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 18, 2001

                           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)

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

                                Page 1 of 3 pages
<PAGE>


ITEM 5.         OTHER EVENTS

     Pursuant  to  a  Settlement  Agreement  dated  April  18,  2001,  Frequency
Electronics,  Inc.  (referred to as "FEI")  settled the action FEI  commenced in
March  2000 in the  Supreme  Court of the  State  of New  York,  Nassau  County,
entitled "Frequency  Electronics,  Inc.  Plaintiff,  against National Union Fire
Insurance Company of Pittsburgh, PA, Defendants",  index number 004075/00. Under
the terms of the Settlement Agreement,  National Union Fire Insurance Company of
Pittsburgh,  PA paid FEI Three Million  ($3,000,000)  Dollars,  FEI released its
claims and the action was discontinued.

     For a further  discussion  of FEI's  pending  claims  against its insurance
carriers  reference is made to the Form 10-K for the fiscal year ended April 30,
2000 filed by FEI under Section 13 of the Securities  Exchange Act of 1934 which
is on file at the Securities and Exchange Commission.





<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 Controller

Dated: May 25, 2001
[{"type": "8-K", "sequence": "1", "filename": "settlement3m_8k.txt", "description": "ITEM 5.  OTHER EVENTS- SETTLEMENT AGREEMENT", "secsgml_size_bytes": 2955}]
{"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": "1648609"}, "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"}}
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 18, 2001

                           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)

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

                                Page 1 of 3 pages
ITEM 5.         OTHER EVENTS

     Pursuant  to  a  Settlement  Agreement  dated  April  18,  2001,  Frequency
Electronics,  Inc.  (referred to as "FEI")  settled the action FEI  commenced in
March  2000 in the  Supreme  Court of the  State  of New  York,  Nassau  County,
entitled "Frequency  Electronics,  Inc.  Plaintiff,  against National Union Fire
Insurance Company of Pittsburgh, PA, Defendants",  index number 004075/00. Under
the terms of the Settlement Agreement,  National Union Fire Insurance Company of
Pittsburgh,  PA paid FEI Three Million  ($3,000,000)  Dollars,  FEI released its
claims and the action was discontinued.

     For a further  discussion  of FEI's  pending  claims  against its insurance
carriers  reference is made to the Form 10-K for the fiscal year ended April 30,
2000 filed by FEI under Section 13 of the Securities  Exchange Act of 1934 which
is on file at the Securities and Exchange Commission.
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 Controller

Dated: May 25, 2001