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): June 19, 1998



                           FREQUENCY ELECTRONICS, INC.
             (Exact name of registrant as specified in its charter)



          Delaware                    1-8061                    11-1986657
(State or other jurisdiction        (Commission              (I.R.S. Employer
      of incorporation)            File Number)             Identification No.)


55 Charles Lindbergh Blvd., Mitchel Field, NY                      11553
  (Address of principal executive offices)                      (Zip Code)


                                 (516) 794-4500
              (Registrant's telephone number, including area code)


                                      None
      (Former name, address and fiscal year, if changed since last report)


                                Page 1 of 5 Pages
<PAGE>

ITEM 5.  OTHER EVENTS


         On June 19, 1998 Frequency  Electronics,  Inc. (referred to as "FEI" or
"Registrant") and the United States government  (referred to as either "U.S." or
"government")  entered into a Plea  Agreement,  Civil  Settlement  Agreement and
related  documents   ("Settlement   Agreement")   thereby  concluding  a  global
disposition  ("Global  Disposition")  of  certain  previously  reported  pending
litigations and matters, as follows:


 1.  United States of America vs.  Frequency  Electronics,  Inc.,  Martin Bloch,
     Abraham Lazar,  Harry Newman and Marvin Norworth, Defendants, United States
     District Court, Eastern District of New York, CR No. 93/1261 ("Indictment")


 2.  United States of America vs.  Frequency  Electronics,  Inc.,  Martin Bloch,
     Abraham Lazar,  Harry Newman and Marvin Norworth, Defendants, United States
     District  Court, Eastern District of New York, CR No. 93/0176 ("Superseding
     Indictment"). (The Indictment and Superseding Indictment  are  collectively
     referred to as the "Criminal Cases").
 

 3.  United States of America vs.  Frequency  Electronics,  Inc.,  Martin Bloch,
     Abraham Lazar,  Harry Newman and Marvin Norworth, Defendants, United States
     District Court, Eastern District of New York, CV No. 93/5200
     ("Fox Civil Case").


 4.  United States of America,  ex rel, Howard B. Geldart, Plaintiff-Relator vs.
     Frequency Electronics, Inc., Markus Hechler, Harry Newman,  Marvin Norworth
     and Steven  Calceglia,  Defendants,  United States  District Court, Eastern
     District of New York,  CV No. 93/4750 ("Geldart qui tam Action").


 5.  AMRAAM/cesium  Grand Jury  investigation,  United  States  District  Court,
     Eastern  District  of New York  ("AMRAAM Investigation").


(The foregoing matters are collectively referred to as the "Litigations").

         On June 19, 1998 the Criminal  Cases were disposed of, as follows:  all
criminal charges brought by the United States against FEI's president, Martin B.
Bloch, its director,  Abraham Lazar, its secretary/treasurer,  Harry Newman, and
its retired  contracts  manager,  Marvin  Norworth,  have been  dismissed,  with
prejudice,  with all known criminal  investigations of these individuals  having
been resolved; and the criminal charges brought by the United States against FEI
have been dismissed,  with  prejudice,  with the exception of a single charge of
submitting a false  statement,  which failed to disclose the full explanation of
its costs on a highly classified government project, as to which FEI pled guilty
and paid the U.S. a fine of $400 Thousand and $1.1 Million as reimbursement  for
costs of its investigation, with all known criminal investigations of FEI having
been resolved.

<PAGE>

    On June 19, 1998 the Fox Civil Case was  dismissed,  with  prejudice,  as to
all defendants and FEI paid the U.S. $1.5 Million to settle this case.


    On June 19, 1998 the Geldart qui tam Action was  dismissed,  with prejudice,
as to all  defendants  and FEI paid the U.S. $5 Million to settle this case.


         The individual  defendants to the  Litigations  made no payments to the
government with respect to the Settlement Agreement and Global Disposition.  The
Settlement  Agreement  specifically  provided  that  nothing  in the  Settlement
Agreement  or  any  payment  made  pursuant  to it  constitutes  evidence  of an
admission of liability,  and shall not be construed as an admission with respect
to any issue of law or fact by anyone  other than as to FEI with  respect to its
guilty  plea.  As a result of the  dismissals  of the  Criminal  Cases as to the
individual defendants,  Martin B. Bloch has resumed his position as President of
FEI,  Harry  Newman has resumed his  position as  secretary/treasurer,  and both
Martin B. Bloch and Abraham  Lazar have  resumed  their  original  positions  as
members  of the  Board of  Directors.  The  Global  Disposition  eliminates  the
substantial  costs and expenses for defending the Litigations,  which would have
otherwise continued for many years. The payments made pursuant to the Settlement
Agreement will have a material effect on FEI's 1998 financial results.


         FEI has settled all  outstanding  criminal  and civil cases  brought or
participated in by the U.S. government.  The Settlement Agreement and the Global
Disposition do not effect a disposition  of other  previously  reported  pending
litigations and matters, as follows:


 A.  United States of America,  ex rel, Ralph Muller,  Plaintiff,  vs. Frequency
     Electronics, Inc., et al., Defendants, United States District Court,Eastern
     District of New York, CV No. 92/5716
     ("Muller qui tam Action").


 B.  Frequency Electronics,  Inc.,  Plaintiff,  vs.  United States  of  America,
     Department  of  the  Air Force,  Defendant,  United  States District Court,
     Eastern District of Virginia, Alexandria Division, CV No. 97/230
     ("Suspension Action").

 C.  The suspension of the Corporation,  Martin B. Bloch,  Abraham Lazar,  Harry
     Newman and Marvin Norworth from government contracting ("Suspensions").


 D.  Diane Solash, Derivatively,  On Behalf  of  Frequency Electronics,  Inc., a
     Delaware Corporation, Plaintiff, vs. Martin B. Bloch, Peter O.Clark, Joseph
     P. Franklin, Joel Girsky, Abraham Lazar, John C. Ho, E.John Rosenwald, Jr.,
     Harry  Newman,  Marvin  Norworth,  Individuals,  Defendants  and  Frequency
     Electronics, Inc., a Delaware Corporation,  Nominal Defendant, in The Court
     of Chancery of the State of Delaware In and  For New Castle  County,  Civil
     Action No. 13266 ("Solash Action").

<PAGE>

 E.  Moise  Katz,  Derivatively, On  Behalf  of  Frequency Electronics,  Inc., a
     Delaware Corporation, Plaintiff, vs. Martin B. Bloch, Peter O.Clark, Joseph
     P. Franklin, Joel Girsky, John C. Ho, Abraham Lazar, E.John Rosenwald, Jr.,
     Harry  Newman,  Marvin  Norworth,  Individuals,  Defendants  and  Frequency
     Electronics, Inc., a Delaware Corporation, Nominal Defendant,  Civil Action
     No. 13841 ("Katz  Action") (the Solash Action and the Katz Action have been
     consolidated as In re Frequency  Electronics,  Inc.  Derivative  Litigation
     under Civil Action  No. 13266  and  are collectively  referred  to  as  the
     "Derivative Actions").


(The  above  litigations  and  matters  are  collectively  referred  to  as  the
"Continuing Litigations").


The  Settlement  Agreement  did not  compromise  the  Suspension  Action  or the
Suspensions.  Those matters  continue and the  government has not indicated what
its next step will be with respect to the Suspensions.  After  investigating the
Muller qui tam Action for over one year,  the U.S.  chose not to  participate in
that action, and that action continues.


         For  a  further  discussion  of  the  Litigations  and  the  Continuing
Litigations  reference  is made to the  following  reports  of FEI  filed  under
Section 13 of the  Securities  Exchange Act of 1934, all of which are on file at
the Securities  and  Exchange Commission:  Annual  reports on Form 10K  for  the
fiscal years ended April 30, 1994, 1995, 1996 and 1997.


<PAGE>


                                   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.


                                            FREQUENCY ELECTRONICS, INC.



                                          By: /s/Joseph P. Franklin
                                              ---------------------
                                                JOSEPH P. FRANKLIN,
                                           Chairman of the Board of Directors

Dated: June 19, 1998
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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): June 19, 1998

                           FREQUENCY ELECTRONICS, INC.
             (Exact name of registrant as specified in its charter)

          Delaware                    1-8061                    11-1986657
(State or other jurisdiction        (Commission              (I.R.S. Employer
      of incorporation)            File Number)             Identification No.)

55 Charles Lindbergh Blvd., Mitchel Field, NY                      11553
  (Address of principal executive offices)                      (Zip Code)

                                 (516) 794-4500
              (Registrant's telephone number, including area code)

                                      None
      (Former name, address and fiscal year, if changed since last report)

                                Page 1 of 5 Pages
ITEM 5.  OTHER EVENTS

         On June 19, 1998 Frequency  Electronics,  Inc. (referred to as "FEI" or
"Registrant") and the United States government  (referred to as either "U.S." or
"government")  entered into a Plea  Agreement,  Civil  Settlement  Agreement and
related  documents   ("Settlement   Agreement")   thereby  concluding  a  global
disposition  ("Global  Disposition")  of  certain  previously  reported  pending
litigations and matters, as follows:

 1.  United States of America vs.  Frequency  Electronics,  Inc.,  Martin Bloch,
     Abraham Lazar,  Harry Newman and Marvin Norworth, Defendants, United States
     District Court, Eastern District of New York, CR No. 93/1261 ("Indictment")

 2.  United States of America vs.  Frequency  Electronics,  Inc.,  Martin Bloch,
     Abraham Lazar,  Harry Newman and Marvin Norworth, Defendants, United States
     District  Court, Eastern District of New York, CR No. 93/0176 ("Superseding
     Indictment"). (The Indictment and Superseding Indictment  are  collectively
     referred to as the "Criminal Cases").
 

 3.  United States of America vs.  Frequency  Electronics,  Inc.,  Martin Bloch,
     Abraham Lazar,  Harry Newman and Marvin Norworth, Defendants, United States
     District Court, Eastern District of New York, CV No. 93/5200
     ("Fox Civil Case").

 4.  United States of America,  ex rel, Howard B. Geldart, Plaintiff-Relator vs.
     Frequency Electronics, Inc., Markus Hechler, Harry Newman,  Marvin Norworth
     and Steven  Calceglia,  Defendants,  United States  District Court, Eastern
     District of New York,  CV No. 93/4750 ("Geldart qui tam Action").

 5.  AMRAAM/cesium  Grand Jury  investigation,  United  States  District  Court,
     Eastern  District  of New York  ("AMRAAM Investigation").

(The foregoing matters are collectively referred to as the "Litigations").

         On June 19, 1998 the Criminal  Cases were disposed of, as follows:  all
criminal charges brought by the United States against FEI's president, Martin B.
Bloch, its director,  Abraham Lazar, its secretary/treasurer,  Harry Newman, and
its retired  contracts  manager,  Marvin  Norworth,  have been  dismissed,  with
prejudice,  with all known criminal  investigations of these individuals  having
been resolved; and the criminal charges brought by the United States against FEI
have been dismissed,  with  prejudice,  with the exception of a single charge of
submitting a false  statement,  which failed to disclose the full explanation of
its costs on a highly classified government project, as to which FEI pled guilty
and paid the U.S. a fine of $400 Thousand and $1.1 Million as reimbursement  for
costs of its investigation, with all known criminal investigations of FEI having
been resolved.
On June 19, 1998 the Fox Civil Case was  dismissed,  with  prejudice,  as to
all defendants and FEI paid the U.S. $1.5 Million to settle this case.

    On June 19, 1998 the Geldart qui tam Action was  dismissed,  with prejudice,
as to all  defendants  and FEI paid the U.S. $5 Million to settle this case.

         The individual  defendants to the  Litigations  made no payments to the
government with respect to the Settlement Agreement and Global Disposition.  The
Settlement  Agreement  specifically  provided  that  nothing  in the  Settlement
Agreement  or  any  payment  made  pursuant  to it  constitutes  evidence  of an
admission of liability,  and shall not be construed as an admission with respect
to any issue of law or fact by anyone  other than as to FEI with  respect to its
guilty  plea.  As a result of the  dismissals  of the  Criminal  Cases as to the
individual defendants,  Martin B. Bloch has resumed his position as President of
FEI,  Harry  Newman has resumed his  position as  secretary/treasurer,  and both
Martin B. Bloch and Abraham  Lazar have  resumed  their  original  positions  as
members  of the  Board of  Directors.  The  Global  Disposition  eliminates  the
substantial  costs and expenses for defending the Litigations,  which would have
otherwise continued for many years. The payments made pursuant to the Settlement
Agreement will have a material effect on FEI's 1998 financial results.

         FEI has settled all  outstanding  criminal  and civil cases  brought or
participated in by the U.S. government.  The Settlement Agreement and the Global
Disposition do not effect a disposition  of other  previously  reported  pending
litigations and matters, as follows:

 A.  United States of America,  ex rel, Ralph Muller,  Plaintiff,  vs. Frequency
     Electronics, Inc., et al., Defendants, United States District Court,Eastern
     District of New York, CV No. 92/5716
     ("Muller qui tam Action").

 B.  Frequency Electronics,  Inc.,  Plaintiff,  vs.  United States  of  America,
     Department  of  the  Air Force,  Defendant,  United  States District Court,
     Eastern District of Virginia, Alexandria Division, CV No. 97/230
     ("Suspension Action").

 C.  The suspension of the Corporation,  Martin B. Bloch,  Abraham Lazar,  Harry
     Newman and Marvin Norworth from government contracting ("Suspensions").

 D.  Diane Solash, Derivatively,  On Behalf  of  Frequency Electronics,  Inc., a
     Delaware Corporation, Plaintiff, vs. Martin B. Bloch, Peter O.Clark, Joseph
     P. Franklin, Joel Girsky, Abraham Lazar, John C. Ho, E.John Rosenwald, Jr.,
     Harry  Newman,  Marvin  Norworth,  Individuals,  Defendants  and  Frequency
     Electronics, Inc., a Delaware Corporation,  Nominal Defendant, in The Court
     of Chancery of the State of Delaware In and  For New Castle  County,  Civil
     Action No. 13266 ("Solash Action").
E.  Moise  Katz,  Derivatively, On  Behalf  of  Frequency Electronics,  Inc., a
     Delaware Corporation, Plaintiff, vs. Martin B. Bloch, Peter O.Clark, Joseph
     P. Franklin, Joel Girsky, John C. Ho, Abraham Lazar, E.John Rosenwald, Jr.,
     Harry  Newman,  Marvin  Norworth,  Individuals,  Defendants  and  Frequency
     Electronics, Inc., a Delaware Corporation, Nominal Defendant,  Civil Action
     No. 13841 ("Katz  Action") (the Solash Action and the Katz Action have been
     consolidated as In re Frequency  Electronics,  Inc.  Derivative  Litigation
     under Civil Action  No. 13266  and  are collectively  referred  to  as  the
     "Derivative Actions").

(The  above  litigations  and  matters  are  collectively  referred  to  as  the
"Continuing Litigations").

The  Settlement  Agreement  did not  compromise  the  Suspension  Action  or the
Suspensions.  Those matters  continue and the  government has not indicated what
its next step will be with respect to the Suspensions.  After  investigating the
Muller qui tam Action for over one year,  the U.S.  chose not to  participate in
that action, and that action continues.

         For  a  further  discussion  of  the  Litigations  and  the  Continuing
Litigations  reference  is made to the  following  reports  of FEI  filed  under
Section 13 of the  Securities  Exchange Act of 1934, all of which are on file at
the Securities  and  Exchange Commission:  Annual  reports on Form 10K  for  the
fiscal years ended April 30, 1994, 1995, 1996 and 1997.
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.

                                            FREQUENCY ELECTRONICS, INC.

                                          By: /s/Joseph P. Franklin
                                              ---------------------
                                                JOSEPH P. FRANKLIN,
                                           Chairman of the Board of Directors

Dated: June 19, 1998