<ARTICLE> 5 <CIK> 0000039020 <NAME> Frequency Electronics, Inc. <MULTIPLIER> 1000 <PERIOD-TYPE> year <FISCAL-YEAR-END> APR-30-1999 <PERIOD-START> MAY-01-1998 <PERIOD-END> APR-30-1999 <CASH> 567 <SECURITIES> 38,720 <RECEIVABLES> 12,380 <ALLOWANCES> 190 <INVENTORY> 9,696 <CURRENT-ASSETS> 64,691 <PP&E> 27,666 <DEPRECIATION> 18,177 <TOTAL-ASSETS> 78,355 <CURRENT-LIABILITIES> 4,889 <BONDS> 489 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 9,009 <OTHER-SE> 47,498 <TOTAL-LIABILITY-AND-EQUITY> 78,355 <SALES> 18,958 <TOTAL-REVENUES> 21,733 <CGS> 12,985 <TOTAL-COSTS> 19,659 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 36 <INTEREST-EXPENSE> 330 <INCOME-PRETAX> 1,573 <INCOME-TAX> 400 <INCOME-CONTINUING> 1,173 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,173 <EPS-BASIC> .16 <EPS-DILUTED> .15