UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

---------------------------

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) April 27, 2009

THE DEWEY ELECTRONICS CORPORATION.
(Exact name of registrant as specified in its charter)


New York
(State or other jurisdiction of incorporation)

0-2892
(Commission File Number)

13-1803974
(I.R.S. Employer Identification Number)


27 Muller Road
Oakland, New Jersey
(address of principal executive offices)

07436
(Zip Code)


Registrant's telephone number, including area code: (201) 337-4700


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:

__Written communications pursuant to Rule 425 under the Securities Act
__Soliciting material pursuant to Rule 14a-12 under the Exchange Act
__Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
__Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act



Item 1.01  Entry into a Material Definitive Agreement.

On April 27, 2009, The Dewey Electronics Corporation (the "Company") entered
into a $500,000 Revolving Term Note and related Loan and Security Agreement
(collectively, the "Line of Credit") with TD Bank, NA (the "Bank") for a term
expiring May 5, 2010.  As of the date of this Form 8-K, there are no
outstanding borrowings against the Line of Credit.  The Line of Credit
provides among other things for an annual interest rate on borrowings equal
to the Bank's prime rate plus one (1.00) percent with a minimum interest rate
of 4.25% and is subject to customary representations, covenants, and default
provisions in favor of the Bank. Any loans drawn under the Line of Credit are
secured by a first lien on all of the Company's accounts receivable,
machinery, equipment, other personal property and a Commercial Mortgage
Security Agreement on the Company's real property.

Item 2.03.  Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement of a Registrant.

See Item 1.01.





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 hereunto duly authorized.

THE DEWEY ELECTRONICS CORPORATION

Date April 30, 2009

/s/ John H. D. Dewey
John H. D. Dewey
President and Chief Executive Officer