UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported):

                                February 24, 2004

                            ULTRALIFE BATTERIES, INC.
              ____________________________________________________
             (Exact name of registrant as specified in its charter)

                                    Delaware
          ____________________________________________________________
         (State or other jurisdiction of incorporation or organization)


                  0-20852                            16-1387013
           ______________________        __________________________________
          (Commission File Number)      (I.R.S. Employer Identification No.)



                 2000 Technology Parkway, Newark, New York 14513
                _________________________________________________
               (Address of principal executive offices) (Zip Code)

                                 (315) 332-7100
               __________________________________________________
              (Registrant's telephone number, including area code)




Item 7. Financial Statements, Pro Forma Financials and Exhibits.

     (a)  Financial Statements of Business Acquired.

          Not applicable.

     (b)  Pro Forma Financial Information.

          Not applicable.

     (c)  Exhibits.

          99.1 Press Release dated February 24, 2004.


Item 9. Regulation FD Disclosure.

The Company  announced that it has received a development  contract from General
Dynamics (NYSE:  GD) valued at approximately  $2.7 million.  The contract is for
lithium primary  (non-rechargeable) and lithium-ion  rechargeable  batteries, as
well  as  vehicle  and  soldier-based  chargers  for  the  Land  Warrior-Stryker
Interoperable  (LW-SI)  program.  The  development  work has begun  and  initial
deliveries  are  expected  to commence in January  2005.  Refer to the  attached
Exhibit  99.1  for the  entire  text of the  release,  which  Exhibit  is  being
furnished but not filed in accordance with Regulation FD.





                                    SIGNATURE

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.


                                           ULTRALIFE BATTERIES, INC.

Dated:  February 24, 2004                   By: /s/ Peter F. Comerford
                                                ________________________________
                                                Peter F. Comerford
                                                Vice President - Administration
                                                & General Counsel






                                Index to Exhibits

(99)      Additional Exhibits

          99.1 Press Release dated February 24, 2004