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EXHIBIT 12.1
DRS TECHNOLOGIES, INC.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Six Months Ended September 30, | Year Ended March 31, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2005 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||
Earnings: | ||||||||||||||||||||
Pre-tax income from continuing operations before minority interests and extraordinary item | $ | 52,767 | $ | 105,123 | $ | 79,282 | $ | 57,450 | $ | 39,967 | $ | 26,380 | ||||||||
Add: | ||||||||||||||||||||
Fixed Charges | 28,884 | 48,517 | 31,659 | 16,889 | 15,721 | 15,228 | ||||||||||||||
Earnings | $ | 81,651 | $ | 153,640 | $ | 110,941 | $ | 74,339 | $ | 55,688 | $ | 41,608 | ||||||||
Fixed Charges: | ||||||||||||||||||||
Interest and related expenses | $ | 24,501 | $ | 39,750 | $ | 24,259 | $ | 10,589 | $ | 10,954 | $ | 11,461 | ||||||||
Estimated interest component of rent expense | 4,383 | 8,767 | 7,400 | 6,300 | 4,767 | 3,767 | ||||||||||||||
Fixed Charges | $ | 28,884 | $ | 48,517 | $ | 31,659 | $ | 16,889 | $ | 15,721 | $ | 15,228 | ||||||||
Ratio of earnings to fixed charges | 2.8 | x | 3.2 | x | 3.5 | x | 4.4 | x | 3.5 | x | 2.7 | x |
DRS TECHNOLOGIES, INC. STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES