
<PAGE>   1
================================================================================

                           AMENDMENT NO.1 TO FORM 10-K
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                             -----------------------
              [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
             THE SECURITIES AND EXCHANGE ACT OF 1934 [FEE REQUIRED]
                    For the fiscal year ended: March 31, 1996
                                       OR
            [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
              THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
           For the transition period from ___________ to _____________
                         COMMISSION FILE NUMBER: 0-14161

                             -----------------------
                           ANALYSIS & TECHNOLOGY, INC.

             (Exact name of registrant as specified in its charter)

               Connecticut                                    95-2579365
     (State or other jurisdiction of                       (I.R.S. Employer
     incorporation or organization)                       Identification No.)

                 Route 2                                         06359
              P.O. Box 220                                     (Zip Code)
     North Stonington, Connecticut
(Address of principal executive offices)

       Registrant's telephone number, including area code: (860) 599-3910

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section (12(g) of the Act: Common Stock, no
par value

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

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.         Yes   /X/        No   / /

     Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein,
and will not be contained, to the best of registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K. [ ] [Added in Release No. 34-28869
(Paragraph 84,709), effective May 1, 1991, 56 F.R. 7242.]

     The aggregate market value of the common stock held by shareholders
considered by the registrant for this purpose to be non-affiliates of the
registrant on June 19, 1996 was approximately $29,811,898, based upon the last
reported sales price of the common stock on the NASDAQ National Market System on
that date.

     Number of shares of common stock, no par value, outstanding at June 19,
1996: 2,342,317

                       DOCUMENTS INCORPORATED BY REFERENCE

     The following documents are hereby incorporated herein by reference:

     Certain information in Parts I and II of the Form 10-K is incorporated by
reference from the registrant's 1996 Annual Report to Shareholders.

     Certain information in Part III of the Form 10-K is incorporated by
reference from the registrant's Proxy Statement for the 1996 Annual Meeting of
Shareholders held on August 13, 1996.

================================================================================
<PAGE>   2
                                EXPLANATORY NOTE


     This Amendment is being filed solely to provide the revised Consent of KPMG
Peat Marwick LLP with respect to the incorporation by reference of its report
into previously filed Securities Act registration statements of the Company as
specified therein.



                                     PART IV

ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K.



(a) 3.     Exhibits (* filed herewith):


EXHIBIT
NUMBER

  23*             Revised Consent of KPMG Peat Marwick LLP with respect to the
                  incorporation by reference of its reports dated May 3, 1996.
<PAGE>   3
                                                                               3


                                   SIGNATURES

                  Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following person on behalf of the
registrant and in the capacities and on the dated indicated.


                                             ANALYSIS & TECHNOLOGY, INC.


                                             By: /s/ David M. Nolf
                                                 ----------------------------
                                                     David M. Nolf
                                                     Executive Vice President

Date:  October 25, 1996
<PAGE>   4
                                                                               4



INDEX TO EXHIBITS


Exhibit
Number         Description of Documents

  23*       Revised Consent of KPMG Peat Marwick LLP with respect
            to the incorporation by reference of its reports
            dated May 3, 1996.
