UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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): August 12, 1996
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                                  RADYNE CORP.
                                  ------------
             (Exact name of registrant as specified in its charter)


New York                                0-11685--NY          11-2569467
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(State or other jurisdiction            (Commission File     (IRS Employer
of incorporation)                       Number)              Identification No.)


5225 S. 37th Street                     Phoenix, Arizona     85040
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(Address of principal executive offices)                     (Zip Code)



Registrant's telephone number, including area code (602) 437-9620
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Item I.           Change in Control of Registrant
                  -------------------------------
  
On August 12,  1996,  Stetsys  US,  Inc.,  a Delaware  corporation  ("Stetsys"),
acquired all of the  Outstanding  stock of Engineering  and Technical  Services,
Inc., a Florida corporation ("ETS"), which (through its wholly owned subsidiary,
Radyne Corp.,  a Florida  corporation)  continues to control Radyne Corp., a New
York  corporation  ("the  Company') by virtue of its ownership of  approximately
90.67% of the Common Stock, $,002 par value, of the Company. Stetsys, which is a
member of a group of  corporations  controlled by the Ministry of Finance of the
Republic of Singapore,  acquired the ETS stock from the individuals and entities
who were ETS's  shareholders,  for cash  constituting  a portion of the  working
capital  of the  corporate  group of which  Stetsys  is a  member.  No  separate
consideration  was allocated to ETS's indirect  ownership of Common Stock of the
Company.  Effective as of the closing of such transaction,  Messrs.  Denis Brown
and  Augustin  Cueto  resigned  from the board of  Directors of the Company (the
"Board').  See  Item 5 below  for  additional  information  regarding  resultant
changes in the Board.

Item 2.           Inapplicable.
                  ------------

Item 3.           Inapplicable.
                  ------------

Item 4.           Inapplicable.
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Item 5.           Other Events
                  ------------

                  At a special meeting of the Board, held on August 13, 1996, it
was  determined  that the size of the Board would be increased from four to five
members. In order to fill the newly created directorship and the vacancies which
were occasioned by the resignations of Messrs. Denis Brown and Augustin Cueto as
described in Item I above. Messrs. Lim Ming Seong, Lee Yip Loi and Chan Wee Piak
were named  directors of the  Company. They will hold such positions until their
respective  successors are duly elected and  qualified.  Lim Ming Seong was also
elected Chairman of the Board.

Lim Ming Seong,  age 49, has been Group Director of Singapore  Technologies  Pte
Ltd., an indirect  parent of Stetsys,  since  February of 1995.  From March 1992
until  February  1995,  he was  Executive  Director  of  Singapore  Technologies
Ventures Pte Ltd. and from February  1990 to March 1992, he was Group  President
of Singapore  Technologies  Holdings Pte Ltd. Prior to that time he held various
corporate and government positions,  including Deputy Secretary in the Singapore
Ministry of Defense from 1979 to 1986.

Lee Yip  Loi,  age  52,  has  been  Regional  Director  (America)  of  Singapore
Technologies  Pte  Ltd.  since  March  1994 and has been  President  of  Metheus
Corporation,  another  member of the same  group of  companies,  since May 1990.
Prior  to  that  time  he  held a  number  of  managerial  positions  with  such
corporations as Morgan Guaranty Trust and Singapore  Technologies and government
positions with the Singapore Ministries of Education,  Defense, Culture and Home
Affairs.

                Chan Wee  Piak,  age 41,  has been  General  Manager  of  Agilis
Communication Technologies Pte Ltd., also a member of the Singapore Technologies
group,  since January 1992,  From November 1989 to February 1992, he was General
Manager of Chartered  Microwave.  Prior to that time, he held various managerial
positions in the  Singapore  Ministry of Defense and  Singapore  Electronic  and
Engineering.


Item 6.           Inapplicable
                  ------------

Item 7.           Inapplicable
                  ------------

Item 8.           Change in Fiscal Year.
                  ---------------------


        At a special  meeting of the Board held on August  13,  1996,  the Board
resolved to change the fiscal year of the Company from a July I - June 30 fiscal
year to the calendar  year (i.e.  the new fiscal year of the Company will end on
December 31),  effective  December 31, 1996. The Company's  report  covering the
transition  period from July 1, 1996 through December 31, 1996, will be filed on
Form 10-KSB.



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.





Dated: August 22, 1996



                                                   RADYNE CORP.
                                                   ------------

                                                   (Registrant)





                                                   By,_______________________

                                                   Name:  A. James Mullaney

                                                   Title    Treasurer, Officer