Triumph Aviations S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

TRIUMPH GROUP, INC.

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

	Three Months Ended June 30,				Year Ended March 31,
	2014		2013		2014		2013		2012		2011		2010
EARNINGS AS DEFINED
Income from continuing
operations, before income
taxes	$	198,164	$	121,636	$	312,233	$	463,057	$	437,577	$	234,477	$	126,455
Fixed Charges	45,349		22,628		102,268		81,713		91,805		94,771		35,296
TOTAL EARNINGS, AS
DEFINED	$	243,513	$	144,264	$	414,501	$	544,770	$	529,382	$	329,248	$	161,751
FIXED CHARGES, AS
DEFINED
Interest expense	$	35,484	$	18,260	$	79,092	$	64,105	$	63,806	$	67,604	$	21,915
Interest portion of rental
expenses	2,965		3,159		14,528		13,422		13,869		15,353		5,234
Amortization of capitalized
expenses related to debt	5,323		1,064		6,702		3,638		9,601		4,205		1,951
Accretion of debt discount	1,577		145		1,946		548		4,529		7,609		6,196
TOTAL FIXED CHARGES,
AS DEFINED	$	45,349	$	22,628	$	102,268	$	81,713	$	91,805	$	94,771	$	35,296
RATIO OF EARNINGS TO
FIXED CHARGES	5.4		6.4		4.1		6.7		5.8		3.5		4.6