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): May 2, 2005

                           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, former address and former fiscal year,
                         if changed since last report)

     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 (see General Instruction A.2. below):
     ___ Written  communications  pursuant to Rule 425 under the  Securities Act
         (17 CFR 230.425)
     ___ Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)
     ___ Pre-commencement  communications  pursuant  to Rule 14d-2(b)  under the
         Exchange Act (17 CFR 240.14d-2(b))
     ___ Pre-commencement  communications  pursuant  to Rule 13e-4(c)  under the
         Exchange Act (17 CFR 240.13e-4(c))

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

                                Page 1 of 3 pages
<PAGE>


ITEM 2.01.    COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.


     As previously disclosed, in January 1998, Frequency Electronics,  Inc. (the
"Company") sold its building in Mitchel Field, Long Island,  New York to Reckson
Associates Realty Corp.  ("Reckson") and currently leases back approximately 43%
of the  building  from  Reckson.  Upon the  sale of the  building,  the  Company
received 513,259 units of Reckson Operating  Partnership,  L.P. ("Units").  Each
Unit was convertible into one share of Reckson common stock.

     On March 10,  2005,  the Company  elected to convert the Units into 513,259
shares of Reckson common stock. Subsequently, the Company proceeded to sell some
of these shares in the open market.  As of May 2, 2005,  the Company has sold in
the open market a total of 311,000 of these shares for  aggregate  cash proceeds
of approximately  $9,740,000.  Such amount exceeds 10% of the total consolidated
assets of the Company. As market conditions  dictate,  the Company will continue
to sell Reckson shares in the open market.


<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/ Alan Miller
                                                 ---------------
                                                     Alan Miller
                                                     Chief Financial Officer
                                                     and Treasurer

Dated: May 4, 2005
[{"type": "8-K", "sequence": "1", "filename": "may05_8ksale.txt", "description": "DISPOSITION OF RECKSON SHARES", "secsgml_size_bytes": 3817}]
{"company-data": {"conformed-name": "FREQUENCY ELECTRONICS INC", "cik": "0000039020", "assigned-sic": "3825", "irs-number": "111986657", "state-of-incorporation": "DE", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08061", "film-number": "05797802"}, "business-address": {"street1": "55 CHARLES LINDBERGH BLVD", "city": "MITCHEL FIELD", "state": "NY", "zip": "11553", "phone": "5167944500"}, "mail-address": {"street1": "55 CHARLES LINDBERGH BOULEVARD", "city": "MITCHELL FIELD", "state": "NY", "zip": "11553"}}
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): May 2, 2005

                           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, former address and former fiscal year,
                         if changed since last report)

     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 (see General Instruction A.2. below):
     ___ Written  communications  pursuant to Rule 425 under the  Securities Act
         (17 CFR 230.425)
     ___ Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)
     ___ Pre-commencement  communications  pursuant  to Rule 14d-2(b)  under the
         Exchange Act (17 CFR 240.14d-2(b))
     ___ Pre-commencement  communications  pursuant  to Rule 13e-4(c)  under the
         Exchange Act (17 CFR 240.13e-4(c))

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

                                Page 1 of 3 pages
ITEM 2.01.    COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.

     As previously disclosed, in January 1998, Frequency Electronics,  Inc. (the
"Company") sold its building in Mitchel Field, Long Island,  New York to Reckson
Associates Realty Corp.  ("Reckson") and currently leases back approximately 43%
of the  building  from  Reckson.  Upon the  sale of the  building,  the  Company
received 513,259 units of Reckson Operating  Partnership,  L.P. ("Units").  Each
Unit was convertible into one share of Reckson common stock.

     On March 10,  2005,  the Company  elected to convert the Units into 513,259
shares of Reckson common stock. Subsequently, the Company proceeded to sell some
of these shares in the open market.  As of May 2, 2005,  the Company has sold in
the open market a total of 311,000 of these shares for  aggregate  cash proceeds
of approximately  $9,740,000.  Such amount exceeds 10% of the total consolidated
assets of the Company. As market conditions  dictate,  the Company will continue
to sell Reckson shares in the open market.
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/ Alan Miller
                                                 ---------------
                                                     Alan Miller
                                                     Chief Financial Officer
                                                     and Treasurer

Dated: May 4, 2005