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Exhibit 12.1
DRS Technologies, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
| Fiscal Year Ended March 31, | | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Six months ended September 30, 2003 | |||||||||||||||||||
| 2003 | 2002 | 2001 | 2000 | 1999 | |||||||||||||||
Earnings before minority interests and income taxes | $ | 57,450 | $ | 39,967 | $ | 26,380 | $ | 14,150 | $ | 6,801 | $ | 29,891 | ||||||||
Add: | ||||||||||||||||||||
Fixed Charges | 16,889 | 15,721 | 15,228 | 15,500 | 10,857 | 10,328 | ||||||||||||||
Earnings as adjusted | $ | 74,339 | $ | 55,688 | $ | 41,608 | $ | 29,650 | $ | 17,658 | $ | 40,219 | ||||||||
Fixed Charges: | ||||||||||||||||||||
Interest on indebtedness including amortization of deferred financing costs | $ | 10,589 | $ | 10,954 | $ | 11,461 | $ | 12,600 | $ | 9,357 | $ | 7,178 | ||||||||
Portion of rents representative of the interest factor | 6,300 | 4,767 | 3,767 | 2,900 | 1,500 | 3,150 | ||||||||||||||
Fixed Charges: | $ | 16,889 | $ | 15,721 | $ | 15,228 | $ | 15,500 | $ | 10,857 | $ | 10,328 | ||||||||
Ratio of earnings to fixed charges | 4.4 | x | 3.5 | x | 2.7 | x | 1.9 | x | 1.6 | x | 3.9 | x | ||||||||
DRS Technologies, Inc. Computation of Ratio of Earnings to Fixed Charges (Dollar amounts in millions)