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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, | | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nine months ended December 31, 2004 | |||||||||||||||||||
| 2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||||
Earnings from continuing operations before minority interests and income taxes | $ | 79,282 | $ | 57,450 | $ | 39,967 | $ | 26,380 | $ | 14,150 | $ | 74,340 | ||||||||
Add: | ||||||||||||||||||||
Fixed Charges | 31,659 | 16,889 | 15,721 | 15,228 | 15,500 | 32,997 | ||||||||||||||
Earnings as adjusted | $ | 110,941 | $ | 74,339 | $ | 55,688 | $ | 41,608 | $ | 29,650 | $ | 107,337 | ||||||||
Fixed Charges: | ||||||||||||||||||||
Interest on indebtedness including amortization of deferred financing costs | $ | 24,259 | $ | 10,589 | $ | 10,954 | $ | 11,461 | $ | 12,600 | $ | 27,447 | ||||||||
Portion of rents representative of the interest factor | 7,400 | 6,300 | 4,767 | 3,767 | 2,900 | 5,550 | ||||||||||||||
Fixed Charges: | $ | 31,659 | $ | 16,889 | $ | 15,721 | $ | 15,228 | $ | 15,500 | $ | 32,997 | ||||||||
Ratio of earnings to fixed charges | 3.5 | x | 4.4 | x | 3.5 | x | 2.7 | x | 1.9 | x | 3.3 | x | ||||||||
DRS Technologies, Inc. Computation of Ratio of Earnings to Fixed Charges (Dollar amounts in millions)