None

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K
          --------------------------------

          (a)  Exhibits

          31.1 Certification of Chief Executive  Officer pursuant to Section 302
               of the Sarbanes- Oxley Act of 2002
          31.2 Certification of Chief Accounting Officer 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 Chief  Accounting  Officer pursuant to U. S. C.
               section  1350,  as  adopted   pursuant  to  section  906  of  the
               Sarbanes-Oxley act of 2002.


                                       9
<PAGE>


          (b)  Reports on Form 8-K

On December  22,  2005,  the Board of  Directors  of Micropac  Industries,  Inc.
approved the payment of a $.15 per share dividend to all  shareholders of record
on February 3, 2006. The dividend was paid to shareholders on February 10, 2006


SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned duly authorized.



                            MICROPAC INDUSTRIES, INC.



April 7, 2006                                             /s/ Mark King
-------------                                            -----------------------
Date                                                     Mark King
                                                         Chief Executive Officer


April 7, 2006                                             /s/ Patrick Cefalu
-------------                                            -----------------------
Date                                                     Patrick Cefalu
                                                         Chief Financial Officer














                                       10