----

----

**UNITED        STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**Washington,        D.C. 20549**

**FORM        10-Q**

**x**
**        QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES        EXCHANGE ACT OF 1934**

**For        the quarterly period ended December 31, 2005**

**o**
**        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES        EXCHANGE ACT OF 1934**

**TECH/OPS        SEVCON, INC.**

*(Exact        name of registrant as specified in its charter)*

| **Delaware**                                                                                       | **04-2985631**                                          |
|----------------------------------------------------------------------------------------------------|---------------------------------------------------------|
| *(State                  or other jurisdiction of incorporation or                  organization)* | *(I.R.S.                  Employer Identification No.)* |

**155        Northboro Road, Southborough, Massachusetts, 01772**

*(Address        of principal executive offices and zip code)*

**(508)        281 5510**

*(Registrant's        telephone number, including area code)*

**x**
**o**

**o**
**o**
** **
** **
**x**

**o**
**x**

| **Class**                                         | **Outstanding                  at February 14, 2006** |
|---------------------------------------------------|-------------------------------------------------------|
| **Common                  stock, par value $.10** | **3,209,051**                                         |

*-            1            -*

----

*INDEX*

**TECH****/OPS,        SEVCON LTD**

**FORM        10-Q**

**FOR        THE QUARTER ENDED DECEMBER 31, 2005**

**INDEX**

| **PART                  I -FINANCIAL INFORMATION**                                                                                                             | **PAGE** |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
| **Item                  1** **Financial                  Statements**                                                                                     | 3        |
| Consolidated                  Balance Sheets                                                                                                                   | 3        |
| Consolidated                  Statements of Income                                                                                                             | 4        |
| Consolidated                  Statements of Comprehensive Income                                                                                               | 4        |
| Consolidated                  Statements of Cash Flows                                                                                                         | 5        |
| Notes                  to Consolidated Financial Statements                                                                                                    | 6        |
| **Item                  2** Management’s                  Discussion and Analysis of Financial Condition and Results of                  Operations | 10       |
| **Item                  3** Quantitative                  and Qualitative Disclosures about Market Risk                                                   | 16       |
| **I****tem                  4** Controls                  and Procedures                                                                                  | 17       |
| **PART                  II - OTHER INFORMATION**                                                                                                               | 18       |
| **Item                  6** Exhibits                                                                                                                      | 18       |
| **SIGNATURES**                                                                                                                                                 | 18       |
| **INDEX                  OF EXHIBITS**                                                                                                                         | 18       |

*-            2            -*

----

*INDEX*

**ITEM        1****.        FINANCIAL STATEMENTS**

**CONSOLIDATED****BALANCE        SHEETS**

| (in                  thousands of dollars except per share data)                                                                                                                                                                                                                                                        |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                    |   | **December                  31, 2005** |   | September                  30, 2005 |   |
|                                                                                                                                                                                                                                                                                                                    |   | **(unaudited)** |   | (derived                  from audited statements) |   |
| **ASSETS**                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |
| **Current                  assets:**                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |
| Cash                  and cash equivalents                                                                                                                                                                                                                                                                              |   | **$** | **602** |   | $ | 1,130 |   |
| Receivables,                  net of allowances for doubtful accounts of $148 at December 31,                  2005                  and                  $144 at September 30, 2005                                                                                                                                    |   |   | **5,926** |   |   | 6,193 |   |
| Inventories                                                                                                                                                                                                                                                                                                             |   |   | **3,957** |   |   | 3,737 |   |
| Prepaid                  expenses and other current assets                                                                                                                                                                                                                                                              |   |   | **1,082** |   |   | 915 |   |
| Total                  current assets                                                                                                                                                                                                                                                                                   |   |   | **11,567** |   |   | 11,975 |   |
| **Property,                  plant and equipment:**                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |
| At                  cost                                                                                                                                                                                                                                                                                                |   |   | **9,536** |   |   | 9,593 |   |
| Less:                  accumulated depreciation and amortization                                                                                                                                                                                                                                                        |   |   | **6,543** |   |   | 6,557 |   |
| Net                  property, plant and equipment                                                                                                                                                                                                                                                                      |   |   | **2,993** |   |   | 3,036 |   |
| Goodwill                                                                                                                                                                                                                                                                                                                |   |   | **1,435** |   |   | 1,435 |   |
| **Total                  assets**                                                                                                                                                                                                                                                                                       |   | **$** | **15,995** |   | $ | 16,446 |   |
|                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS’ INVESTMENT**                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |
| **Current                  liabilities:**                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |
| Accounts                  payable                                                                                                                                                                                                                                                                                       |   | **$** | **2,578** |   | $ | 2,599 |   |
| Dividend                  payable                                                                                                                                                                                                                                                                                       |   |   | **96** |   |   | 95 |   |
| Accrued                  expenses                                                                                                                                                                                                                                                                                       |   |   | **2,535** |   |   | 2,685 |   |
| Accrued                  and deferred taxes on income                                                                                                                                                                                                                                                                   |   |   | **238** |   |   | 445 |   |
| Total                  current liabilities                                                                                                                                                                                                                                                                              |   |   | **5,447** |   |   | 5,824 |   |
| Deferred                  taxes on income                                                                                                                                                                                                                                                                               |   |   | **33** |   |   | 33 |   |
| Commitments                  and contingencies                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |
| **S****tockholders’                  investment**                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Preferred                  stock, par value $.10 per share - authorized - 1,000,000                  shares;     outstanding                  - none                                                                                                                                           |   |   | **-** |   |   | - |   |
| Common                  stock, par value $.10 per share - authorized - 8,000,000 shares;                  outstanding                  3,197,051 shares    at                  December                  31, 2005 and                  3,172,051 shares at September                  30, 2005 |   |   | **320** |   |   | 317 |   |
| Premium                  paid in on common stock                                                                                                                                                                                                                                                                        |   |   | **4,459** |   |   | 4,310 |   |
| Retained                  earnings                                                                                                                                                                                                                                                                                      |   |   | **6,171** |   |   | 6,394 |   |
| Unearned                  compensation on restricted stock                                                                                                                                                                                                                                                              |   |   | **-** |   |   | (180 | ) |
| Cumulative                  other comprehensive loss                                                                                                                                                                                                                                                                    |   |   | **(435** | **)** |   | (252 | ) |
| Total                  stockholders’ investment                                                                                                                                                                                                                                                                   |   |   | **10,515** |   |   | 10,589 |   |
| **Total                  liabilities and stockholders’ investment**                                                                                                                                                                                                                                               |   | **$** | **15,995** |   | $ | 16,446 |   |
|  The                  accompanying notes are an integral part of these consolidated financial                  statements                                                                                                                                                                                          |

*-            3            -*

----

*INDEX*

**CONSOLIDATED        STATEMENTS OF INCOME**

| (in                  thousands except per share data) |   |
|-------------------------------------------------------|--------|
|                                                  |   | Three                  months ended |   |
|                                                  |   | **December                  31, 2005** |   | January                  1, 2005 |   |
| Net                  sales                            |   | **$** | **7,821** |   | $ | 7,542 |   |
| Costs                  and expenses:                  |   |   |   |   |   |   |   |
| Cost                  of sales                        |   |   | **4,774** |   |   | 4,700 |   |
| Selling,                  research and administrative |   |   | **2,803** |   |   | 2,822 |   |
|                                                  |   |   | **7,577** |   |   | 7,522 |   |
| Operating                  income                     |   |   | **244** |   |   | 20 |   |
| Interest                  expense                     |   |   | **(21** | **)** |   | (6 | ) |
| Interest                  income                      |   |   | **1** |   |   | - |   |
| Foreign                  currency gain or (loss)      |   |   | **22** |   |   | 16 |   |
| Income                  before income taxes           |   |   | **246** |   |   | 30 |   |
| Income                  taxes                         |   |   | **(86** | **)** |   | (10 | ) |
| Net                  income                           |   | **$** | **160** |   | $ | 20 |   |
| Basic                  income per share               |   | **$** | **.05** |   | $ | .01 |   |
| Diluted                  income per share             |   | **$** | **.05** |   | $ | .01 |   |

**CONSOLIDATED****STATEMENTS OF COMPREHENSIVE INCOME**

|                                                                                                                            |   | (in                  thousands of dollars) |     |
|---------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|----------|
|                                                                                                                            |   | Three                  months ended        |     |
|                                                                                                                            |   | **December                  31, 2005**     |     | January                  1, 2005 |   |
| Net                  income                                                                                                     |   | **$**                                      | **160**  |   | $ | 20 |   |
| Foreign                  currency translation adjustment                                                                        |   |                                       | **(182** | **)** |   | 538 |   |
| Changes                  in fair market value of cash flow hedges                                                               |   |                                       | **(1**   | **)** |   | (15 | ) |
| Comprehensive                  (loss) income                                                                                    |   | **$**                                      | **(21**  | **)** | $ | 543 |   |
|  The                  accompanying notes are an integral part of these consolidated financial                  statements. |

*-            4            -*

----

*INDEX*

**CONSOLIDATED****STATEMENTS OF CASH FLOWS**

|                                                                                                                            |   | (in                  thousands of dollars) |      |
|---------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|-----------|
|                                                                                                                            |   | Three                  months ended        |      |
|                                                                                                                            |   | **December                  31, 2005**     |      | January                  1, 2005 |   |
| Cash                  flow from operating activities:                                                                           |   |                                       |      |   |   |   |   |
| Net                  income                                                                                                     |   | **$**                                      | **160**   |   | $ | 20 |   |
| Adjustments                  to reconcile net income to net cash from operating                  activities:                    |   |                                       |      |   |   |   |   |
| Depreciation                  and amortization                                                                                  |   |                                       | **152**   |   |   | 172 |   |
| Stock-based                  compensation                                                                                       |   |                                       | **44**    |   |   | 3 |   |
| Deferred                  tax benefit                                                                                           |   |                                       | **-**     |   |   | 4 |   |
| Increase                  (decrease) in cash resulting from changes in operating assets and                  liabilities:       |   |                                       |      |   |   |   |   |
| Receivables                                                                                                                     |   |                                       | **267**   |   |   | (261 | ) |
| Inventories                                                                                                                     |   |                                       | **(220**  | **)** |   | 64 |   |
| Prepaid                  expenses and other current assets                                                                      |   |                                       | **(166**  | **)** |   | (34 | ) |
| Accounts                  payable                                                                                               |   |                                       | **(21**   | **)** |   | (536 | ) |
| Accrued                  expenses                                                                                               |   |                                       | **(150**  | **)** |   | (56 | ) |
| Accrued                  and deferred taxes on income                                                                           |   |                                       | **(207**  | **)** |   | 128 |   |
| Net                  cash generated from operating activities                                                                   |   |                                       | **(141**  | **)** |   | (496 | ) |
| Cash                  flow used by investing activities:                                                                        |   |                                       |      |   |   |   |   |
| Acquisition                  of property, plant and equipment                                                                   |   |                                       | **(161**  | **)** |   | (38 | ) |
| Net                  cash used by investing activities                                                                          |   |                                       | **(161**  | **)** |   | (38 | ) |
| Cash                  flow used by financing activities:                                                                        |   |                                       |      |   |   |   |   |
| Dividends                  paid                                                                                                 |   |                                       | **(95**   | **)** |   | (94 | ) |
| Net                  cash used by financing activities                                                                          |   |                                       | **(95**   | **)** |   | (94 | ) |
| Effect                  of exchange rate changes on cash                                                                        |   |                                       | **(131**  | **)** |   | 323 |   |
| Net                  increase (decrease) in cash                                                                                |   |                                       | **(528**  | **)** |   | (305 | ) |
| Beginning                  balance - cash and cash equivalents                                                                  |   |                                       | **1,130** |   |   | 905 |   |
| Ending                  balance - cash and cash equivalents                                                                     |   | **$**                                      | **602**   |   | $ | 600 |   |
| Supplemental                  disclosure of cash flow information:                                                              |   |                                       |      |   |   |   |   |
| Cash                  paid for income taxes                                                                                     |   | **$**                                      | **265**   |   | $ | 72 |   |
| Cash                  paid for interest                                                                                         |   | **$**                                      | **20**    |   | $ | 6 |   |
| Supplemental                  disclosure of non-cash financing activity:                                                        |   |                                       |      |   |   |   |   |
| Dividend                  declared                                                                                              |   | **$**                                      | **96**    |   | $ | 95 |   |
|  The                  accompanying notes are an integral part of these consolidated financial                  statements. |

*-            5            -*

----

*INDEX*

**TECH****/OPS        SEVCON, INC**.

**Notes        to Consolidated Financial Statements - December 31, 2005**

| **(1)** | **Basis                  of Presentation** |
|---------|--------------------------------------------|

**(2)**
**New        Accounting Pronouncements **

**(3)**
**Stock-Based        Compensation Plans**

| (in                    thousands of dollars except per share data)          |
|-----------------------------------------------------------------------------|
|                                                                        |   | Three                    Months ended  |
|                                                                        |   |   | **December                    31, 2005**  |   |   | January                    1, 2005 |   |
| Net                    income - As reported                                 |   | **$** | **160** |   | $ | 20 |   |
| Pro-forma                    effect of expensing stock options (net of tax) |   |   | **-** |   |   | (14 | ) |
| Net                    income - Pro forma                                   |   | **$** | **160** |   | $ | 6 |   |
| Basic                    net income per share - As reported                 |   | **$** | **.05** |   | $ | .01 |   |
| Basic                    net income per share - Pro forma                   |   | **$** | **.05** |   | $ | .00 |   |
| Diluted                    net income per share - As reported               |   | **$** | **.05** |   | $ | .01 |   |
| Diluted                    net income per share - Pro forma                 |   | **$** | **.05** |   | $ | .00 |   |

*-            6            -*

----

*INDEX*

|                                     |   | **2006** |    | 2005   |   |
|------------------------------------------|--------|----------|---------|--------|--------|
| Risk-free                  interest rate |   |     | **N/A** |   |   | N/A |   |
| Expected                  dividend yield |   |     | **N/A** |   |   | N/A |   |
| Expected                  life (years)   |   |     | **N/A** |   |   | N/A |   |
| Expected                  volatility of  |   |     | **N/A** |   |   | N/A |   |

|                                                      |   | (in                  thousands of dollars) |   |
|-----------------------------------------------------------|--------|--------------------------------------------|--------|
|                                                      |   | Three                  Months ended        |   |
|                                                      |   | **December                  31, 2005**     |   | January                  1, 2005 |   |
| Stock                  option expense under SFAS # 123R * |   | **$**                                      | **13** |   | $ | - |   |
| Restricted                  stock grants:                 |   |                                       |   |   |   |   |   |
| Employees                                                 |   |                                       | **9**  |   |   | 3 |   |
| Non-employee                  directors                   |   |                                       | **22** |   |   | - |   |
| Total                  stock based compensation expense   |   | **$**                                      | **44** |   | $ | 3 |   |

*-            7            -*

----

*INDEX*

**(4)**
**Cash        Dividends**

**(5)**
**Calculation        of Earnings Per Share and Weighted Average Shares        Outstanding**

| (in                  thousands except per share data)                    |   |
|--------------------------------------------------------------------------|--------|
|                                                                     |   | Three                  Months ended |   |
|                                                                     |   | **December                  31, 2005** |   | January                  1, 2005 |   |
| Net                  income                                              |   | **$** | **160** |   | $ | 20 |   |
| Weighted                  average shares outstanding                     |   |   | **3,127** |   |   | 3,125 |   |
| Basic                  income per share                                  |   | **$** | **.05** |   | $ | .01 |   |
| Common                  stock equivalents                                |   |   | **35** |   |   | 34 |   |
| Average                  common and common equivalent shares outstanding |   |   | **3,162** |   |   | 3,159 |   |
| Diluted                  income per share                                |   | **$** | **.05** |   | $ | .01 |   |

**(6)**
**Segment        information**

|                                               |   | (in                  thousands of dollars)                |           |
|----------------------------------------------------|--------|-----------------------------------------------------------|----------------|
|                                               |   | **Three                  months ended December 31, 2005** |           |
|                                               |   | **Contro****ls**                                          |           | **Capacitors** |   | **Corporate** |   | **Total** |   |
| **Sales                  to external customers**   |   | **$**                                                     | **7,503**      |   | **$** | **318** |   | **$** | **-** |   | **$** | **7,821** |   |
| **Inter-segment                  revenues**        |   |                                                      | **-**          |   |   | **19** |   |   | **-** |   |   | **19** |   |
| **Operating                  income**              |   |                                                      | **395**        |   |   | **(54** | **)** |   | **(97** | **)** |   | **244** |   |
| **Depreciation                  and amortization** |   |                                                      | **139**        |   |   | **13** |   |   | **-** |   |   | **152** |   |
| **Identifiable                  assets**           |   |                                                      | **14,475**     |   |   | **824** |   |   | **696** |   |   | **15,995** |   |
| **Capital                  expenditures**          |   |                                                      | **126**        |   |   | **35** |   |   | **-** |   |   | **161** |   |
|                                               |   |                                                      |
|                                               |   | Three                  months ended January 1, 2005  |
|                                               |   |                                                      | Controls  |   |   | Capacitors |   |   | Corporate |   |   | Total |   |
| Sales                  to external customers       |   | $                                                         | 7,142          |   | $ | 400 |   | $ | - |   | $ | 7,542 |   |
| Inter-segment                  revenues            |   |                                                      | -              |   |   | 66 |   |   | - |   |   | 66 |   |
| Operating                  income                  |   |                                                      | 158            |   |   | (18 | ) |   | (120 | ) |   | 20 |   |
| Depreciation                  and amortization     |   |                                                      | 159            |   |   | 13 |   |   | - |   |   | 172 |   |
| Identifiable                  assets               |   |                                                      | 14,865         |   |   | 942 |   |   | 793 |   |   | 16,600 |   |
| Capital                  expenditures              |   |                                                      | 38             |   |   | - |   |   | - |   |   | 38 |   |

*-            8            -*

----

*INDEX*

|                                                                |   | (in                  thousands of dollars) |      |
|---------------------------------------------------------------------|--------|--------------------------------------------|-----------|
|                                                                |   | Three                  Months Ended        |      |
|                                                                |   | **December                  31, 2005**     |      | January                  1, 2005 |   |
| Electronic                  controllers for battery driven vehicles |   | **$**                                      | **5,256** |   | $ | 4,926 |   |
| Accessory                  and aftermarket products and services    |   |                                       | **2,247** |   |   | 2,216 |   |
| Total                  controls segment revenues                    |   | **$**                                      | **7,503** |   | $ | 7,142 |   |

**(7)**
**Research        and Development**

|                                              |   | (in                  thousands of dollars) |     |
|---------------------------------------------------|--------|--------------------------------------------|----------|
|                                              |   | Three                  Months Ended        |     |
|                                              |   | **December                  31, 2005**     |     | January                  1, 2005 |   |
| Research                  and Development expense |   | **$**                                      | **916**  |   | $ | 834 |   |
| Percentage                  of sales              |   |                                       | **11.7** | **%** |   | 11.1 | % |

**(8)**
**Employee        Benefit Plans**

|                                                    |   | (in                  thousands of dollars) |   |
|---------------------------------------------------------|--------|--------------------------------------------|--------|
|                                                    |   | Three                  Months Ended        |   |
|                                                    |   | **December                  31, 2005**     |   | January                  1, 2005 |   |
| Service                  cost                           |   | $                                          | 93     |   | $ | 110 |   |
| Interest                  cost                          |   |                                       | 228    |   |   | 229 |   |
| Expected                  return on plan assets         |   |                                       | (214   | ) |   | (215 | ) |
| Amortization                  of transition obligation  |   |                                       | -      |   |   | - |   |
| Amortization                  of prior service cost     |   |                                       | 13     |   |   | 14 |   |
| Recognized                  net actuarial gain (loss)   |   |                                       | -      |   |   | - |   |
| Net                  periodic benefit cost              |   | $                                          | 120    |   | $ | 138 |   |
| Net                  cost of defined contribution plans |   | $                                          | 8      |   | $ | 7 |   |

*-            9            -*

----

*INDEX*

**(9)**
**Inventories**

|                            |   | (in                  thousands of dollars) |      |
|---------------------------------|--------|--------------------------------------------|-----------|
|                            |   | **December                  31, 2005**     |      | September                  30, 2005 |   |
| Raw                  materials  |   | **$**                                      | **1,746** |   | $ | 1,596 |   |
| Work-in-process                 |   |                                       | **283**   |   |   | 174 |   |
| Finished                  goods |   |                                       | **1,928** |   |   | 1,967 |   |
|                            |   | **$**                                      | **3,957** |   | $ | 3,737 |   |

**(10)**
**Accrued        expenses**

|                                                    |   | (in                  thousands of dollars) |      |
|---------------------------------------------------------|--------|--------------------------------------------|-----------|
|                                                    |   | **December                  31, 2005**     |      | September                  30, 2005 |   |
| Accrued                  compensation and related costs |   | **$**                                      | **907**   |   | $ | 1,101 |   |
| Warranty                  reserves                      |   |                                       | **382**   |   |   | 364 |   |
| Other                  accrued expenses                 |   |                                       | **1,246** |   |   | 1,220 |   |
|                                                    |   | **$**                                      | **2,535** |   | $ | 2,685 |   |

**(11)**
**Warranty        reserves**

|                                                                                                               |   | (in                  thousands of dollars) |     |
|--------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|----------|
|                                                                                                               |   | Three                  Months Ended        |     |
|                                                                                                               |   | **December                  31, 2005**     |     | January                  1, 2005 |   |
| Warranty                  reserves at beginning of period                                                          |   | **$**                                      | **364**  |   | $ | 386 |   |
| Decrease                  in beginning balance for warranty obligations settled during the                  period |   |                                       | **(103** | **)** |   | (117 | ) |
| Other                  changes to pre-existing warranties                                                          |   |                                       | **(6**   | **)** |   | 17 |   |
| Net                  increase in warranty reserves for products sold during the                  period            |   |                                       | **127**  |   |   | 143 |   |
| Warranty                  reserves at end of period                                                                |   | **$**                                      | **382**  |   | $ | 429 |   |

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

**FORWARD        LOOKING STATEMENTS**

**NEW        ACCOUNTING PRONOUNCEMENTS**

*-            10            -*

----

*INDEX*

**CRITICAL        ACCOUNTING ESTIMATES**

**Bad        Debts**

*-            11            -*

----

*INDEX*

**Inventories        **

**Warranty        Costs **

**Goodwill        Impairment **

*-            12            -*

----

*INDEX*

**Pension        Plan Assumptions**

**RISK        FACTORS**

**Capital        goods markets are cyclical**

**Single        source materials and sub-contractors may not meet the Company’s        needs.**

**Product        liability claims may have a material adverse effect**

*-            13            -*

----

*INDEX*

**OVERVIEW        OF FIRST QUARTER**

**Results        of Operations**

**Three        months ended December 31, 2005**

| (in                  thousands of dollars)                    |   | Three                  months ended    |      | %                  change due to: |   |
|--------------------------------------------------------------------|--------|----------------------------------------|-----------|-----------------------------------|--------|
|                                                               |   | **December                  31, 2005** |      | January                  1, 2005  |   |  Total |   |  Currency |   | Volume                  / other |   |
| **Sales:**                                                         |   |                                   |      |                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Controls                  - to external customers                  |   | **$**                                  | **7,503** |                              | $      | 7,142 |   |   | 5 | % |   | -5 | % |   | 10 | % |
| Capacitors-                  to external customers                 |   |                                   | **318**   |                              |   | 400 |   |   | -21 | % |   | -7 | % |   | -14 | % |
| Capacitors                  - inter-segment                        |   |                                   | **19**    |                              |   | 66 |   |   | -71 | % |   | -6 | % |   | -65 | % |
| Capacitors                  - total                                |   |                                   | **337**   |                              |   | 466 |   |   | -28 | % |   | -7 | % |   | -21 | % |
| Total                  sales to external customers                 |   |                                   | **7,821** |                              |   | 7,542 |   |   | 4 | % |   | -5 | % |   | 9 | % |
| **Gross                  Profit:**                                 |   |                                   |      |                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Controls                                                           |   |                                   | **2,920** |                              |   | 2,658 |   |   | 10 | % |   | -7 | % |   | 17 | % |
| Capacitors                                                         |   |                                   | **127**   |                              |   | 184 |   |   | -31 | % |   | -5 | % |   | -26 | % |
| Total                                                              |   |                                   | **3,047** |                              |   | 2,842 |   |   | 7 | % |   | -7 | % |   | 14 | % |
| **Selling                  research and administrative expenses:** |   |                                   |      |                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Controls                                                           |   |                                   | **2,525** |                              |   | 2,500 |   |   | 1 | % |   | -6 | % |   | 7 | % |
| Capacitors                                                         |   |                                   | **181**   |                              |   | 202 |   |   | -10 | % |   | -10 | % |   | 0 | % |
| Unallocated                  corporate expense                     |   |                                   | **97**    |                              |   | 120 |   |   | -19 | % |   | 0 | % |   | -19 | % |
| Total                                                              |   |                                   | **2,803** |                              |   | 2,822 |   |   | -1 | % |   | -6 | % |   | 7 | % |
| **Operating                  income:**                             |   |                                   |      |                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Controls                                                           |   |                                   | **395**   |                              |   | 158 |   |   | 150 | % |   | -16 | % |   | 166 | % |
| Capacitors                                                         |   |                                   | **(54**   | **)**                             |   | (18 | ) |   | -200 | % |   | -56 | % |   | -256 | % |
| Unallocated                  corporate expense                     |   |                                   | **(97**   | **)**                             |   | (120 | ) |   | -19 | % |   | 0 | % |   | -19 | % |
| Total                                                              |   |                                   | **244**   |                              |   | 20 |   |   | 1,120 | % |   | -75 | % |   | 1,195 | % |
| **Other                  income and expense**                      |   |                                   | **2**     |                              |   | 10 |   |   | -80 | % |   | -60 | % |   | -20 | % |
| **Income                  before income taxes**                    |   |                                   | **246**   |                              |   | 30 |   |   | 720 | % |   | -70 | % |   | 790 | % |
| **Income                  taxes**                                  |   |                                   | **(86**   | **)**                             |   | (10 | ) |   | 760 | % |   | -74 | % |   | 834 | % |
| **Net                  Income**                                    |   | **$**                                  | **160**   |                              | $      | 20 |   |   | 700 | % |   | -68 | % |   | 768 | % |

*-            14            -*

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*INDEX*

**Financial        Condition**

*-            15            -*

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*INDEX*

**Item        3.** **Quantitative****and        Qualitative Disclosures about Market Risk.**

**Foreign        currency risk**

*-            16            -*

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*INDEX*

|                                                              |   | (in                  thousands, except average contract rates) |         |
|-------------------------------------------------------------------|--------|----------------------------------------------------------------|--------------|
|                                                              |   | Expected                  maturity or transaction date         |         |   |   |
|                                                              |   | FY2006                                                         |         | FY2007 |   | Total |   | Fair                  Value |   |
| On                  balance sheet financial instruments:          |   |                                                           |         |   |   |   |   |   |   |   |   |   |   |
| In                  $US Functional Currency                       |   |                                                           |         |   |   |   |   |   |   |   |   |   |   |
| Accounts                  receivable in pounds                    |   |                                                           | 1,135        |   |   | - |   |   | 1,135 |   |   | 1,135 |   |
| Accounts                  receivable in euros                     |   |                                                           | 2,504        |   |   | - |   |   | 2,504 |   |   | 2,504 |   |
| Accounts                  payable in pounds                       |   |                                                           | 1,713        |   |   | - |   |   | 1,713 |   |   | 1,713 |   |
| Accounts                  payable in euros                        |   |                                                           | 325          |   |   | - |   |   | 325 |   |   | 325 |   |
| Anticipated                  Transactions and related derivatives |   |                                                           |         |   |   |   |   |   |   |   |   |   |   |
| In                  $US Functional Currency                       |   |                                                           |         |   |   |   |   |   |   |   |   |   |   |
| Firmly                  committed sales contracts                 |   |                                                           |         |   |   |   |   |   |   |   |   |   |   |
| In                  pounds                                        |   |                                                           | 1,431        |   |   | - |   |   | 1,431 |   |   | - |   |
| In                  Euros                                         |   |                                                           | 1,132        |   |   | - |   |   | 1,132 |   |   | - |   |
| Forward                  exchange agreements                      |   |                                                           |         |   |   |   |   |   |   |   |   |   |   |
| Sell                  US Dollars for British Pounds               |   |                                                           | 1,400        |   |   | - |   |   | 1,400 |   |   | (1)* |   |
| Average                  contractual exchange rate                |   | $                                                              | 1.72-£1 |   |   |   |   |   |   |   |   |   |   |
| Amount                  recorded as other comprehensive income    |   | $                                                              | (1           | ) | $ | - |   | $ | (1 | ) | $ | (1 | ) |

**Interest        Rate Risk**

**Item        4.** **Controls****and Procedures.**

*-            17            -*

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*INDEX*

**PART        II.** **OTHER****INFORMATION**

Item        6.        Exhibits 

**SIGNATURES**

|                                     | TECH/OPS                  SEVCON, INC                                                                        |
|------------------------------------------|--------------------------------------------------------------------------------------------------------------|
|                                     |                                                                                                         |
|                                     |                                                                                                         |
| Date:                  February 14, 2006 | By:                  /s/ Paul A. McPartlin                                                                   |
|                                     | Paul                  A. McPartlin                                                                           |
|                                     | Chief                  Financial Officer (Principal financial and chief accounting                  officer) |
|                                     |

|    | **Exhibit                  Index**                                                                                                                                                                                              |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                                                            |
| Exhibit | Description                                                                                                                                                                                                                     |
|    |                                                                                                                                                                                                                            |
| 31.1    | Certification                  of Principal Executive Officer pursuant to section 302 of the                  Sarbanes-Oxley Act of 2002. Filed herewith.                                                                       |
|    |                                                                                                                                                                                                                            |
| 31.2    | Certification                  of Principal Financial Officer pursuant to section 302 of the                  Sarbanes-Oxley Act of 2002. Filed herewith.                                                                       |
|    |                                                                                                                                                                                                                            |
| 32.1    | Certification                  of Principal Executive Officer and Principal Financial Officer                  pursuant to                  section 906 of the Sarbanes-Oxley Act of 2002. Furnished                  herewith. |

*-            18            -*

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*INDEX*